Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h +0.036%

Price spread now: Orderly against gTrade (Gains Network)+0.016%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Orderly

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04512	L −0.0018% / S +0.0023%	get 0.0002% / 1h	30m 54s	$12K	—	150x
Short	Orderly PERP_MEGA_USDC	0.04513	0.0100	get 0.0050% / 4h	30m 54s	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.016%Rate

Funding earned: $24.67
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.28
Costs to cover: 0.180%
Break-even: 4.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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
gTrade (Gains Network) MEGA/USDlong	L −0.0018% / S +0.0023%	1h	0.04512	long leg	$12K	—	150x
Nado MEGA-PERP	+0.0096%	1h	0.04509	−0.061%	$195K	$135K	2x	as long as short
Orderly PERP_MEGA_USDCshort	+0.0100%	4h	0.04513	+0.016%	$3K	$2K	10x
Aster MEGAUSDT	+0.0100%	4h	0.04511	−0.018%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04509	−0.066%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04512	−0.006%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04509	−0.072%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04510	−0.050%	$919K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04505	−0.161%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04510	−0.050%	$193K	$310K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04512	−0.006%	$768K	$352K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04512	−0.006%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04512	−0.006%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04510	−0.050%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04508	−0.084%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04523	+0.228%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04516	+0.083%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04516	+0.083%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04512	−0.012%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0135%	4h	0.04512	−0.006%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04514	+0.038%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04513	+0.016%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.485%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04510	−0.050%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0629%	1h	0.04516	+0.083%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1164%	1h	0.04521	+0.200%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1412%	1h	0.04521	+0.182%	$109	$15	25x	as long as short
Lighter MEGA	+0.1512%	1h	0.04534	+0.482%	$638K	$319K	3x	as long as short