Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.035%
Price spread now: Bulk against gTrade (Gains Network)+0.477%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.477% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) MEGA/USD | 0.04490 | L +0.0001% / S +0.0023% | pay 0.0000% / 1h | 40m 37s | $1K | — | 150x |
| Short | Bulk MEGA-USD | 0.04511 | 0.0100 | get 0.0013% / 1h | 40m 37s | $133K | $111 | 10x |
gTrade (Gains Network) MEGA/USD
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.88
- Price spread: +0.477% → 0.000%
- $47.72
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $49.6
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Bulk: live order book, 8 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 Bulk live order book, 8 min ago | 11.05 bp | 26.5 bp −$26 | 51.8 bp −$518 | 356.6 bp −$35.7K | 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 | +2.220% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0004% | 4h | 0.04474 | −0.353% | $3.5M | $5.8M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USDlong | L +0.0001% / S +0.0023% | 1h | 0.04490 | long leg | $1K | — | 150x | |
| BloFin MEGA-USDT | +0.0043% | 4h | 0.04505 | +0.338% | $200K | $93K | 50x | as long as short |
| Nado MEGA-PERP | +0.0066% | 1h | 0.04477 | −0.286% | $193K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04480 | −0.227% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04480 | −0.208% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04479 | −0.241% | $3.9M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04477 | −0.286% | $912K | $3.1M | 20x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04511 | +0.477% | $133K | $111 | 10x |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow 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 | −0.219% | $199K | $327K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04479 | −0.241% | $798K | $389K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04480 | −0.219% | $228K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04479 | −0.241% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04477 | −0.286% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04488 | −0.041% | $18K | $54K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04486 | −0.090% | $317K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04511 | +0.474% | $28K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04505 | +0.338% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04488 | −0.041% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04501 | +0.249% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04475 | −0.335% | $126K | $431K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04488 | −0.045% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04518 | +0.627% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04488 | −0.036% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0304% | 1h | 0.04498 | +0.182% | $627K | $352K | 3x | as long as short |
| Hyperliquid MEGA | +0.0471% | 1h | 0.04487 | −0.067% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0552% | 1h | 0.04494 | +0.093% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL