Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.020%

Price spread now: Reya against BloFin−0.048%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.048% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MEGA-USDT	0.04512	0.0100	pay 0.0050% / 4h	56m 34s	$195K	$77K	50x
Short	Reya MEGARUSDPERP	0.04510	0.0159	get 0.0020% / 1h	56m 34s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.048%Rate

Funding earned: $12.25
Price spread: −0.048% → 0.000%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$10.51
Costs to cover: 0.180%
Break-even: 13.0 days

Slippage unknown: BloFin: live order book, 13 min ago; Reya: 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, 13 min ago	3.35 bp	17.2 bp −$17	70.1 bp −$701	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04509	−0.061%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04509	−0.066%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04509	−0.071%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04510	−0.042%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04508	−0.081%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04504	−0.177%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	−0.133%	$916K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04500	−0.266%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04510	−0.044%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04507	−0.111%	$774K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04511	−0.022%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04511	−0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04507	−0.111%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04498	−0.302%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04505	−0.150%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04510	−0.044%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04511	−0.022%	$1K	$1.9M	10x	as long as short
BloFin MEGA-USDTlong	+0.0100%	4h	0.04512	long leg	$195K	$77K	50x
Extended MEGA-USD	+0.0104%	1h	0.04510	−0.052%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0148%	1h	0.04506	−0.133%	$195K	$136K	2x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04510	−0.048%	$3	—	3x
Phoenix MEGA	+0.0179%	1h	0.04510	−0.044%	$21K	$6K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04510	−0.055%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.479%	$5K	$12K	50x	as long as short
Hyperliquid MEGA	+0.0886%	1h	0.04521	+0.191%	$7.7M	$2.4M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0933%	1h	0.04514	+0.044%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.1472%	1h	0.04530	+0.399%	$637K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2278%	1h	0.04522	+0.213%	$109	$15	25x	as long as short