Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.001%
Price spread now: Bulk against BloFin−0.631%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.805%−$81 · spread now −0.631%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.558% cheaper against BloFin than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MEGA-USDT | 0.04569 | 0.0128 | pay 0.0064% / 4h | 3h 20m | $198K | $78K | 50x |
| Short | Bulk MEGA-USD | 0.04540 | 0.0100 | get 0.0013% / 1h | 20m 34s | $134K | $4K | 10x |
BloFin MEGA-USDT
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$5.91
- Price spread: −0.631% → −0.074%
- −$55.77
- Slippage, 4 orders
- −$45.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$125.85
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; Bulk: live order book, 53 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, 44 min ago | 1.11 bp | 11.1 bp −$11 | 65.1 bp −$651 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 53 min ago | 11.07 bp | 14.6 bp −$15 | 29.8 bp −$298 | 167.2 bp −$16.7K | 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 | −0.0048% | 1h | 0.04490 | −1.720% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04566 | −0.065% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04575 | +0.131% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0040% | 1h | 0.04567 | −0.044% | $197K | $137K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04564 | −0.118% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04561 | −0.179% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04562 | −0.150% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04563 | −0.131% | $3.5M | $5.3M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04563 | −0.131% | $929K | $3.0M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04558 | −0.241% | $199K | $313K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04568 | −0.022% | $845K | $361K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04567 | −0.044% | $240K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04567 | −0.044% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04558 | −0.241% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04564 | −0.115% | $322K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04567 | −0.044% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04570 | +0.022% | $25K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04565 | −0.088% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04566 | −0.066% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04540 | −0.631% | $134K | $4K | 10x | |
| Extended MEGA-USD | +0.0104% | 1h | 0.04557 | −0.253% | $132K | $819K | 5x | as long as short |
| BloFin MEGA-USDTlong | +0.0128% | 4h | 0.04569 | long leg | $198K | $78K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04566 | −0.070% | $3 | — | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0207% | 1h | 0.04563 | −0.131% | $18K | $41K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04566 | −0.074% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0912% | 1h | 0.04582 | +0.285% | $644K | $325K | 3x | as long as short |
| Hyperliquid MEGA | +0.1057% | 1h | 0.04580 | +0.230% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1721% | 1h | 0.04575 | +0.131% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL