Funding you earn now, next payment 02:00 UTC+0.0075%/8h= +8.3% APRpaid last 24h +0.008%
Price spread now: Phoenix against GRVT+0.134%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.134% dearer against GRVT than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MEGA_USDT_Perp | 0.04558 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $21K | $1.7M | 10x |
| Short | Phoenix MEGA | 0.04564 | 0.0175 | get 0.0022% / 1h | 22m 24s | $21K | $7K | 5x |
GRVT MEGA_USDT_Perp
Phoenix MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.83
- Price spread: +0.134% → 0.000%
- $13.36
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $13.19
- Costs to cover
- 0.160%
- Break-even
- 1.2 days
Slippage unknown: GRVT: live order book, 1 min ago; Phoenix: 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 GRVT live order book, 1 min ago | 4.38 bp | 2599.7 bp −$2,600 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | −0.0800% | 1h | 0.04490 | −1.481% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04578 | +0.437% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0058% | 1h | 0.04580 | +0.474% | $198K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0066% | 4h | 0.04567 | +0.199% | $202K | $94K | 50x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04587 | +0.643% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04577 | +0.411% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04580 | +0.477% | $4.1M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04578 | +0.441% | $3.6M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04581 | +0.507% | $941K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | +0.156% | $135K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04576 | +0.397% | $202K | $318K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04579 | +0.463% | $820K | $367K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04578 | +0.441% | $230K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04579 | +0.463% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04577 | +0.419% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04567 | +0.199% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04563 | +0.113% | $322K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perplong | +0.0100% | 4h | 0.04558 | long leg | $21K | $1.7M | 10x | |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04559 | +0.024% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04563 | +0.112% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04563 | +0.112% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04580 | +0.480% | $129K | $821K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04580 | +0.489% | $3 | — | 3x | as long as short |
| Phoenix MEGAshort | +0.0175% | 1h | 0.04564 | +0.134% | $21K | $7K | 5x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04563 | +0.116% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04577 | +0.425% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0560% | 1h | 0.04592 | +0.748% | $650K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0824% | 1h | 0.04569 | +0.239% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL