Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC+0.263%81s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.593% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.263%, 7d avg +0.045%

Together, before fees+0.019%+$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: ApeX Omni is 0.218% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04563	0.0100	pay 0.0050% / 4h	3h 12m	$800K	$376K	50x
Short	ApeX Omni MEGAUSDT	0.04575	0.0100	get 0.0013% / 1h	12m 08s	$24K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.263%Rate

Funding earned: $0
Price spread: +0.263% → +0.045%: $21.8
Slippage, 4 orders: −$49.29
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.49
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from MEXC: live order book, 33 min ago; ApeX Omni: live order book, 39 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 MEXC live order book, 33 min ago	2.17 bp	12.1 bp −$12	69.7 bp −$697	205.6 bp −$20.6K	doesn't fit
Sell ApeX Omni live order book, 39 min ago	8.74 bp	16.9 bp −$17	123.2 bp −$1,232	doesn't fit	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	−0.0680%	1h	0.04589	+0.581%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04571	+0.175%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04562	−0.022%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0078%	4h	0.04565	+0.044%	$3.5M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0085%	1h	0.04566	+0.066%	$197K	$143K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04566	+0.065%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04568	+0.116%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04565	+0.044%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04560	−0.066%	$931K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04571	+0.178%	$135K	$111	10x	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	0.04564	+0.022%	$203K	$327K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04563	long leg	$800K	$376K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04565	+0.044%	$232K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04565	+0.044%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04562	−0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04572	+0.202%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04577	+0.310%	$25K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04575	+0.263%	$24K	$230K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04563	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04564	+0.022%	$2K	$1.9M	10x	as long as short
Backpack MEGA_USDC_PERP	+0.0104%	1h	0.04566	+0.066%	$18K	$53K	5x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04562	−0.028%	$129K	$594K	5x	as long as short
BloFin MEGA-USDT	+0.0134%	4h	0.04572	+0.197%	$202K	$94K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04561	−0.038%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04563	−0.004%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0396%	1h	0.04573	+0.208%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.0952%	1h	0.04587	+0.526%	$649K	$344K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1087%	1h	0.04570	+0.147%	$111	$15	25x	as long as short