Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.228%
Price spread now: Coinbase International against Bulk−0.655%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Coinbase International is 0.655% cheaper against Bulk than usual: you would sell low and buy high (spread −0.655% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$65 on $10k: about 11 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MEGA-USD0.045200.0100pay 0.0013% / 1h16m 08s$133K$4K10x
ShortCoinbase International MEGA-PERP-INTX0.044900.0296get 0.0037% / 1h16m 08s$5K$12K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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

Funding earned
$41.16
Price spread: −0.655% → 0.000%
−$65.49
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$41.33
Costs to cover
0.170%
Break-even
14.0 days
Slippage unknown: Bulk: live order book, 63 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 63 min ago11.17 bp14.7 bp −$1548.7 bp −$487doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04521+0.022%$12K150xas long as short
BloFin MEGA-USDT+0.0047%4h0.04524+0.088%$195K$77K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.045200.000%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04520+0.005%$18K$83K5xas long as short
Pacifica MEGA+0.0100%1h0.04522+0.038%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04520+0.004%$3.9M$12.9M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04518−0.044%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04517−0.066%$922K$2.9M20xas long as short
Bulk MEGA-USDlong+0.0100%1h0.04520long leg$133K$4K10x
Gate MEGA_USDT+0.0100%4h0.04517−0.066%$196K$313K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.045200.000%$768K$353K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04522+0.044%$238K$114K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.045200.000%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04517−0.066%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04515−0.114%$227K$133Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04513−0.155%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04509−0.243%$25K$230K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04519−0.022%$1K$1.9M10xas long as short
Nado MEGA-PERP+0.0101%1h0.04519−0.022%$195K$135K2xas long as short
Extended MEGA-USD+0.0104%1h0.04519−0.019%$128K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04519−0.025%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04521+0.031%$3K45xas long as short
Coinbase International MEGA-PERP-INTXshort+0.0296%1h0.04490−0.655%$5K$12K50x
Phoenix MEGA+0.0355%1h0.04524+0.088%$21K$7K5xas long as short
Backpack MEGA_USDC_PERP+0.0462%1h0.04523+0.066%$18K$41K5xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0590%1h0.04526+0.126%$110$1525xas long as short
Hyperliquid MEGA+0.1023%1h0.04529+0.199%$7.7M$2.4M3xas long as short
Lighter MEGA+0.1392%1h0.04543+0.509%$639K$320K3xas long as short