Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.240%

Price spread now: Coinbase International against KuCoin+0.546%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.546% dearer against KuCoin than usual: you sell high and buy low (spread +0.546% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEGAUSDTM	0.04466	0.0100	pay 0.0050% / 4h	1h 52m	$235K	$113K	50x
Short	Coinbase International MEGA-PERP-INTX	0.04490	−0.0144	pay 0.0018% / 1h	52m 58s	$5K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.546%Rate

Funding earned: −$51.24
Price spread: +0.546% → 0.000%: $54.64
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.6
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 17 min ago; Coinbase International: 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 KuCoin live order book, 17 min ago	13.40 bp	326.2 bp −$326	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-INTXshort	−0.0144%	1h	0.04490	+0.546%	$5K	$12K	50x
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04461	−0.105%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0055%	1h	0.04465	−0.011%	$193K	$152K	2x	as long as short
BloFin MEGA-USDT	+0.0090%	4h	0.04468	+0.045%	$197K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04462	−0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04463	−0.056%	$20K	$81K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04467	+0.027%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04462	−0.090%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04458	−0.179%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04460	−0.134%	$913K	$2.9M	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	0.04471	+0.119%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04461	−0.112%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04461	−0.112%	$762K	$345K	50x	as long as short
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04466	long leg	$235K	$113K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04462	−0.090%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04460	−0.134%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04473	+0.159%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04472	+0.134%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04469	+0.067%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04465	−0.022%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04461	−0.117%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04462	−0.097%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04470	+0.090%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04460	−0.130%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0768%	1h	0.04464	−0.045%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1207%	1h	0.04467	+0.018%	$108	$15	25x	as long as short
Lighter MEGA	+0.1360%	1h	0.04483	+0.381%	$620K	$311K	3x	as long as short
Hyperliquid MEGA	+0.1380%	1h	0.04473	+0.146%	$7.6M	$2.3M	3x	as long as short