Funding arb · Price arb /

MEGA

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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 +0.007%

Price spread now: Variational Omni against Bybit−0.178%7-day average +0.020% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.178%, 7d avg +0.020%

Together, before fees+0.439%+ Points / potential airdropVariational Omni: Active · farm board+$44 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: Variational Omni is 0.198% cheaper against Bybit than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEGAUSDT	0.04452	0.0100	pay 0.0050% / 4h	1h 41m	$3.4M	$4.9M	20x
Short	Variational Omni MEGA	0.04444	0.0100	get 0.0050% / 4h	1h 41m	$223K	$135K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.020%: −$19.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.81
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 43 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 Bybit live order book, 2 min ago	2.24 bp	32.9 bp −$33	301.9 bp −$3,019	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 min ago	8.94 bp	doesn't fit	160.9 bp −$1,609	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	+0.863%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04453	+0.027%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0043%	1h	0.04461	+0.202%	$193K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04454	+0.045%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04459	+0.166%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04465	+0.301%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04456	+0.093%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDTlong	+0.0100%	4h	0.04452	long leg	$3.4M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04453	+0.022%	$911K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	+0.067%	$131K	$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	0.04455	+0.067%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04456	+0.090%	$761K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04459	+0.157%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04455	+0.067%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04454	+0.045%	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	0.04444	−0.178%	$223K	$135K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04453	+0.031%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04450	−0.045%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04456	+0.090%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04453	+0.025%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0137%	4h	0.04464	+0.270%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04457	+0.115%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04461	+0.202%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04453	+0.027%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0353%	1h	0.04462	+0.225%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1411%	1h	0.04471	+0.416%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1504%	1h	0.04476	+0.539%	$620K	$312K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1681%	1h	0.04461	+0.207%	$108	$15	25x	as long as short