Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.034%

Price spread now: MEXC against GMX−0.013%7-day average — · you buy dearer than you sell

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

Long on GMX Short on MEXC

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 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04642	L +0.0238% / S −0.5353%	pay 0.0030% / 1h	29m 22s	$3K	—	45x
Short	MEXC MEGA_USDT	0.04641	0.0100	get 0.0050% / 4h	29m 22s	$819K	$376K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee GMXbpFee MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$28.98
Price spread: −0.013% → 0.000%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 21 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 21 min ago	4.37 bp	11.7 bp −$12	62.0 bp −$620	216.9 bp −$21.7K	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0744%	1h	0.04589	−1.122%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04640	−0.034%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0054%	1h	0.04639	−0.056%	$201K	$142K	2x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04650	+0.187%	$8.0M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04637	−0.102%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04636	−0.121%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04642	+0.004%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04641	−0.013%	$3.6M	$5.7M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04638	−0.078%	$950K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04590	−1.112%	$136K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04640	−0.034%	$201K	$321K	20x	as long as short
MEXC MEGA_USDTshort	+0.0100%	4h	0.04641	−0.013%	$819K	$376K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04637	−0.099%	$238K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04639	−0.056%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04639	−0.056%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04617	−0.526%	$326K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04628	−0.293%	$23K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04621	−0.444%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04640	−0.034%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04631	−0.228%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04635	−0.147%	$132K	$824K	5x	as long as short
BloFin MEGA-USDT	+0.0116%	4h	0.04603	−0.832%	$203K	$95K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04640	−0.040%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04613	−0.616%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0238% / S −0.5353%	1h	0.04642	long leg	$3K	—	45x
Backpack MEGA_USDC_PERP	+0.0477%	1h	0.04639	−0.056%	$19K	$50K	5x	as long as short
Lighter MEGA	+0.0552%	1h	0.04657	+0.332%	$659K	$340K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0678%	1h	0.04637	−0.090%	$112	$15	25x	as long as short