MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.4577%/8h= +501.2% APRnext payment +$5.72 per $10,000 · paid last 24h +1.092%

Price spread now: GMX against Deribit−0.227%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.227% cheaper against Deribit than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 4 hours of funding at the current rate (+$137 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MEGA_USDC-PERPETUAL	0.04491	0.0775	pay 0.0097% / 1h	40m 19s	$109	$15	25x
Short	GMX MEGA/USD [ETH-USDC]	0.04480	L +0.0237% / S −0.5353%	get 0.0669% / 1h	40m 19s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $961.25
Price spread: −0.227% → 0.000%: −$22.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $919.53
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—

Deribit and GMX: 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	+2.205%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0004%	4h	0.04482	−0.189%	$3.5M	$5.8M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04484	−0.155%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0043%	4h	0.04505	+0.323%	$200K	$93K	50x	as long as short
Nado MEGA-PERP	+0.0066%	1h	0.04477	−0.301%	$193K	$141K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04483	−0.169%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04480	−0.223%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04484	−0.146%	$3.9M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04485	−0.122%	$914K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04511	+0.462%	$133K	$111	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04480	−0.234%	$199K	$327K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04485	−0.122%	$800K	$389K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04485	−0.122%	$228K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04481	−0.212%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04484	−0.145%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04488	−0.056%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04486	−0.105%	$317K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	+0.459%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04505	+0.323%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04484	−0.145%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04486	−0.100%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04483	−0.159%	$126K	$431K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04476	−0.315%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04518	+0.612%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0237% / S −0.5353%	1h	0.04480	−0.227%	$3K	—	45x
Lighter MEGA	+0.0304%	1h	0.04506	+0.345%	$628K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0468%	1h	0.04487	−0.082%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUALlong	+0.0775%	1h	0.04491	long leg	$109	$15	25x