Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1612%/8h= +176.5% APRpaid last 24h +0.275%

Price spread now: Deribit against MEXC−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Deribit is 0.063% cheaper against MEXC than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$48 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04446	0.0100	pay 0.0050% / 4h	2h 55m	$784K	$349K	50x
Short	Deribit MEGA_USDC-PERPETUAL	0.04443	0.1712	get 0.0214% / 1h	55m 30s	$108	$15	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.063%Rate

Funding earned: $338.5
Price spread: −0.063% → 0.000%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $325.2
Costs to cover: 0.070%
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 28 min ago; Deribit: 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 MEXC live order book, 28 min ago	1.12 bp	9.4 bp −$9	59.2 bp −$592	212.9 bp −$21.3K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0288%	1h	0.04400	−1.028%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04434	−0.281%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04458	+0.270%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0033%	1h	0.04452	+0.135%	$192K	$153K	2x	as long as short
BloFin MEGA-USDT	+0.0089%	4h	0.04435	−0.247%	$197K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04434	−0.270%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04441	−0.103%	$20K	$79K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04445	−0.013%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04453	+0.148%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04450	+0.090%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04449	+0.067%	$911K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04460	+0.315%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04447	+0.022%	$190K	$310K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04446	long leg	$784K	$349K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04446	0.000%	$229K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04451	+0.112%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04449	+0.067%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04443	−0.067%	$14K	$40K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04441	−0.113%	$236K	$110K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04441	−0.122%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04435	−0.247%	$24K	$228K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04438	−0.180%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04452	+0.134%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04438	−0.189%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04434	−0.274%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1282%	1h	0.04455	+0.198%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1408%	1h	0.04463	+0.382%	$600K	$299K	3x	as long as short
Deribit MEGA_USDC-PERPETUALshort	+0.1712%	1h	0.04443	−0.063%	$108	$15	25x