MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0776%/8h= +85.0% APRnext payment +$0.97 per $10,000 · paid last 24h +0.238%

Price spread now: Lighter against Extended+0.529%7-day average +0.322% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$3063.057% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.343%+$34 on $10k

Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.529%, 7d avg +0.322%

Together, before fees−0.150%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.208% dearer against Extended than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.322%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MEGA-USD	0.04592	0.0104	pay 0.0013% / 1h	33m 17s	$129K	$821K	5x
Short	Lighter MEGA	0.04616	0.0880	get 0.0110% / 1h	33m 17s	$653K	$341K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee ExtendedbpFee LighterbpOrdersPrice spread, now +0.529%Rate

Funding earned: $162.96
Price spread: +0.529% → +0.322%: $20.78
Slippage, 4 orders: −$300.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$121.96
Costs to cover: 3.057%
Break-even: 12.2 days

Slippage from Extended: live order book, 20 min ago; Lighter: live order book, 12 min ago.

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 Extended live order book, 20 min ago	5.44 bp	49.1 bp −$49	274.5 bp −$2,745	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	33.52 bp	77.0 bp −$77	doesn't fit	doesn't fit	doesn't fit

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	−0.0680%	1h	0.04589	−0.048%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0101%	4h	0.04591	−0.015%	$3.5M	$5.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	0.04606	+0.312%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04592	+0.002%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0080%	1h	0.04593	+0.018%	$198K	$144K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04593	+0.038%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04594	+0.044%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04594	+0.049%	$4.1M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04592	+0.007%	$937K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04599	+0.149%	$136K	$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	0.04593	+0.029%	$204K	$326K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04594	+0.050%	$805K	$375K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04594	+0.050%	$234K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04593	+0.029%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04591	−0.015%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04599	+0.163%	$325K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04595	+0.072%	$29K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04610	+0.399%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04592	+0.007%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04591	−0.015%	$2K	$1.9M	10x	as long as short
Extended MEGA-USDlong	+0.0104%	1h	0.04592	long leg	$129K	$821K	5x
BloFin MEGA-USDT	+0.0120%	4h	0.04595	+0.072%	$203K	$95K	50x	as long as short
Backpack MEGA_USDC_PERP	+0.0133%	1h	0.04596	+0.094%	$19K	$53K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04591	−0.022%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04591	−0.004%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0329%	1h	0.04600	+0.185%	$7.9M	$2.6M	3x	as long as short
Lighter MEGAshort	+0.0880%	1h	0.04616	+0.529%	$653K	$341K	3x
Deribit MEGA_USDC-PERPETUAL	+0.1165%	1h	0.04599	+0.161%	$111	$15	25x	as long as short