Funding you earn now, next payment 01:00 UTC−0.1180%/8h= −129.2% APRpaid last 24h −0.303%
Price spread now: Gate against Deribit−0.204%51s7-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 −$35 a day on $10k at the current rate, and Gate is 0.204% cheaper against Deribit than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | 0.04516 | 0.1280 | pay 0.0160% / 1h | 49m 29s | $109 | $15 | 25x |
| Short | Gate MEGA_USDT | 0.04507 | 0.0100 | get 0.0050% / 4h | 3h 49m | $197K | $312K | 20x |
Deribit MEGA_USDC-PERPETUAL
Gate MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$247.84
- Price spread: −0.204% → 0.000%
- −$20.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$290.21
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 18 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 Gate live order book, 18 min ago | 6.66 bp | 196.2 bp −$196 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04490 | −0.571% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04510 | −0.134% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04522 | +0.128% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0082% | 1h | 0.04512 | −0.104% | $195K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04513 | −0.081% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04512 | −0.102% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04509 | −0.159% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04511 | −0.115% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04506 | −0.226% | $921K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04527 | +0.240% | $134K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDTshort | +0.0100% | 4h | 0.04507 | −0.204% | $197K | $312K | 20x | |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04510 | −0.137% | $838K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04512 | −0.093% | $237K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04511 | −0.115% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04506 | −0.226% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04510 | −0.137% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04525 | +0.190% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04518 | +0.050% | $28K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04522 | +0.128% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04507 | −0.204% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04508 | −0.182% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04510 | −0.147% | $126K | $657K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0124% | 4h | 0.04527 | +0.239% | $195K | $77K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04511 | −0.108% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04509 | −0.164% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0776% | 1h | 0.04531 | +0.328% | $637K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.0794% | 1h | 0.04523 | +0.162% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALlong | +0.1280% | 1h | 0.04516 | long leg | $109 | $15 | 25x |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA