Funding you earn now, next payment 21:00 UTC−0.1527%/8h= −167.2% APRpaid last 24h −0.275%
Price spread now: Binance against Deribit−0.634%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Binance is 0.634% cheaper against Deribit than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MEGA_USDC-PERPETUAL | 0.04483 | 0.1627 | pay 0.0203% / 1h | 29m 20s | $108 | $15 | 25x |
| Short | Binance MEGAUSDT | 0.04454 | 0.0100 | get 0.0050% / 4h | 3h 29m | $4.0M | $12.9M | 50x |
Deribit MEGA_USDC-PERPETUAL
Binance MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$320.75
- Price spread: −0.634% → 0.000%
- −$63.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$401.12
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 2 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 2.23 bp | 21.2 bp −$21 | 115.6 bp −$1,156 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04455 | −0.624% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04484 | +0.029% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0052% | 1h | 0.04455 | −0.618% | $192K | $159K | 2x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0093% | 1h | 0.04473 | −0.216% | $14K | $41K | 5x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0096% | 4h | 0.04453 | −0.663% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04464 | −0.409% | $21K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04464 | −0.406% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.0100% | 4h | 0.04454 | −0.634% | $4.0M | $12.9M | 50x | |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04453 | −0.663% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04450 | −0.729% | $910K | $2.9M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Backpack MEGA_USDC_PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04480 | −0.059% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04457 | −0.573% | $211K | $287K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04453 | −0.663% | $771K | $357K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04457 | −0.573% | $230K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04453 | −0.663% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04452 | −0.685% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04479 | −0.073% | $242K | $107K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04483 | +0.006% | $19K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04487 | +0.096% | $25K | $228K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04476 | −0.149% | $2K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDT | +0.0101% | 4h | 0.04488 | +0.118% | $200K | $77K | 50x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04452 | −0.683% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04454 | −0.651% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04453 | −0.667% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0384% | 1h | 0.04400 | −1.838% | $5K | $11K | 50x | as long as short |
| Lighter MEGA | +0.0704% | 1h | 0.04485 | +0.051% | $603K | $301K | 3x | as long as short |
| Hyperliquid MEGA | +0.0751% | 1h | 0.04468 | −0.323% | $7.6M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALlong | +0.1627% | 1h | 0.04483 | long leg | $108 | $15 | 25x |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
BloFin MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Lighter MEGA
Hyperliquid MEGA