MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2236%/8h= +244.8% APRnext payment +$2.79 per $10,000 · paid last 24h +0.172%

Price spread now: Lighter against Bulk+0.600%7-day average +0.223% · 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−$176as in the Price arb table

costs, in and out, $10k−$2132.133% of the position

Long on Bulk Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.247%+$25 on $10k

Price spread, last 4 days (all we have)−0.494%−$49 · spread now +0.600%, 7d avg +0.223%

Together, before fees−0.247%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Lighter is 0.377% dearer against Bulk than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.223%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.247% in total (about 26.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MEGA-USD	0.04500	0.0100	pay 0.0013% / 1h	0m 38s	$133K	$5K	10x
Short	Lighter MEGA	0.04527	0.2336	get 0.0292% / 1h	0m 38s	$637K	$323K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.600%Rate

Funding earned: $469.56
Price spread: +0.600% → +0.223%: $37.71
Slippage, 4 orders: −$206.25
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $294.01
Costs to cover: 2.133%
Break-even: 2.6 days

Slippage from Bulk: live order book, 18 min ago; Lighter: live order book, 10 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, 18 min ago	11.17 bp	14.7 bp −$15	48.7 bp −$487	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	31.08 bp	75.8 bp −$76	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	−0.0144%	1h	0.04490	−0.213%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04503	+0.072%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0060%	1h	0.04507	+0.167%	$195K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04504	+0.089%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04507	+0.151%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04506	+0.140%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04506	+0.133%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04502	+0.044%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	+0.133%	$915K	$2.9M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	0.04500	long leg	$133K	$5K	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04505	+0.111%	$193K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04506	+0.133%	$773K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04506	+0.133%	$237K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	+0.156%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04504	+0.089%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04480	−0.436%	$225K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04496	−0.089%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04504	+0.089%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04505	+0.111%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04507	+0.147%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0149%	4h	0.04500	0.000%	$194K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04503	+0.064%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04510	+0.222%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04503	+0.073%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0515%	1h	0.04510	+0.222%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1165%	1h	0.04514	+0.311%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1171%	1h	0.04510	+0.227%	$109	$15	25x	as long as short
Lighter MEGAshort	+0.2336%	1h	0.04527	+0.600%	$637K	$323K	3x