Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.255%

Price spread now: Bitget against Coinbase International−0.053%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04490	−0.0288	get 0.0036% / 1h	18m 42s	$5K	$12K	50x
Short	Bitget MEGAUSDT	0.04488	0.0100	get 0.0050% / 4h	2h 18m	$1.1M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $81.48
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $54.14
Costs to cover: 0.220%
Break-even: 2.3 days

Slippage unknown: Coinbase International: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	4.45 bp	28.5 bp −$29	123.6 bp −$1,236	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
Coinbase International MEGA-PERP-INTXlong	−0.0288%	1h	0.04490	long leg	$5K	$12K	50x
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04491	+0.024%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04499	+0.192%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0051%	1h	0.04495	+0.102%	$194K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04491	+0.013%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04492	+0.040%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04491	+0.007%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04489	−0.023%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04485	−0.120%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04487	−0.076%	$920K	$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	0.04500	+0.203%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04486	−0.098%	$191K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04487	−0.076%	$773K	$355K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04494	+0.080%	$237K	$112K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04488	−0.053%	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04486	−0.098%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04493	+0.064%	$239K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04490	−0.008%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04493	+0.058%	$25K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04492	+0.036%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04488	−0.064%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0153%	4h	0.04485	−0.120%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04492	+0.043%	$3	—	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0161%	1h	0.04495	+0.102%	$18K	$41K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04491	+0.011%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0930%	1h	0.04497	+0.156%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1239%	1h	0.04502	+0.258%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.2792%	1h	0.04512	+0.481%	$624K	$327K	3x	as long as short