Funding you earn now, next payment 02:00 UTC−0.1573%/8h= −172.2% APRpaid last 24h −0.328%
Price spread now: Bybit against Deribit−0.118%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 −$47 a day on $10k at the current rate, and Bybit is 0.118% cheaper against Deribit than usual: you would sell low and buy high (−$12 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 | 0.04585 | 0.1673 | pay 0.0209% / 1h | 11m 24s | $111 | $15 | 25x |
| Short | Bybit MEGAUSDT | 0.04580 | 0.0100 | get 0.0050% / 4h | 2h 11m | $3.6M | $5.5M | 20x |
Deribit MEGA_USDC-PERPETUAL
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$330.29
- Price spread: −0.118% → 0.000%
- −$11.78
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$360.07
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 2.19 bp | 31.7 bp −$32 | 135.9 bp −$1,359 | 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 27 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 | −0.0432% | 1h | 0.04490 | −2.072% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04572 | −0.296% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04573 | −0.270% | $197K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04573 | −0.281% | $18K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04572 | −0.290% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04576 | −0.205% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04580 | −0.118% | $3.6M | $5.5M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04584 | −0.031% | $940K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04579 | −0.134% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04570 | −0.336% | $203K | $319K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04572 | −0.292% | $817K | $366K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04574 | −0.249% | $239K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04572 | −0.292% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04578 | −0.161% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04569 | −0.354% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04574 | −0.256% | $18K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04571 | −0.314% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04580 | −0.118% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04570 | −0.336% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04572 | −0.296% | $131K | $829K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04572 | −0.298% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04579 | −0.140% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04572 | −0.284% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0687% | 1h | 0.04580 | −0.118% | $18K | $46K | 5x | as long as short |
| Lighter MEGA | +0.1288% | 1h | 0.04594 | +0.188% | $649K | $329K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALlong | +0.1673% | 1h | 0.04585 | long leg | $111 | $15 | 25x | |
| Hyperliquid MEGA | +0.1840% | 1h | 0.04584 | −0.026% | $7.9M | $2.5M | 3x | as long as short |
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
Lighter MEGA
Hyperliquid MEGA