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: KuCoin against MEXC+0.067%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$590as in the Funding arb table

Net, price: spread back to 7d avg − costs−$590as in the Price arb table

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

Long on MEXC Short on KuCoin

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)−0.033%−$3 · spread now +0.067%, 7d avg +0.028%

Together, before fees+0.004%$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: KuCoin is 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 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	0.04457	0.0100	pay 0.0050% / 4h	1h 34m	$761K	$346K	50x
Short	KuCoin MEGAUSDTM	0.04460	0.0100	get 0.0050% / 4h	1h 34m	$235K	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.028%: $3.91
Slippage, 4 orders: −$581.77
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$589.86
Costs to cover: 5.938%
Break-even: never at this rate

Slippage from MEXC: live order book, 40 min ago; KuCoin: live order book, 35 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, 40 min ago	4.46 bp	11.6 bp −$12	50.7 bp −$507	173.8 bp −$17.4K	doesn't fit
Sell KuCoin live order book, 35 min ago	13.40 bp	244.3 bp −$244	doesn't fit	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	−0.0144%	1h	0.04490	+0.749%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04456	−0.016%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0050%	1h	0.04455	−0.034%	$192K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04456	−0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04458	+0.031%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04455	−0.054%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04457	0.000%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04455	−0.045%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04456	−0.022%	$913K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	−0.045%	$131K	$5K	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	0.04458	+0.022%	$190K	$310K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04457	long leg	$761K	$346K	50x
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04460	+0.067%	$235K	$113K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04459	+0.045%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04457	0.000%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04455	−0.045%	$223K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04457	0.000%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04461	+0.090%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04458	+0.022%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04459	+0.040%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0112%	4h	0.04455	−0.045%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04458	+0.023%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04468	+0.247%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04455	−0.038%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0434%	1h	0.04463	+0.135%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1437%	1h	0.04466	+0.211%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1523%	1h	0.04465	+0.171%	$108	$15	25x	as long as short
Lighter MEGA	+0.2464%	1h	0.04478	+0.471%	$625K	$318K	3x	as long as short