Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against Bybit+0.006%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1231.229% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now +0.006%, 7d avg +0.013%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04464 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $3.4M | $4.9M | 20x |
| Short | Binance MEGAUSDT | 0.04464 | 0.0100 | get 0.0050% / 4h | 3h 29m | $4.0M | $12.9M | 50x |
Bybit MEGAUSDT
Binance MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.006% → +0.013%
- −$0.72
- Slippage, 4 orders
- −$101.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$123.65
- Costs to cover
- 1.229%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 16 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 Bybit live order book, 3 min ago | 3.34 bp | 39.3 bp −$39 | 336.2 bp −$3,362 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.12 bp | 22.0 bp −$22 | 95.0 bp −$950 | 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 | 0.04474 | +0.224% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04484 | +0.448% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0049% | 1h | 0.04477 | +0.291% | $193K | $159K | 2x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0093% | 1h | 0.04473 | +0.202% | $14K | $41K | 5x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0096% | 4h | 0.04474 | +0.224% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04471 | +0.161% | $21K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04480 | +0.352% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.0100% | 4h | 0.04464 | +0.006% | $4.0M | $12.9M | 50x | |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04464 | long leg | $3.4M | $4.9M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04463 | −0.022% | $913K | $2.9M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Backpack MEGA_USDC_PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04480 | +0.360% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04472 | +0.179% | $212K | $287K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04466 | +0.045% | $774K | $357K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04471 | +0.157% | $231K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04468 | +0.090% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04462 | −0.045% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04479 | +0.346% | $242K | $107K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04483 | +0.425% | $19K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04487 | +0.515% | $25K | $228K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04476 | +0.269% | $2K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDT | +0.0101% | 4h | 0.04488 | +0.538% | $200K | $77K | 50x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04467 | +0.057% | $127K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04475 | +0.239% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04474 | +0.220% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0384% | 1h | 0.04400 | −1.427% | $5K | $11K | 50x | as long as short |
| Lighter MEGA | +0.0712% | 1h | 0.04494 | +0.672% | $604K | $301K | 3x | as long as short |
| Hyperliquid MEGA | +0.0749% | 1h | 0.04483 | +0.421% | $7.6M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1627% | 1h | 0.04483 | +0.419% | $108 | $15 | 25x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
BloFin MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL