Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.269%

Price spread now: Binance against Coinbase International+1.527%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Binance is 1.527% dearer against Coinbase International than usual: you sell high and buy low (spread +1.527% now, against zero (this spread has no 7-day history yet)): +$153 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04400	0.0384	pay 0.0048% / 1h	30m 02s	$5K	$11K	50x
Short	Binance MEGAUSDT	0.04468	0.0100	get 0.0050% / 4h	3h 30m	$4.0M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +1.527%Rate

Funding earned: −$59.64
Price spread: +1.527% → 0.000%: $152.75
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $73.11
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 16 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 Coinbase International no order-book sample	—	—	—	—	—
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

Coinbase International: 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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04474	+1.675%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04484	+1.902%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0049%	1h	0.04477	+1.743%	$193K	$159K	2x	as long as short
Backpack MEGA_USDC_PERP	+0.0093%	1h	0.04473	+1.652%	$14K	$41K	5x	as long as short
Orderly PERP_MEGA_USDC	+0.0096%	4h	0.04474	+1.675%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04475	+1.691%	$21K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04480	+1.804%	$14K	$10K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04468	+1.527%	$4.0M	$12.9M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04467	+1.516%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04469	+1.561%	$914K	$2.9M	20x	as long as short

Show 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	+1.813%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04472	+1.629%	$212K	$287K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04471	+1.607%	$774K	$357K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04475	+1.698%	$231K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04470	+1.584%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04468	+1.539%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04479	+1.798%	$242K	$107K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04483	+1.879%	$19K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04487	+1.970%	$25K	$228K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04476	+1.720%	$2K	$1.9M	10x	as long as short
BloFin MEGA-USDT	+0.0101%	4h	0.04488	+1.993%	$200K	$77K	50x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04474	+1.666%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04475	+1.690%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04474	+1.670%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTXlong	+0.0384%	1h	0.04400	long leg	$5K	$11K	50x
Lighter MEGA	+0.0712%	1h	0.04494	+2.129%	$604K	$301K	3x	as long as short
Hyperliquid MEGA	+0.0749%	1h	0.04483	+1.875%	$7.6M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1627%	1h	0.04483	+1.873%	$108	$15	25x	as long as short