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

MEGA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against KuCoin−0.804%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$689as in the Price arb table
costs, in and out, $10k−$6076.065% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.679%+$68 · spread now −0.804%, 7d avg +0.016%
Together, before fees+0.679%+$68 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: Bulk is 0.820% cheaper against KuCoin than usual: you would sell low and buy high, −$82 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEGAUSDTM0.046020.0100pay 0.0050% / 4h1h 17m$231K$117K50x
ShortBulk MEGA-USD0.045650.0100get 0.0013% / 1h17m 07s$135K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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: −0.804% → +0.016%
−$82
Slippage, 4 orders
−$587.53
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$688.52
Costs to cover
6.065%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bulk: live order book, 47 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, 3 min ago17.46 bp259.3 bp −$259doesn't fitdoesn't fitdoesn't fit
Sell Bulk live order book, 47 min ago10.95 bp14.5 bp −$1454.8 bp −$548284.2 bp −$28.4Kdoesn't fit

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−0.0800%1h0.04490−2.425%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04593−0.199%$1K150xas long as short
BloFin MEGA-USDT+0.0050%4h0.04596−0.130%$203K$95K50xas long as short
Nado MEGA-PERP+0.0060%1h0.04596−0.130%$198K$141K2xas long as short
Hyperliquid MEGA+0.0100%1h0.04610+0.180%$8.0M$2.6M3xas long as short
Aster MEGAUSDT+0.0100%4h0.04602+0.006%$18K$89K5xas long as short
Binance MEGAUSDT+0.0100%4h0.04601−0.030%$4.1M$13.6M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04598−0.087%$3.6M$5.6M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.046020.000%$943K$3.2M20xas long as short
Bulk MEGA-USDshort+0.0100%1h0.04565−0.804%$135K$4K10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04603+0.022%$204K$318K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.046020.000%$822K$368K50xas long as short
KuCoin MEGAUSDTMlong+0.0100%4h0.04602long leg$231K$117K50x
Bitget MEGAUSDT+0.0100%4h0.04604+0.043%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.046020.000%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04580−0.475%$323K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04587−0.329%$25K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04585−0.369%$24K$231K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04595−0.152%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04603+0.022%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04602−0.004%$130K$821K5xas long as short
Backpack MEGA_USDC_PERP+0.0154%1h0.04607+0.109%$19K$46K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04593−0.202%$33xas long as short
Phoenix MEGA+0.0175%1h0.04598−0.087%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04592−0.209%$3K45xas long as short
Pacifica MEGA+0.0245%1h0.04596−0.122%$14K$9K3xas long as short
Lighter MEGA+0.0560%1h0.04624+0.478%$654K$336K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1640%1h0.04612+0.217%$112$1525xas long as short