Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Gate−0.109%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$468as in the Funding arb table
Net, price: spread back to 7d avg − costs−$465as in the Price arb table
costs, in and out, $10k−$4564.559% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.109%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.089% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MEGA_USDT | 0.04597 | 0.0100 | pay 0.0050% / 4h | 6m 43s | $199K | $321K | 20x |
| Short | Bybit MEGAUSDT | 0.04592 | 0.0100 | get 0.0050% / 4h | 6m 43s | $3.6M | $5.7M | 20x |
Gate MEGA_USDT
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $0
- Price spread: −0.109% → −0.020%
- −$8.85
- Slippage, 4 orders
- −$429.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$464.77
- Costs to cover
- 4.559%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; Bybit: live order book, 1 min ago.
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 Gate live order book, 45 min ago | 8.72 bp | 220.2 bp −$220 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.18 bp | 35.5 bp −$36 | 121.9 bp −$1,219 | doesn't fit | doesn't fit |
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 | −0.0744% | 1h | 0.04589 | −0.163% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04602 | +0.103% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0077% | 1h | 0.04601 | +0.087% | $198K | $143K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04598 | +0.033% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04597 | 0.000% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04597 | +0.009% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04592 | −0.109% | $3.6M | $5.7M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04589 | −0.174% | $940K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04630 | +0.713% | $137K | $111 | 10x | as long as short |
| Gate MEGA_USDTlong | +0.0100% | 4h | 0.04597 | long leg | $199K | $321K | 20x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04597 | 0.000% | $807K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04597 | 0.000% | $234K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04596 | −0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04592 | −0.109% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04627 | +0.645% | $327K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04621 | +0.528% | $26K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04623 | +0.566% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04602 | +0.109% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04602 | +0.109% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04591 | −0.137% | $129K | $821K | 5x | as long as short |
| Hyperliquid MEGA | +0.0148% | 1h | 0.04606 | +0.198% | $8.0M | $2.6M | 3x | as long as short |
| BloFin MEGA-USDT | +0.0149% | 4h | 0.04607 | +0.218% | $203K | $95K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04599 | +0.038% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04626 | +0.631% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04603 | +0.135% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0471% | 1h | 0.04606 | +0.196% | $18K | $53K | 5x | as long as short |
| Lighter MEGA | +0.0592% | 1h | 0.04620 | +0.500% | $654K | $340K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0923% | 1h | 0.04609 | +0.250% | $112 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Hyperliquid MEGA
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL