Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.006%

Price spread now: Nado against Bitget+0.111%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.111%, 7d avg −0.004%

Together, before fees+0.043%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.114% dearer against Bitget than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of −0.004%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04508	0.0100	pay 0.0050% / 4h	1h 02m	$1.1M	$1.4M	50x
Short	Nado MEGA-PERP	0.04513	0.0058	get 0.0007% / 1h	2m 11s	$195K	$136K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.111%Rate

Funding earned: −$8.8
Price spread: +0.111% → −0.004%: $11.44
Slippage, 4 orders: −$72.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.99
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; Nado: live order book, 15 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, 9 min ago	5.58 bp	29.2 bp −$29	103.6 bp −$1,036	doesn't fit	doesn't fit
Sell Nado live order book, 15 min ago	4.47 bp	19.7 bp −$20	117.9 bp −$1,179	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	−0.0144%	1h	0.04490	−0.390%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04508	+0.004%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0057%	4h	0.04500	−0.177%	$194K	$77K	50x	as long as short
Nado MEGA-PERPshort	+0.0058%	1h	0.04513	+0.111%	$195K	$136K	2x
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04508	0.000%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04507	−0.012%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04513	+0.106%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	+0.071%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04508	0.000%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	+0.022%	$915K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04484	−0.541%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04508	0.000%	$193K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04508	0.000%	$774K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04508	0.000%	$237K	$113K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04508	long leg	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04506	−0.044%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04480	−0.612%	$225K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04496	−0.266%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04483	−0.555%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04509	+0.022%	$929	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04508	−0.008%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04510	+0.042%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04492	−0.355%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04507	−0.016%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0510%	1h	0.04513	+0.111%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1176%	1h	0.04517	+0.211%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1370%	1h	0.04514	+0.140%	$109	$15	25x	as long as short
Lighter MEGA	+0.2352%	1h	0.04529	+0.466%	$637K	$323K	3x	as long as short