Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Bulk+0.050%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on Bulk Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.050%, 7d avg −0.027%

Together, before fees−0.058%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.077% dearer against Bulk than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MEGA-USD	0.04505	0.0100	pay 0.0013% / 1h	37m 01s	$133K	$5K	10x
Short	GRVT MEGA_USDT_Perp	0.04507	0.0100	get 0.0050% / 4h	37m 01s	$21K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee BulkbpFee GRVTbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.027%: $7.66
Slippage, 4 orders: −$114.08
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$122.41
Costs to cover: 1.301%
Break-even: never at this rate

Slippage from Bulk: live order book, 42 min ago; GRVT: live order book, 1 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 Bulk live order book, 42 min ago	11.17 bp	14.7 bp −$15	48.7 bp −$487	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	3.33 bp	37.7 bp −$38	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04504	−0.022%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	+0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04504	−0.022%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04507	+0.044%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04504	−0.022%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04500	−0.111%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04500	−0.111%	$917K	$2.9M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	0.04505	long leg	$133K	$5K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04503	−0.044%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04505	0.000%	$770K	$350K	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	0.04503	−0.044%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04504	−0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04501	−0.089%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04503	−0.046%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perpshort	+0.0100%	4h	0.04507	+0.050%	$21K	$1.7M	10x
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04499	−0.133%	$25K	$231K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04508	+0.067%	$1K	$1.9M	10x	as long as short
Nado MEGA-PERP	+0.0102%	1h	0.04505	+0.011%	$195K	$135K	2x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04505	−0.006%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0138%	4h	0.04504	−0.022%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04506	+0.021%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04504	−0.031%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.324%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04508	+0.067%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0667%	1h	0.04507	+0.044%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1099%	1h	0.04516	+0.244%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1371%	1h	0.04511	+0.127%	$109	$15	25x	as long as short
Lighter MEGA	+0.1544%	1h	0.04524	+0.422%	$636K	$319K	3x	as long as short