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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h −0.238%
Price spread now: Extended against Coinbase International−0.397%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.397% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 5.3 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MEGA-PERP-INTX0.04490−0.0144get 0.0018% / 1h15m 19s$5K$12K50x
ShortExtended MEGA-USD0.044730.0104get 0.0013% / 1h15m 19s$127K$613K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$52.08
Price spread: −0.397% → 0.000%
−$39.68
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$2.6
Costs to cover
0.150%
Break-even
7.3 days
Slippage unknown: Coinbase International: no order-book sample; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 3 min ago3.36 bp53.9 bp −$54340.2 bp −$3,402doesn'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 28 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−0.0144%1h0.04490long leg$5K$12K50x
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04471−0.442%$12K150xas long as short
Nado MEGA-PERP+0.0052%1h0.04473−0.376%$193K$145K2xas long as short
Orderly PERP_MEGA_USDC+0.0099%4h0.04471−0.432%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04471−0.424%$18K$82K5xas long as short
Pacifica MEGA+0.0100%1h0.04473−0.396%$14K$8K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04475−0.335%$3.9M$12.8M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04470−0.454%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04474−0.365%$909K$2.9M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04470−0.454%$132K$5K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04468−0.499%$191K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04471−0.432%$758K$351K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04475−0.343%$236K$113K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04473−0.387%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04470−0.454%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04468−0.489%$224K$133Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04470−0.460%$27K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04469−0.477%$24K$230K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04473−0.387%$1K$1.9M10xas long as short
Extended MEGA-USDshort+0.0104%1h0.04473−0.397%$127K$613K5x
BloFin MEGA-USDT+0.0153%4h0.04476−0.321%$195K$76K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04473−0.390%$33xas long as short
Phoenix MEGA+0.0179%1h0.04479−0.254%$20K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04470−0.463%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0439%1h0.04476−0.321%$18K$41K5xas long as short
Hyperliquid MEGA+0.1275%1h0.04480−0.241%$7.6M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1517%1h0.04478−0.267%$108$1525xas long as short
Lighter MEGA+0.2640%1h0.04495+0.102%$632K$323K3xas long as short