Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.045%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.045%, 7d avg −0.011%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04425	0.0100	pay 0.0050% / 4h	2h 42m	$1.1M	$1.4M	50x
Short	Binance MEGAUSDT	0.04423	0.0100	get 0.0050% / 4h	2h 42m	$3.9M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.011%: −$3.41
Slippage, 4 orders: −$80.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$105.65
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	6.79 bp	27.7 bp −$28	151.9 bp −$1,519	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.25 bp	26.2 bp −$26	97.5 bp −$975	doesn't fit	doesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0288%	1h	0.04400	−0.558%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04421	−0.099%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04425	0.000%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0076%	1h	0.04424	−0.011%	$191K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	0.04417	−0.181%	$198K	$75K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04421	−0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04422	−0.058%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04424	−0.011%	$14K	$10K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04423	−0.045%	$3.9M	$12.7M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04421	−0.090%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04422	−0.068%	$906K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04450	+0.565%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04420	−0.113%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04422	−0.068%	$771K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04425	0.000%	$228K	$112K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04425	long leg	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04420	−0.113%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04424	−0.023%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04419	−0.146%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04421	−0.096%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04416	−0.203%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04422	−0.068%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04422	−0.067%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04422	−0.060%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04418	−0.149%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1257%	1h	0.04433	+0.185%	$7.5M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1311%	1h	0.04427	+0.054%	$107	$15	25x	as long as short
Lighter MEGA	+0.1712%	1h	0.04442	+0.384%	$597K	$299K	3x	as long as short