Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against BloFin−0.158%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−4.204%−$420 · spread now −0.158%, 7d avg −0.087%

Together, before fees−4.154%−$415 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.087%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MEGA-USDT	0.04428	0.0156	pay 0.0078% / 4h	2h 44m	$198K	$75K	50x
Short	ApeX Omni MEGAUSDT	0.04421	0.0100	get 0.0013% / 1h	44m 39s	$24K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: −$11.71
Price spread: −0.158% → −0.087%: −$7.1
Slippage, 4 orders: −$52.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$92.98
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; ApeX Omni: live order book, 41 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 BloFin live order book, 37 min ago	3.36 bp	17.1 bp −$17	55.8 bp −$558	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 41 min ago	6.72 bp	18.4 bp −$18	128.7 bp −$1,287	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	−0.626%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04418	−0.234%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04425	−0.068%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0080%	1h	0.04419	−0.215%	$191K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04419	−0.203%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04417	−0.240%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04419	−0.210%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04417	−0.248%	$3.9M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04416	−0.271%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04415	−0.294%	$904K	$2.8M	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	0.04450	+0.497%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04416	−0.271%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04417	−0.248%	$773K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04420	−0.181%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04418	−0.226%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04415	−0.294%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04422	−0.136%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04419	−0.214%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04425	−0.068%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04421	−0.158%	$24K	$229K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04420	−0.181%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04416	−0.271%	$126K	$613K	5x	as long as short
BloFin MEGA-USDTlong	+0.0156%	4h	0.04428	long leg	$198K	$75K	50x
Reya MEGARUSDPERP	+0.0159%	1h	0.04421	−0.167%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04417	−0.242%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1266%	1h	0.04426	−0.047%	$107	$15	25x	as long as short
Hyperliquid MEGA	+0.1294%	1h	0.04428	+0.007%	$7.5M	$2.4M	3x	as long as short
Lighter MEGA	+0.1720%	1h	0.04437	+0.203%	$597K	$299K	3x	as long as short