Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.040%

Price spread now: BloFin against gTrade (Gains Network)−0.134%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

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. BloFin is 0.134% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04486	L +0.0001% / S +0.0023%	pay 0.0000% / 1h	38m 57s	$1K	—	150x
Short	BloFin MEGA-USDT	0.04480	0.0087	get 0.0043% / 4h	2h 38m	$199K	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $18.11
Price spread: −0.134% → 0.000%: −$13.37
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.27
Costs to cover: 0.240%
Break-even: 14.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 42 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 42 min ago	8.74 bp	30.4 bp −$30	87.1 bp −$871	doesn't fit	doesn't fit

gTrade (Gains Network): 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	+2.307%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0012%	4h	0.04485	−0.022%	$3.4M	$5.8M	20x	as long as short
gTrade (Gains Network) MEGA/USDlong	L +0.0001% / S +0.0023%	1h	0.04486	long leg	$1K	—	150x
Nado MEGA-PERP	+0.0064%	1h	0.04483	−0.056%	$193K	$142K	2x	as long as short
BloFin MEGA-USDTshort	+0.0087%	4h	0.04480	−0.134%	$199K	$92K	50x
Aster MEGAUSDT	+0.0100%	4h	0.04486	−0.006%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04489	+0.067%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04486	−0.005%	$3.9M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04486	0.000%	$913K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04511	+0.563%	$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	0.04485	−0.022%	$201K	$329K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04489	+0.067%	$795K	$389K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04485	−0.022%	$228K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04488	+0.045%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04487	+0.022%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04489	+0.067%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04486	−0.004%	$317K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04491	+0.100%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04482	−0.089%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04487	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04483	−0.067%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04488	+0.041%	$126K	$431K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04489	+0.063%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04487	+0.022%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04485	−0.013%	$3K	—	45x	as long as short
Lighter MEGA	+0.0304%	1h	0.04506	+0.446%	$628K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0484%	1h	0.04492	+0.145%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1020%	1h	0.04494	+0.176%	$109	$15	25x	as long as short