Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against GRVT+0.095%7-day average −0.049% · you sell dearer than you buy

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

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−1.000%−$100 · spread now +0.095%, 7d avg −0.049%

Together, before fees−0.980%+ Points / potential airdropGRVT: Active · farm board−$98 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: BingX is 0.144% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MEGA_USDT_Perp	0.04574	0.0100	pay 0.0050% / 4h	2h 11m	$18K	$1.7M	10x
Short	BingX MEGA-USDT	0.04578	0.0100	get 0.0050% / 4h	2h 11m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → −0.049%: $14.36
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4.64
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 2 min ago; BingX: live order book, 6 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 GRVT live order book, 2 min ago	4.37 bp	1745.8 bp −$1,746	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	16.38 bp	38.7 bp −$39	101.3 bp −$1,013	801.4 bp −$80.1K	1350.8 bp −$675.4K

MEGA on 27 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	−0.0432%	1h	0.04490	−1.821%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04572	−0.041%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0062%	1h	0.04573	−0.015%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04574	+0.010%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04572	−0.034%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04585	+0.242%	$4.1M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04584	+0.226%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04585	+0.248%	$943K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04579	+0.122%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04570	−0.080%	$203K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04585	+0.248%	$820K	$366K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04582	+0.182%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04585	+0.248%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04578	+0.095%	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04569	−0.099%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perplong	+0.0100%	4h	0.04574	long leg	$18K	$1.7M	10x
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04571	−0.058%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04580	+0.138%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04568	−0.124%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04584	+0.222%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04572	−0.042%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04579	+0.117%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04572	−0.028%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0687%	1h	0.04580	+0.138%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1288%	1h	0.04609	+0.772%	$651K	$329K	3x	as long as short
Hyperliquid MEGA	+0.1840%	1h	0.04584	+0.230%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2019%	1h	0.04594	+0.445%	$111	$15	25x	as long as short