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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.010%
Price spread now: Extended against Bybit+0.084%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1921.916% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.124%+$12 on $10k
Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.084%, 7d avg −0.012%
Together, before fees+0.019%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEGAUSDT0.044980.0032pay 0.0016% / 4h2h 32m$3.4M$5.9M20x
ShortExtended MEGA-USD0.045020.0104get 0.0013% / 1h32m 26s$126K$429K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
$15.09
Price spread: +0.084% → −0.012%
$9.61
Slippage, 4 orders
−$175.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$166.9
Costs to cover
1.916%
Break-even
84.4 days
Slippage from Bybit: live order book, just now; Extended: live order book, 15 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 Bybit live order book, just now2.22 bp33.2 bp −$33190.2 bp −$1,902doesn't fitdoesn't fit
Sell Extended live order book, 15 min ago4.42 bp63.3 bp −$63349.5 bp −$3,495doesn'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%1h0.04589+2.034%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04499+0.022%$1K150xas long as short
Bybit MEGAUSDTlong+0.0032%4h0.04498long leg$3.4M$5.9M20x
BloFin MEGA-USDT+0.0044%4h0.04489−0.200%$198K$93K50xas long as short
Nado MEGA-PERP+0.0059%1h0.04501+0.078%$194K$141K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04500+0.054%$18K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04507+0.191%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04502+0.088%$4.0M$13.8M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04495−0.067%$913K$3.1M20xas long as short
Gate MEGA_USDT+0.0100%4h0.04502+0.089%$201K$330K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04499+0.022%$791K$393K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04500+0.044%$227K$120K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04500+0.044%$1.0M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04497−0.022%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04502+0.089%$18K$55K5xas long as short
Variational Omni MEGA+0.0100%4h0.04520+0.496%$319K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04518+0.445%$20K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04524+0.578%$23K$228K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.044980.000%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04495−0.067%$1K$1.9M10xas long as short
Bulk MEGA-USD+0.0100%1h0.04501+0.057%$133K$11110xas long as short
Extended MEGA-USDshort+0.0104%1h0.04502+0.084%$126K$429K5x
Reya MEGARUSDPERP+0.0159%1h0.04496−0.037%$33xas long as short
Phoenix MEGA+0.0177%1h0.04522+0.534%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04499+0.018%$3K45xas long as short
Lighter MEGA+0.0432%1h0.04527+0.645%$617K$366K3xas long as short
Hyperliquid MEGA+0.0523%1h0.04507+0.205%$7.8M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1107%1h0.04501+0.071%$109$1525xas long as short