Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Nado against Bulk−0.233%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Funding, last 3 days (all we have)−0.056%−$6 on $10k
+Price spread, last 3 days (all we have)+0.265%+$27 · spread now −0.233%, 7d avg −0.035%
=Together, before fees+0.209%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.197% cheaper against Bulk than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MEGA-USD | 0.04510 | 0.0100 | pay 0.0013% / 1h | 46m 57s | $133K | $4K | 10x |
| Short | Nado MEGA-PERP | 0.04500 | 0.0086 | get 0.0011% / 1h | 46m 57s | $194K | $136K | 2x |
Bulk MEGA-USD
Nado MEGA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.02
- Price spread: −0.233% → −0.035%
- −$19.73
- Slippage, 4 orders
- −$56.93
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$93.68
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 27 min ago; Nado: live order book, 25 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, 27 min ago | 11.07 bp | 14.6 bp −$15 | 32.0 bp −$320 | 266.5 bp −$26.6K | doesn't fit |
| Sell Nado live order book, 25 min ago | 2.22 bp | 21.2 bp −$21 | 122.7 bp −$1,227 | 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 | −0.0048% | 1h | 0.04490 | −0.435% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04504 | −0.130% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04522 | +0.266% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERPshort | +0.0086% | 1h | 0.04500 | −0.233% | $194K | $136K | 2x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | −0.164% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04501 | −0.188% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04505 | −0.111% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04505 | −0.111% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04502 | −0.177% | $919K | $3.0M | 20x | as long as short |
| Bulk MEGA-USDlong | +0.0100% | 1h | 0.04510 | long leg | $133K | $4K | 10x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04501 | −0.200% | $196K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04505 | −0.111% | $835K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04504 | −0.133% | $237K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04505 | −0.111% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04503 | −0.155% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04505 | −0.111% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04525 | +0.328% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04508 | −0.036% | $28K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04507 | −0.067% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04503 | −0.155% | $3K | $2K | 10x | 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 | 0.04504 | −0.142% | $126K | $698K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0149% | 4h | 0.04501 | −0.200% | $195K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04498 | −0.270% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04503 | −0.151% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0768% | 1h | 0.04522 | +0.266% | $636K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.0841% | 1h | 0.04514 | +0.086% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2503% | 1h | 0.04516 | +0.137% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL