Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended−0.703%7-day average +0.034% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.983%+$98 · spread now −0.703%, 7d avg +0.034%

Together, before fees+0.977%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$98 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: Variational Omni is 0.737% cheaper against Extended than usual: you would sell low and buy high, −$74 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MEGA-USD	0.04512	0.0104	pay 0.0013% / 1h	2m 38s	$128K	$613K	5x
Short	Variational Omni MEGA	0.04480	0.0100	get 0.0050% / 4h	1h 02m	$225K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.703%Rate

Funding earned: −$0.84
Price spread: −0.703% → +0.034%: −$73.71
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$79.55
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 15 min ago; Variational Omni: RFQ quote, 16 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 Extended live order book, 15 min ago	3.36 bp	47.5 bp −$48	280.1 bp −$2,801	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 16 min ago	4.47 bp	doesn't fit	138.7 bp −$1,387	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	−0.0144%	1h	0.04490	−0.481%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04500	−0.264%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0057%	4h	0.04500	−0.269%	$194K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04499	−0.280%	$194K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04500	−0.269%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04509	−0.080%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04513	+0.015%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04513	+0.020%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04508	−0.091%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04513	+0.020%	$916K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04484	−0.632%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04510	−0.047%	$193K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04512	−0.003%	$774K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04511	−0.025%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04511	−0.025%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04511	−0.025%	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	0.04480	−0.703%	$225K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04496	−0.357%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04483	−0.645%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04503	−0.202%	$1K	$1.9M	10x	as long as short
Extended MEGA-USDlong	+0.0104%	1h	0.04512	long leg	$128K	$613K	5x
Reya MEGARUSDPERP	+0.0159%	1h	0.04502	−0.215%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04492	−0.446%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04500	−0.269%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0497%	1h	0.04512	−0.003%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1180%	1h	0.04521	+0.206%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1461%	1h	0.04509	−0.074%	$109	$15	25x	as long as short
Lighter MEGA	+0.2376%	1h	0.04532	+0.441%	$637K	$323K	3x	as long as short