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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.5371%/8h= +588.1% APRnext payment +$6.71 per $10,000 · paid last 24h +1.054%
Price spread now: GMX against gTrade (Gains Network)−0.008%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$161 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) MEGA/USD0.04418L −0.0018% / S +0.0023%get 0.0002% / 1h45m 13s$12K150x
ShortGMX MEGA/USD [ETH-USDC]0.04417L +0.0235% / S −0.5353%get 0.0669% / 1h45m 13s$3K45x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$1,127.81
Price spread: −0.008% → 0.000%
−$0.77
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$1,103.04
Costs to cover
0.240%
Break-even
0.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0288%1h0.04400−0.393%$5K$11K50xas long as short
gTrade (Gains Network) MEGA/USDlongL −0.0018% / S +0.0023%1h0.04418long leg$12K150x
Phoenix MEGA0.0000%1h0.04425+0.167%$20K$7K5xas long as short
Nado MEGA-PERP+0.0080%1h0.04419+0.019%$191K$151K2xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04419+0.031%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04419+0.023%$19K$80K5xas long as short
Pacifica MEGA+0.0100%1h0.04419+0.038%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04420+0.044%$3.9M$12.7M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04418+0.008%$3.4M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04416−0.037%$905K$2.8M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04450+0.733%$131K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04418+0.008%$188K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04419+0.031%$773K$351K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04421+0.076%$228K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04422+0.099%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04418+0.008%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04422+0.099%$15K$39K5xas long as short
Variational Omni MEGA+0.0100%4h0.04419+0.020%$235K$109Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04425+0.167%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04421+0.076%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04420+0.053%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04419+0.033%$126K$613K5xas long as short
BloFin MEGA-USDT+0.0156%4h0.04428+0.235%$198K$75K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04421+0.068%$33xas long as short
GMX MEGA/USD [ETH-USDC]shortL +0.0235% / S −0.5353%1h0.04417−0.008%$3K45x
Deribit MEGA_USDC-PERPETUAL+0.1266%1h0.04426+0.187%$107$1525xas long as short
Hyperliquid MEGA+0.1304%1h0.04431+0.300%$7.5M$2.4M3xas long as short
Lighter MEGA+0.1688%1h0.04439+0.484%$597K$299K3xas long as short