Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against BloFin−0.001%91s7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−3.926%−$393 · spread now −0.001%, 7d avg −0.122%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.121% dearer against BloFin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.122%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MEGA-USDT | 0.04472 | 0.0102 | pay 0.0051% / 4h | 1h 55m | $197K | $76K | 50x |
| Short | Binance MEGAUSDT | 0.04472 | 0.0100 | get 0.0050% / 4h | 1h 55m | $4.0M | $12.8M | 50x |
BloFin MEGA-USDT
Binance MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.38
- Price spread: −0.001% → −0.122%
- $12.09
- Slippage, 4 orders
- −$68.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.16
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 19 min ago; Binance: 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 BloFin live order book, 19 min ago | 3.35 bp | 24.2 bp −$24 | 70.8 bp −$708 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.12 bp | 26.6 bp −$27 | 115.6 bp −$1,156 | 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 | +0.411% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04473 | +0.030% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04474 | +0.045% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0034% | 1h | 0.04476 | +0.101% | $193K | $150K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0098% | 4h | 0.04475 | +0.067% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04468 | −0.088% | $20K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04473 | +0.016% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.0100% | 4h | 0.04472 | −0.001% | $4.0M | $12.8M | 50x | |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04469 | −0.067% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04469 | −0.067% | $914K | $2.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04471 | −0.015% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04466 | −0.134% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04471 | −0.022% | $764K | $345K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04468 | −0.089% | $236K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04469 | −0.067% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04471 | −0.022% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04472 | +0.008% | $238K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04476 | +0.087% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04475 | +0.067% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04477 | +0.112% | $2K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDTlong | +0.0102% | 4h | 0.04472 | long leg | $197K | $76K | 50x | |
| Extended MEGA-USD | +0.0104% | 1h | 0.04474 | +0.040% | $127K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04476 | +0.094% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04473 | +0.029% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0779% | 1h | 0.04478 | +0.134% | $18K | $41K | 5x | as long as short |
| Lighter MEGA | +0.1536% | 1h | 0.04492 | +0.447% | $621K | $311K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1537% | 1h | 0.04484 | +0.259% | $109 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.1543% | 1h | 0.04481 | +0.197% | $7.6M | $2.4M | 3x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA