Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h −0.255%

Price spread now: MEXC against Coinbase International−0.499%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 MEXC

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. MEXC is 0.499% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.499% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$50 on $10k: about 6.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04490	−0.0144	get 0.0018% / 1h	54m 18s	$5K	$12K	50x
Short	MEXC MEGA_USDT	0.04468	0.0100	get 0.0050% / 4h	1h 54m	$763K	$345K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.499%Rate

Funding earned: $51.24
Price spread: −0.499% → 0.000%: −$49.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.64
Costs to cover: 0.100%
Break-even: 8.2 days

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 21 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 MEXC live order book, 21 min ago	4.46 bp	11.7 bp −$12	66.1 bp −$661	206.9 bp −$20.7K	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	−0.0144%	1h	0.04490	long leg	$5K	$12K	50x
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04467	−0.515%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04474	−0.365%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0058%	1h	0.04470	−0.443%	$193K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04467	−0.521%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04471	−0.426%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04471	−0.428%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04469	−0.486%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04467	−0.521%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04465	−0.566%	$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	0.04471	−0.425%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04468	−0.499%	$190K	$310K	20x	as long as short
MEXC MEGA_USDTshort	+0.0100%	4h	0.04468	−0.499%	$763K	$345K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04468	−0.499%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04468	−0.499%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04467	−0.521%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04473	−0.385%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04471	−0.433%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04467	−0.521%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04470	−0.454%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04468	−0.504%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0129%	4h	0.04472	−0.410%	$197K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04468	−0.495%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04467	−0.521%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0829%	1h	0.04475	−0.343%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1138%	1h	0.04474	−0.361%	$108	$15	25x	as long as short
Hyperliquid MEGA	+0.1467%	1h	0.04480	−0.241%	$7.6M	$2.3M	3x	as long as short
Lighter MEGA	+0.1496%	1h	0.04489	−0.031%	$621K	$311K	3x	as long as short