Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.016%

Price spread now: GRVT against gTrade (Gains Network)−0.064%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.064% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04465	L −0.0018% / S +0.0023%	get 0.0002% / 1h	23m 05s	$12K	—	150x
Short	GRVT MEGA_USDT_Perp	0.04462	0.0100	get 0.0050% / 4h	1h 23m	$27K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.064%Rate

Funding earned: $24.71
Price spread: −0.064% → 0.000%: −$6.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2.71
Costs to cover: 0.210%
Break-even: 7.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 5 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 GRVT live order book, 5 min ago	3.37 bp	37.6 bp −$38	doesn't fit	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	−0.0144%	1h	0.04490	+0.569%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USDlong	L −0.0018% / S +0.0023%	1h	0.04465	long leg	$12K	—	150x
Nado MEGA-PERP	+0.0052%	1h	0.04467	+0.056%	$193K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04464	−0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04465	+0.009%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04464	−0.031%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04467	+0.045%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04463	−0.045%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04463	−0.045%	$910K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04453	−0.260%	$131K	$5K	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	0.04463	−0.045%	$191K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04465	0.000%	$752K	$348K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04464	−0.022%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04467	+0.045%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04464	−0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04451	−0.304%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perpshort	+0.0100%	4h	0.04462	−0.064%	$27K	$1.7M	10x
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04459	−0.134%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04467	+0.045%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04465	+0.003%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0135%	4h	0.04465	0.000%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04467	+0.055%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04460	−0.112%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04463	−0.038%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0367%	1h	0.04467	+0.045%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1338%	1h	0.04473	+0.188%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1833%	1h	0.04474	+0.193%	$108	$15	25x	as long as short
Lighter MEGA	+0.2872%	1h	0.04486	+0.470%	$631K	$323K	3x	as long as short