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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.068%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$609as in the Funding arb table
Net, price: spread back to 7d avg − costs−$610as in the Price arb table
costs, in and out, $10k−$6096.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.068%, 7d avg −0.053%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEGAUSDTM0.044290.0100pay 0.0050% / 4h2h 50m$228K$112K50x
ShortBingX MEGA-USDT0.044260.0100get 0.0050% / 4h2h 50m$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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
$0
Price spread: −0.068% → −0.053%
−$1.49
Slippage, 4 orders
−$586.7
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$610.18
Costs to cover
6.087%
Break-even
never at this rate
Slippage from KuCoin: live order book, 29 min ago; BingX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 29 min ago12.32 bp297.2 bp −$297doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago15.70 bp36.6 bp −$3794.2 bp −$942652.3 bp −$65.2K1253.2 bp −$626.6K

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
Coinbase International MEGA-PERP-INTX−0.0288%1h0.04400−0.648%$5K$11K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04429−0.006%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04441+0.271%$20K$7K5xas long as short
Nado MEGA-PERP+0.0058%1h0.04430+0.034%$191K$152K2xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.044290.000%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04427−0.040%$19K$79K5xas long as short
Pacifica MEGA+0.0100%1h0.04432+0.075%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04428−0.024%$4.0M$12.7M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04424−0.113%$3.4M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04423−0.135%$906K$2.8M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04450+0.474%$131K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04426−0.068%$189K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04427−0.045%$780K$350K50xas long as short
KuCoin MEGAUSDTMlong+0.0100%4h0.04429long leg$228K$112K50x
Bitget MEGAUSDT+0.0100%4h0.04428−0.023%$1.1M$1.4M50xas long as short
BingX MEGA-USDTshort+0.0100%4h0.04426−0.068%$1.7M
Backpack MEGA_USDC_PERP+0.0100%1h0.04430+0.023%$15K$40K5xas long as short
Variational Omni MEGA+0.0100%4h0.04441+0.270%$236K$110Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04452+0.516%$27K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04436+0.158%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04431+0.045%$1K$1.9M10xas long as short
BloFin MEGA-USDT+0.0102%4h0.04440+0.248%$198K$76K50xas long as short
Extended MEGA-USD+0.0104%1h0.04428−0.019%$126K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04430+0.014%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0235% / S −0.5353%1h0.04428−0.014%$3K45xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1172%1h0.04437+0.174%$107$1525xas long as short
Hyperliquid MEGA+0.1353%1h0.04440+0.239%$7.6M$2.3M3xas long as short
Lighter MEGA+0.1512%1h0.04451+0.497%$598K$299K3xas long as short