Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against BloFin+0.969%93s7-day average −0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$477as 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−$4784.783% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−8.880%−$888 · spread now +0.969%, 7d avg −0.117%
=The price spread pays, funding is against you. Gate is 1.085% dearer against BloFin than usual: you sell high and buy low (spread +0.969% now, against its 7-day average of −0.117%): +$109 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 93 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 | 0.04543 | 0.0150 | pay 0.0075% / 4h | 55m 37s | $202K | $94K | 50x |
| Short | Gate MEGA_USDT | 0.04587 | 0.0100 | get 0.0050% / 4h | 55m 37s | $199K | $319K | 20x |
BloFin MEGA-USDT
Gate MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.55
- Price spread: +0.969% → −0.117%
- $108.53
- Slippage, 4 orders
- −$451.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$380.34
- Costs to cover
- 4.783%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 42 min ago; Gate: live order book, 61 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, 42 min ago | 2.20 bp | 16.9 bp −$17 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Gate live order book, 61 min ago | 7.66 bp | 234.3 bp −$234 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04490 | −1.158% | $5K | $12K | 50x | as long as short |
| Nado MEGA-PERP | −0.0006% | 1h | 0.04588 | +1.002% | $199K | $142K | 2x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04588 | +0.990% | $1K | — | 150x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04593 | +1.110% | $18K | $89K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04592 | +1.085% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04592 | +1.076% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04589 | +1.013% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04589 | +1.013% | $941K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04560 | +0.374% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDTshort | +0.0100% | 4h | 0.04587 | +0.969% | $199K | $319K | 20x |
Coinbase International MEGA-PERP-INTX
Nado MEGA-PERP
gTrade (Gains Network) MEGA/USD
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04589 | +1.013% | $838K | $366K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04594 | +1.123% | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04592 | +1.079% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04590 | +1.035% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04598 | +1.211% | $18K | $47K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04587 | +0.963% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04564 | +0.462% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04545 | +0.044% | $24K | $232K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04592 | +1.079% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04594 | +1.123% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04588 | +1.001% | $128K | $823K | 5x | as long as short |
| BloFin MEGA-USDTlong | +0.0150% | 4h | 0.04543 | long leg | $202K | $94K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04588 | +0.997% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04550 | +0.154% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04589 | +1.015% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0238% | 1h | 0.04598 | +1.222% | $7.9M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0632% | 1h | 0.04614 | +1.563% | $653K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2166% | 1h | 0.04605 | +1.356% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL