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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.008%
Price spread now: Gate against GMX+0.013%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 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX MEGA/USD [ETH-USDC]0.04457L +0.0235% / S −0.5353%pay 0.0029% / 1h14m 47s$3K45x
ShortGate MEGA_USDT0.044580.0100get 0.0050% / 4h3h 14m$211K$287K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$28.45
Price spread: +0.013% → 0.000%
$1.35
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$54.1
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Gate: live order book, 9 min ago. 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 Gate live order book, 9 min ago2.24 bp141.8 bp −$142doesn't fitdoesn't fitdoesn't fit
GMX: 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
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04459+0.026%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04459+0.036%$20K$7K5xas long as short
Nado MEGA-PERP+0.0059%1h0.04461+0.092%$193K$159K2xas long as short
BloFin MEGA-USDT+0.0060%4h0.04460+0.058%$199K$76K50xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04459+0.036%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04459+0.045%$20K$81K5xas long as short
Pacifica MEGA+0.0100%1h0.04462+0.108%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04460+0.058%$4.0M$12.9M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04460+0.058%$3.4M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04457−0.009%$913K$2.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04460+0.058%$132K$5K10xas long as short
Gate MEGA_USDTshort+0.0100%4h0.04458+0.013%$211K$287K20x
MEXC MEGA_USDT+0.0100%4h0.04459+0.036%$792K$365K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04462+0.103%$230K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04461+0.081%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04459+0.036%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04462+0.103%$14K$41K5xas long as short
Variational Omni MEGA+0.0100%4h0.04454−0.086%$240K$107Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04456−0.038%$23K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04453−0.099%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04459+0.036%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04459+0.039%$126K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04460+0.050%$33xas long as short
GMX MEGA/USD [ETH-USDC]longL +0.0235% / S −0.5353%1h0.04457long leg$3K45x
Coinbase International MEGA-PERP-INTX+0.0384%1h0.04400−1.281%$5K$11K50xas long as short
Lighter MEGA+0.0864%1h0.04480+0.507%$602K$301K3xas long as short
Hyperliquid MEGA+0.0991%1h0.04473+0.361%$7.6M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1208%1h0.04465+0.179%$108$1525xas long as short