Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.425%

Price spread now: GMX against KuCoin+0.061%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$158 a day on $10k at the current rate, and GMX is 0.061% dearer against KuCoin than usual: you sell high and buy low: +$6 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	KuCoin MEGAUSDTM	0.04584	0.0100	pay 0.0050% / 4h	50m 48s	$230K	$117K	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04587	L +0.0237% / S −0.5353%	get 0.0669% / 1h	50m 48s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $1,103.09
Price spread: +0.061% → 0.000%: $6.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,085.2
Costs to cover: 0.240%
Break-even: 0.1 days

Slippage unknown: KuCoin: live order book, 30 min ago; GMX: 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, 30 min ago	17.46 bp	259.3 bp −$259	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0744%	1h	0.04589	+0.120%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04587	+0.061%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0028%	1h	0.04587	+0.076%	$199K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0050%	4h	0.04587	+0.065%	$202K	$95K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04589	+0.105%	$7.9M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04584	−0.002%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04588	+0.085%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04574	−0.226%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04571	−0.284%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04571	−0.284%	$939K	$3.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04584	0.000%	$199K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04581	−0.065%	$819K	$369K	50x	as long as short
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04584	long leg	$230K	$117K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04584	0.000%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	−0.109%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	−0.039%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04606	+0.469%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04605	+0.458%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04584	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04589	+0.109%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.742%	$134K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04579	−0.114%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04586	+0.038%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04599	+0.327%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0237% / S −0.5353%	1h	0.04587	+0.061%	$3K	—	45x
Lighter MEGA	+0.0544%	1h	0.04598	+0.305%	$651K	$337K	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0556%	1h	0.04588	+0.087%	$18K	$47K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0600%	1h	0.04590	+0.122%	$111	$15	25x	as long as short