Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.045%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3153.152% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.045%, 7d avg +0.002%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04465	0.0100	pay 0.0050% / 4h	1h 55m	$190K	$310K	20x
Short	MEXC MEGA_USDT	0.04467	0.0100	get 0.0050% / 4h	1h 55m	$763K	$345K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.002%: $4.26
Slippage, 4 orders: −$300.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$310.96
Costs to cover: 3.152%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; MEXC: live order book, 20 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, 21 min ago	7.82 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	4.46 bp	11.7 bp −$12	66.1 bp −$661	206.9 bp −$20.7K	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	−0.0144%	1h	0.04490	+0.569%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04473	+0.186%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04474	+0.202%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0034%	1h	0.04476	+0.258%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04475	+0.224%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04466	+0.030%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04477	+0.273%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04470	+0.103%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04466	+0.022%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04466	+0.022%	$914K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04471	+0.142%	$132K	$5K	10x	as long as short
Gate MEGA_USDTlong	+0.0100%	4h	0.04465	long leg	$190K	$310K	20x
MEXC MEGA_USDTshort	+0.0100%	4h	0.04467	+0.045%	$763K	$345K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04468	+0.067%	$236K	$112K	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	0.04468	+0.067%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04472	+0.164%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04476	+0.244%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04475	+0.224%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04477	+0.269%	$2K	$1.9M	10x	as long as short
BloFin MEGA-USDT	+0.0102%	4h	0.04472	+0.157%	$197K	$76K	50x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04469	+0.085%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04476	+0.251%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04473	+0.186%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0779%	1h	0.04478	+0.291%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.1536%	1h	0.04496	+0.694%	$622K	$310K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1537%	1h	0.04484	+0.417%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1543%	1h	0.04481	+0.354%	$7.6M	$2.4M	3x	as long as short