Funding you earn now, next payment 06:00 UTC−0.0973%/8h= −106.5% APRnext payment −$1.22 per $10,000 · paid last 24h −0.350%
Price spread now: Bulk against Deribit−0.139%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$29 a day on $10k at the current rate, and Bulk is 0.139% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MEGA_USDC-PERPETUAL | 0.04541 | 0.1073 | pay 0.0134% / 1h | 1m 00s | $110 | $15 | 25x |
| Short | Bulk MEGA-USD | 0.04535 | 0.0100 | get 0.0013% / 1h | 1m 00s | $134K | $111 | 10x |
Deribit MEGA_USDC-PERPETUAL
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$204.32
- Price spread: −0.139% → 0.000%
- −$13.87
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$232.19
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bulk: live order book, 48 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 Bulk live order book, 48 min ago | 11.05 bp | 26.5 bp −$26 | 51.8 bp −$518 | 356.6 bp −$35.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04589 | +1.061% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0020% | 4h | 0.04534 | −0.161% | $3.4M | $5.9M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04534 | −0.170% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04532 | −0.194% | $195K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0078% | 4h | 0.04537 | −0.095% | $200K | $94K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.146% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04537 | −0.090% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04536 | −0.123% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04530 | −0.249% | $917K | $3.2M | 20x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04535 | −0.139% | $134K | $111 | 10x |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04534 | −0.161% | $205K | $334K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04536 | −0.117% | $796K | $409K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04535 | −0.139% | $227K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.139% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04536 | −0.117% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04536 | −0.112% | $320K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04540 | −0.035% | $30K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04536 | −0.117% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04535 | −0.139% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04533 | −0.183% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04533 | −0.180% | $127K | $410K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04534 | −0.167% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04540 | −0.029% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04533 | −0.187% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0281% | 1h | 0.04538 | −0.073% | $18K | $56K | 5x | as long as short |
| Hyperliquid MEGA | +0.0351% | 1h | 0.04542 | +0.024% | $7.8M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0384% | 1h | 0.04556 | +0.324% | $616K | $374K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALlong | +0.1073% | 1h | 0.04541 | long leg | $110 | $15 | 25x |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Lighter MEGA