Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

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: MEXC against KuCoin−0.090%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$597as in the Funding arb table

Net, price: spread back to 7d avg − costs−$600as in the Price arb table

costs, in and out, $10k−$5945.938% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.090%, 7d avg −0.028%

Together, before fees+0.018%+$2 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: MEXC is 0.062% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEGAUSDTM	0.04454	0.0100	pay 0.0050% / 4h	1h 35m	$235K	$113K	50x
Short	MEXC MEGA_USDT	0.04450	0.0100	get 0.0050% / 4h	1h 35m	$759K	$346K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.028%: −$6.16
Slippage, 4 orders: −$581.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$599.93
Costs to cover: 5.938%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 min ago; MEXC: live order book, 40 min ago.

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, 34 min ago	13.40 bp	326.2 bp −$326	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 40 min ago	4.46 bp	11.7 bp −$12	66.1 bp −$661	206.9 bp −$20.7K	doesn't fit

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	−0.0144%	1h	0.04490	+0.817%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04453	−0.022%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0051%	1h	0.04455	+0.022%	$192K	$152K	2x	as long as short
BloFin MEGA-USDT	+0.0060%	4h	0.04461	+0.157%	$195K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04454	0.000%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04454	−0.008%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04460	+0.128%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04452	−0.045%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04449	−0.112%	$3.5M	$5.0M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04449	−0.112%	$911K	$2.8M	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	0.04455	+0.022%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04449	−0.112%	$190K	$310K	20x	as long as short
MEXC MEGA_USDTshort	+0.0100%	4h	0.04450	−0.090%	$759K	$346K	50x
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04454	long leg	$235K	$113K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04450	−0.090%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04449	−0.112%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04457	+0.078%	$224K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04465	+0.236%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04461	+0.157%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04453	−0.022%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04450	−0.096%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04454	−0.001%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04468	+0.314%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04452	−0.054%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0441%	1h	0.04456	+0.045%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1442%	1h	0.04459	+0.115%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1703%	1h	0.04463	+0.193%	$108	$15	25x	as long as short
Lighter MEGA	+0.2344%	1h	0.04473	+0.427%	$623K	$317K	3x	as long as short