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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0532%/8h= +58.3% APRnext payment +$0.66 per $10,000 · paid last 24h −0.202%
Price spread now: Bulk against Coinbase International+1.979%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bulk is 1.979% dearer against Coinbase International than usual: you sell high and buy low: +$198 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MEGA-PERP-INTX0.04490−0.0432get 0.0054% / 1h12m 05s$5K$12K50x
ShortBulk MEGA-USD0.045790.0100get 0.0013% / 1h12m 05s$135K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$111.72
Price spread: +1.979% → 0.000%
$197.9
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$292.62
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Bulk: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Bulk live order book, 57 min ago10.81 bp35.0 bp −$35118.4 bp −$1,184doesn't fitdoesn'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 27 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-INTXlong−0.0432%1h0.04490long leg$5K$12K50x
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04575+1.882%$1K150xas long as short
Nado MEGA-PERP+0.0062%1h0.04572+1.828%$197K$140K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04577+1.920%$18K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04573+1.851%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04576+1.912%$4.0M$13.5M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04573+1.839%$3.6M$5.5M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04572+1.817%$941K$3.1M20xas long as short
Bulk MEGA-USDshort+0.0100%1h0.04579+1.979%$135K$4K10x
Gate MEGA_USDT+0.0100%4h0.04574+1.862%$203K$319K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04576+1.906%$818K$366K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04576+1.906%$239K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04575+1.884%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04574+1.862%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04569+1.754%$323K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04575+1.892%$18K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04568+1.728%$24K$229K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04576+1.906%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04570+1.773%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04576+1.914%$131K$829K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04572+1.811%$33xas long as short
Phoenix MEGA+0.0173%1h0.04579+1.973%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04573+1.839%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0687%1h0.04580+1.995%$18K$46K5xas long as short
Lighter MEGA+0.1296%1h0.04599+2.418%$650K$329K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1673%1h0.04585+2.116%$111$1525xas long as short
Hyperliquid MEGA+0.1842%1h0.04587+2.158%$7.9M$2.5M3xas long as short