Funding arb · Price arb /

MEGA

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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: Gate against Bitget−0.066%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3313.313% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.066%, 7d avg −0.017%

Together, before fees+0.019%+$2 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: Gate is 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04520	0.0100	pay 0.0050% / 4h	16m 40s	$1.1M	$1.4M	50x
Short	Gate MEGA_USDT	0.04517	0.0100	get 0.0050% / 4h	16m 40s	$196K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.017%: −$4.98
Slippage, 4 orders: −$304.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$336.3
Costs to cover: 3.313%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 55 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, 5 min ago	5.53 bp	27.1 bp −$27	112.8 bp −$1,128	doesn't fit	doesn't fit
Sell Gate live order book, 55 min ago	8.93 bp	142.8 bp −$143	doesn't fit	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04517	−0.062%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0047%	4h	0.04524	+0.088%	$195K	$77K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04516	−0.088%	$3K	$2K	10x	as long as short
Nado MEGA-PERP	+0.0100%	1h	0.04516	−0.077%	$195K	$135K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04520	−0.004%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04522	+0.038%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04520	0.000%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04517	−0.066%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04516	−0.088%	$922K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04520	0.000%	$133K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDTshort	+0.0100%	4h	0.04517	−0.066%	$196K	$313K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04519	−0.022%	$767K	$353K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04522	+0.044%	$238K	$114K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04520	long leg	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04517	−0.066%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04517	−0.058%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04513	−0.155%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04509	−0.243%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04517	−0.066%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04518	−0.041%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04516	−0.081%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04518	−0.051%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.655%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04524	+0.088%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0470%	1h	0.04522	+0.044%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1037%	1h	0.04528	+0.184%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1121%	1h	0.04528	+0.175%	$110	$15	25x	as long as short
Lighter MEGA	+0.1392%	1h	0.04542	+0.487%	$639K	$320K	3x	as long as short