Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: GRVT against Bybit−0.133%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1431.433% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.133%, 7d avg +0.043%

Together, before fees+0.390%+ Points / potential airdropGRVT: Active · farm board+$39 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: GRVT is 0.176% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEGAUSDT	0.04502	0.0100	pay 0.0050% / 4h	1h 00m	$3.5M	$4.9M	20x
Short	GRVT MEGA_USDT_Perp	0.04496	0.0100	get 0.0050% / 4h	1h 00m	$27K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee BybitbpFee GRVTbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → +0.043%: −$17.61
Slippage, 4 orders: −$123.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$160.93
Costs to cover: 1.433%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 3 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, 2 min ago	2.22 bp	29.3 bp −$29	266.3 bp −$2,663	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	3.33 bp	38.6 bp −$39	doesn't fit	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
Coinbase International MEGA-PERP-INTX	−0.0144%	1h	0.04490	−0.258%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04503	+0.027%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0060%	1h	0.04507	+0.122%	$195K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04504	+0.044%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04507	+0.113%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04506	+0.089%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04507	+0.101%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDTlong	+0.0100%	4h	0.04502	long leg	$3.5M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04504	+0.044%	$915K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04484	−0.409%	$132K	$5K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04505	+0.067%	$193K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04507	+0.111%	$773K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04507	+0.111%	$237K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	+0.111%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04504	+0.044%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04480	−0.480%	$225K	$133K	—	as long as short
GRVT MEGA_USDT_Perpshort	+0.0100%	4h	0.04496	−0.133%	$27K	$1.7M	10x
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04504	+0.044%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04505	+0.067%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04506	+0.080%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0149%	4h	0.04500	−0.044%	$194K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04503	+0.020%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04510	+0.178%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04503	+0.029%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0515%	1h	0.04510	+0.178%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1165%	1h	0.04514	+0.267%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1171%	1h	0.04510	+0.182%	$109	$15	25x	as long as short
Lighter MEGA	+0.2352%	1h	0.04526	+0.533%	$636K	$323K	3x	as long as short