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

MEGA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Bulk+0.261%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$920.919% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.261%, 7d avg −0.065%
Together, before fees−0.169%−$17 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: OKX is 0.326% dearer against Bulk than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MEGA-USD0.045400.0100pay 0.0013% / 1h20m 44s$134K$4K10x
ShortOKX MEGA-USDT-SWAP0.045520.0100get 0.0050% / 4h3h 20m$930K$3.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.261% → −0.065%
$32.56
Slippage, 4 orders
−$74.89
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$59.33
Costs to cover
0.919%
Break-even
never at this rate
Slippage from Bulk: live order book, 53 min ago; OKX: live order book, 1 min ago.

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, 53 min ago11.07 bp14.6 bp −$1532.0 bp −$320266.5 bp −$26.6Kdoesn't fit
Sell OKX live order book, 1 min ago2.19 bp30.2 bp −$30135.6 bp −$1,356doesn't fitdoesn't fit

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
Coinbase International MEGA-PERP-INTX−0.0048%1h0.04490−1.096%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04566+0.570%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04575+0.767%$21K$7K5xas long as short
Nado MEGA-PERP+0.0041%1h0.04563+0.514%$197K$137K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04564+0.533%$20K$87K5xas long as short
Pacifica MEGA+0.0100%1h0.04561+0.455%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04559+0.424%$4.0M$13.2M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04556+0.349%$3.5M$5.3M20xas long as short
OKX MEGA-USDT-SWAPshort+0.0100%4h0.04552+0.261%$930K$3.0M20x
Gate MEGA_USDT+0.0100%4h0.04558+0.393%$199K$313K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04556+0.349%$843K$361K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04561+0.459%$240K$116K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04559+0.415%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04558+0.393%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04564+0.520%$322K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04567+0.591%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04570+0.657%$25K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04565+0.547%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04566+0.569%$2K$1.9M10xas long as short
Bulk MEGA-USDlong+0.0100%1h0.04540long leg$134K$4K10x
Extended MEGA-USD+0.0104%1h0.04557+0.381%$132K$819K5xas long as short
BloFin MEGA-USDT+0.0128%4h0.04569+0.635%$198K$78K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04561+0.466%$33xas long as short
Backpack MEGA_USDC_PERP+0.0207%1h0.04563+0.503%$18K$41K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04566+0.560%$3K45xas long as short
Lighter MEGA+0.0912%1h0.04582+0.922%$644K$325K3xas long as short
Hyperliquid MEGA+0.1050%1h0.04574+0.743%$7.8M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1721%1h0.04575+0.767%$111$1525xas long as short