Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0258%/8h= −28.2% APRnext payment $0.32 per $10,000 · paid last 24h −0.050%
Price spread now: gTrade (Gains Network) against GMX+0.037%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX MEGA/USD [ETH-USDC]0.04422L +0.0235% / S −0.5353%pay 0.0029% / 1h47m 03s$3K45x
ShortgTrade (Gains Network) MEGA/USD0.04424L −0.0018% / S +0.0023%pay 0.0003% / 1h47m 03s$12K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GMX. 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

Funding earned
−$54.17
Price spread: +0.037% → 0.000%
$3.66
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
−$74.51
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0288%1h0.04400−0.495%$5K$11K50xas long as short
gTrade (Gains Network) MEGA/USDshortL −0.0018% / S +0.0023%1h0.04424+0.037%$12K150x
Phoenix MEGA0.0000%1h0.04430+0.176%$20K$7K5xas long as short
Nado MEGA-PERP+0.0076%1h0.04426+0.075%$191K$151K2xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04424+0.041%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04425+0.067%$19K$80K5xas long as short
Pacifica MEGA+0.0100%1h0.04427+0.102%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04423+0.018%$3.9M$12.7M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04420−0.050%$3.4M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04422−0.005%$906K$2.8M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04450+0.629%$131K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04422−0.005%$189K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04423+0.018%$775K$350K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04425+0.063%$228K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04424+0.041%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04423+0.018%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04425+0.063%$15K$39K5xas long as short
Variational Omni MEGA+0.0100%4h0.04427+0.098%$236K$109Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04427+0.101%$27K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04425+0.063%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04426+0.086%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04425+0.066%$126K$613K5xas long as short
BloFin MEGA-USDT+0.0105%4h0.04428+0.131%$198K$75K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04426+0.077%$33xas long as short
GMX MEGA/USD [ETH-USDC]longL +0.0235% / S −0.5353%1h0.04422long leg$3K45x
Deribit MEGA_USDC-PERPETUAL+0.1219%1h0.04431+0.194%$107$1525xas long as short
Hyperliquid MEGA+0.1376%1h0.04434+0.269%$7.5M$2.4M3xas long as short
Lighter MEGA+0.1632%1h0.04443+0.470%$597K$299K3xas long as short