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 −0.007%

Price spread now: Bybit against MEXC−0.111%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.111%, 7d avg −0.024%

Together, before fees+0.001%$0 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: Bybit is 0.086% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04515	0.0100	pay 0.0050% / 4h	11m 55s	$765K	$354K	50x
Short	Bybit MEGAUSDT	0.04510	0.0100	get 0.0050% / 4h	11m 55s	$3.5M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → −0.024%: −$8.63
Slippage, 4 orders: −$73.41
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.03
Costs to cover: 0.844%
Break-even: never at this rate

Slippage from MEXC: live order book, 59 min ago; Bybit: live order book, 1 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, 59 min ago	1.12 bp	9.7 bp −$10	38.7 bp −$387	231.2 bp −$23.1K	doesn't fit
Sell Bybit live order book, 1 min ago	2.22 bp	34.6 bp −$35	146.4 bp −$1,464	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04511	−0.085%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04511	−0.089%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04513	−0.033%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04505	−0.224%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04514	−0.022%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDTshort	+0.0100%	4h	0.04510	−0.111%	$3.5M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	−0.133%	$919K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04520	+0.111%	$133K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04510	−0.111%	$196K	$313K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04515	long leg	$765K	$354K	50x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04514	−0.022%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04513	−0.044%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04512	−0.066%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04515	−0.003%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04520	+0.111%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04519	+0.089%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04512	−0.066%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04514	−0.030%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0104%	1h	0.04514	−0.033%	$195K	$135K	2x	as long as short
BloFin MEGA-USDT	+0.0120%	4h	0.04503	−0.266%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04512	−0.069%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04512	−0.055%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.545%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04514	−0.022%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0436%	1h	0.04514	−0.022%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0954%	1h	0.04519	+0.084%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1213%	1h	0.04519	+0.093%	$109	$15	25x	as long as short
Lighter MEGA	+0.1336%	1h	0.04533	+0.399%	$637K	$320K	3x	as long as short