Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.045%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on MEXC Short on BingX

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)−0.045%−$4 · spread now +0.045%, 7d avg −0.028%

Together, before fees−0.026%−$3 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: BingX is 0.073% dearer against MEXC than usual: you sell high and buy low, +$7 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	MEXC MEGA_USDT	0.04486	0.0100	pay 0.0050% / 4h	2h 39m	$800K	$389K	50x
Short	BingX MEGA-USDT	0.04488	0.0100	get 0.0050% / 4h	2h 39m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.028%: $7.27
Slippage, 4 orders: −$87.97
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.7
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 3 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, 1 min ago	1.12 bp	10.7 bp −$11	55.5 bp −$555	205.3 bp −$20.5K	doesn't fit
Sell BingX live order book, 3 min ago	15.55 bp	39.6 bp −$40	101.2 bp −$1,012	738.7 bp −$73.9K	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	−0.0048%	1h	0.04589	+2.307%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0012%	4h	0.04484	−0.045%	$3.4M	$5.8M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04486	0.000%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0043%	4h	0.04505	+0.424%	$200K	$93K	50x	as long as short
Nado MEGA-PERP	+0.0064%	1h	0.04483	−0.056%	$193K	$142K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04486	0.000%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04489	+0.067%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04486	+0.005%	$3.9M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04487	+0.022%	$913K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04511	+0.563%	$133K	$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	0.04485	−0.022%	$201K	$329K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04486	long leg	$800K	$389K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04482	−0.089%	$228K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04487	+0.022%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04488	+0.045%	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04488	+0.045%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04486	−0.004%	$317K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04491	+0.100%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04482	−0.089%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04487	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04483	−0.067%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04487	+0.030%	$126K	$431K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04489	+0.063%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04487	+0.022%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04485	−0.013%	$3K	—	45x	as long as short
Lighter MEGA	+0.0304%	1h	0.04502	+0.357%	$627K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0474%	1h	0.04496	+0.212%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1020%	1h	0.04494	+0.176%	$109	$15	25x	as long as short