Funding you earn now, next payment 01:00 UTC+0.1621%/8h= +177.5% APRpaid last 24h +0.312%
Price spread now: Deribit against Bybit+0.285%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and Deribit is 0.285% dearer against Bybit than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04562 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $3.5M | $5.3M | 20x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04575 | 0.1721 | get 0.0215% / 1h | 20m 48s | $111 | $15 | 25x |
Bybit MEGAUSDT
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $340.43
- Price spread: +0.285% → 0.000%
- $28.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $350.93
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Deribit: no order-book sample. 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 Bybit live order book, 2 min ago | 1.09 bp | 23.5 bp −$23 | 133.6 bp −$1,336 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −1.569% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04566 | +0.089% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04575 | +0.285% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0041% | 1h | 0.04563 | +0.033% | $197K | $137K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04562 | −0.010% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04570 | +0.171% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04564 | +0.045% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04562 | long leg | $3.5M | $5.3M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04560 | −0.044% | $930K | $3.0M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04559 | −0.066% | $199K | $313K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04563 | +0.022% | $844K | $360K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04563 | +0.022% | $240K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04562 | 0.000% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04562 | 0.000% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04564 | +0.038% | $322K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04567 | +0.110% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04570 | +0.175% | $25K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04565 | +0.066% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04566 | +0.088% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04540 | −0.479% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04562 | −0.001% | $132K | $819K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0128% | 4h | 0.04569 | +0.153% | $198K | $78K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04561 | −0.015% | $3 | — | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0207% | 1h | 0.04563 | +0.022% | $18K | $41K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04566 | +0.079% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0912% | 1h | 0.04589 | +0.592% | $645K | $325K | 3x | as long as short |
| Hyperliquid MEGA | +0.1050% | 1h | 0.04574 | +0.261% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.1721% | 1h | 0.04575 | +0.285% | $111 | $15 | 25x |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA