Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.037%

Price spread now: gTrade (Gains Network) against Gate+0.159%7-day average — · you sell dearer than you buy

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

Long on Gate Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.159% dearer against Gate than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04504	0.0100	pay 0.0050% / 4h	12m 10s	$196K	$313K	20x
Short	gTrade (Gains Network) MEGA/USD	0.04511	L −0.0018% / S +0.0023%	pay 0.0003% / 1h	12m 10s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.159%Rate

Funding earned: −$25.77
Price spread: +0.159% → 0.000%: $15.94
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$36.83
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 60 min ago; gTrade (Gains Network): 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 Gate live order book, 60 min ago	8.93 bp	139.6 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) MEGA/USDshort	L −0.0018% / S +0.0023%	1h	0.04511	+0.159%	$12K	—	150x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04511	+0.155%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04512	+0.188%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04505	+0.020%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	+0.166%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04509	+0.111%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	+0.044%	$919K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04520	+0.355%	$133K	$4K	10x	as long as short
Gate MEGA_USDTlong	+0.0100%	4h	0.04504	long leg	$196K	$313K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04511	+0.155%	$764K	$354K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04513	+0.200%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04512	+0.178%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04511	+0.155%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04515	+0.241%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04520	+0.355%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04519	+0.333%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04512	+0.178%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04510	+0.125%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0104%	1h	0.04514	+0.211%	$195K	$135K	2x	as long as short
BloFin MEGA-USDT	+0.0120%	4h	0.04503	−0.022%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04512	+0.175%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04512	+0.189%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.302%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04514	+0.222%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0448%	1h	0.04506	+0.044%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0958%	1h	0.04520	+0.351%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1213%	1h	0.04519	+0.337%	$109	$15	25x	as long as short
Lighter MEGA	+0.1336%	1h	0.04533	+0.644%	$637K	$320K	3x	as long as short