Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended−0.136%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1411.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.136%, 7d avg +0.039%
Together, before fees+0.167%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.175% cheaper against Extended than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MEGA-USD0.044740.0104pay 0.0013% / 1h30m 03s$127K$613K5x
ShortBinance MEGAUSDT0.044680.0100get 0.0050% / 4h3h 30m$4.0M$12.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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

Funding earned
−$0.84
Price spread: −0.136% → +0.039%
−$17.47
Slippage, 4 orders
−$125.77
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$159.08
Costs to cover
1.408%
Break-even
never at this rate
Slippage from Extended: live order book, 18 min ago; Binance: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 18 min ago3.36 bp46.1 bp −$46271.6 bp −$2,716doesn't fitdoesn't fit
Sell Binance live order book, 16 min ago1.12 bp22.0 bp −$2295.0 bp −$950doesn't fitdoesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04474+0.009%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04484+0.233%$20K$7K5xas long as short
Nado MEGA-PERP+0.0049%1h0.04477+0.076%$193K$159K2xas long as short
Backpack MEGA_USDC_PERP+0.0093%1h0.04473−0.013%$14K$41K5xas long as short
Orderly PERP_MEGA_USDC+0.0096%4h0.04474+0.009%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04475+0.025%$21K$80K5xas long as short
Pacifica MEGA+0.0100%1h0.04480+0.136%$14K$10K3xas long as short
Binance MEGAUSDTshort+0.0100%4h0.04468−0.136%$4.0M$12.9M50x
Bybit MEGAUSDT+0.0100%4h0.04467−0.147%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04469−0.103%$914K$2.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04480+0.144%$132K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04472−0.036%$212K$287K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04471−0.058%$774K$357K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04475+0.031%$231K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04470−0.080%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04468−0.125%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04479+0.130%$242K$107Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04483+0.210%$19K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04487+0.300%$25K$228K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04476+0.054%$2K$1.9M10xas long as short
BloFin MEGA-USDT+0.0101%4h0.04488+0.322%$200K$77K50xas long as short
Extended MEGA-USDlong+0.0104%1h0.04474long leg$127K$613K5x
Reya MEGARUSDPERP+0.0159%1h0.04475+0.024%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0235% / S −0.5353%1h0.04474+0.005%$3K45xas long as short
Coinbase International MEGA-PERP-INTX+0.0384%1h0.04400−1.638%$5K$11K50xas long as short
Lighter MEGA+0.0712%1h0.04494+0.456%$604K$301K3xas long as short
Hyperliquid MEGA+0.0749%1h0.04483+0.206%$7.6M$2.5M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1627%1h0.04483+0.203%$108$1525xas long as short