Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk−0.443%7-day average +0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+1.496%+$150 · spread now −0.443%, 7d avg +0.027%

Together, before fees+1.497%+$150 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: SunX is 0.469% cheaper against Bulk than usual: you would sell low and buy high, −$47 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	0.04579	0.0100	pay 0.0013% / 1h	10m 04s	$135K	$4K	10x
Short	SunX MEGA-USDT	0.04559	0.0100	get 0.0050% / 4h	2h 10m	$2K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.443%Rate

Funding earned: $0
Price spread: −0.443% → +0.027%: −$46.94
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$61.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 59 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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, 59 min ago	10.81 bp	30.2 bp −$30	122.5 bp −$1,225	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	502.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

MEGA on 27 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	−0.0432%	1h	0.04490	−1.941%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04567	−0.270%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0063%	1h	0.04569	−0.224%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04572	−0.155%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04577	−0.052%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04564	−0.333%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04559	−0.443%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04560	−0.421%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	0.04579	long leg	$135K	$4K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04562	−0.377%	$202K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04562	−0.377%	$815K	$366K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04566	−0.290%	$238K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04562	−0.377%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04561	−0.399%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04572	−0.165%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04574	−0.122%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04571	−0.181%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04562	−0.377%	$3K	$2K	10x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04559	−0.443%	$2K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04561	−0.402%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04565	−0.318%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04579	−0.006%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04566	−0.290%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0683%	1h	0.04565	−0.312%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1288%	1h	0.04585	+0.125%	$648K	$330K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1701%	1h	0.04571	−0.170%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.1822%	1h	0.04577	−0.043%	$7.9M	$2.5M	3x	as long as short