MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h +0.005%

Price spread now: Reya against GMX+0.100%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.100% dearer against GMX than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04415	L +0.0235% / S −0.5353%	pay 0.0029% / 1h	44m 09s	$3K	—	45x
Short	Reya MEGARUSDPERP	0.04419	0.0159	get 0.0020% / 1h	44m 09s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.100%Rate

Funding earned: −$16.07
Price spread: +0.100% → 0.000%: $10.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$24.05
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Reya: 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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	−0.0288%	1h	0.04400	−0.331%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04416	+0.025%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04425	+0.229%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0080%	1h	0.04416	+0.036%	$191K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04417	+0.048%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04418	+0.072%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04419	+0.086%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04423	+0.172%	$3.9M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04420	+0.116%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04418	+0.070%	$905K	$2.8M	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	0.04450	+0.795%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04418	+0.070%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04418	+0.070%	$773K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04418	+0.070%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04425	+0.229%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04421	+0.138%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04422	+0.161%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04419	+0.082%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04425	+0.229%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04421	+0.138%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04419	+0.093%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04418	+0.069%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0156%	4h	0.04428	+0.297%	$198K	$75K	50x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04419	+0.100%	$3	—	3x
GMX MEGA/USD [ETH-USDC]long	L +0.0235% / S −0.5353%	1h	0.04415	long leg	$3K	—	45x
Hyperliquid MEGA	+0.1284%	1h	0.04430	+0.353%	$7.5M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1290%	1h	0.04424	+0.197%	$107	$15	25x	as long as short
Lighter MEGA	+0.1720%	1h	0.04440	+0.569%	$597K	$299K	3x	as long as short