Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.5251%/8h= +574.9% APRpaid last 24h +1.019%

Price spread now: GMX against BloFin−0.261%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.261% cheaper against BloFin than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 4 hours of funding at the current rate (+$158 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MEGA-USDT	0.04440	0.0102	pay 0.0051% / 4h	2h 51m	$198K	$76K	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04428	L +0.0235% / S −0.5353%	get 0.0669% / 1h	51m 10s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.261%Rate

Funding earned: $1,102.61
Price spread: −0.261% → 0.000%: −$26.13
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,052.49
Costs to cover: 0.240%
Break-even: 0.3 days

Slippage unknown: BloFin: live order book, 31 min ago; GMX: no order-book sample. Net counts fees only.

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, 31 min ago	3.36 bp	17.1 bp −$17	55.8 bp −$558	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.894%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04429	−0.254%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04441	+0.023%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0058%	1h	0.04430	−0.214%	$191K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04429	−0.248%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04431	−0.206%	$19K	$79K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04432	−0.173%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04427	−0.295%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04424	−0.360%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04423	−0.383%	$907K	$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	+0.225%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04426	−0.315%	$189K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04426	−0.315%	$780K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04429	−0.248%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04427	−0.293%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04425	−0.338%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04430	−0.225%	$15K	$40K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04441	+0.022%	$236K	$110K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04452	+0.267%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04436	−0.090%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04431	−0.203%	$1K	$1.9M	10x	as long as short
BloFin MEGA-USDTlong	+0.0102%	4h	0.04440	long leg	$198K	$76K	50x
Extended MEGA-USD	+0.0104%	1h	0.04430	−0.222%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04430	−0.234%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0235% / S −0.5353%	1h	0.04428	−0.261%	$3K	—	45x
Deribit MEGA_USDC-PERPETUAL	+0.1172%	1h	0.04437	−0.074%	$107	$15	25x	as long as short
Hyperliquid MEGA	+0.1353%	1h	0.04440	−0.009%	$7.6M	$2.3M	3x	as long as short
Lighter MEGA	+0.1512%	1h	0.04451	+0.248%	$598K	$299K	3x	as long as short