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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h −0.306%
Price spread now: gTrade (Gains Network) against Coinbase International+0.937%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 +$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.937% dearer against Coinbase International than usual: you sell high and buy low: +$94 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-INTX0.04400−0.0288get 0.0036% / 1h57m 38s$5K$11K50x
ShortgTrade (Gains Network) MEGA/USD0.04442L −0.0018% / S +0.0023%pay 0.0003% / 1h57m 38s$12K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$55.71
Price spread: +0.937% → 0.000%
$93.74
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
$127.46
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample
Coinbase International and gTrade (Gains Network): 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−0.0288%1h0.04400long leg$5K$11K50x
gTrade (Gains Network) MEGA/USDshortL −0.0018% / S +0.0023%1h0.04442+0.937%$12K150x
Phoenix MEGA0.0000%1h0.04461+1.379%$20K$6K5xas long as short
Nado MEGA-PERP+0.0036%1h0.04437+0.845%$192K$158K2xas long as short
BloFin MEGA-USDT+0.0060%4h0.04454+1.220%$198K$76K50xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04439+0.879%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04439+0.872%$20K$81K5xas long as short
Pacifica MEGA+0.0100%1h0.04439+0.868%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04435+0.791%$4.0M$12.8M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04434+0.766%$3.4M$4.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MEGA-USDT-SWAP+0.0100%4h0.04433+0.743%$907K$2.9M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04460+1.357%$132K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04435+0.789%$189K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04433+0.743%$782K$349K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04436+0.811%$228K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04438+0.857%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04433+0.743%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04439+0.879%$14K$41K5xas long as short
Variational Omni MEGA+0.0100%4h0.04458+1.313%$241K$107Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04452+1.175%$27K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04449+1.107%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04445+1.016%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04435+0.789%$126K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04437+0.825%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0235% / S −0.5353%1h0.04440+0.904%$3K45xas long as short
Hyperliquid MEGA+0.0918%1h0.04448+1.095%$7.6M$2.4M3xas long as short
Lighter MEGA+0.1032%1h0.04459+1.334%$600K$299K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1349%1h0.04447+1.068%$108$1525xas long as short