Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.006%

Price spread now: Nado against MEXC−0.022%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.022%, 7d avg +0.008%

Together, before fees+0.226%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.031% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04482	0.0100	pay 0.0050% / 4h	1h 12m	$767K	$352K	50x
Short	Nado MEGA-PERP	0.04481	0.0054	get 0.0007% / 1h	12m 28s	$194K	$136K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$9.75
Price spread: −0.022% → +0.008%: −$3.08
Slippage, 4 orders: −$57.19
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$77.02
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from MEXC: live order book, 63 min ago; Nado: live order book, 5 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, 63 min ago	4.46 bp	11.6 bp −$12	50.7 bp −$507	173.8 bp −$17.4K	doesn't fit
Sell Nado live order book, 5 min ago	4.47 bp	19.7 bp −$20	117.9 bp −$1,179	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	+0.187%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04480	−0.041%	$12K	—	150x	as long as short
Nado MEGA-PERPshort	+0.0054%	1h	0.04481	−0.022%	$194K	$136K	2x
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04481	−0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04481	−0.033%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04480	−0.042%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04482	0.000%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04478	−0.089%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04478	−0.089%	$911K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04470	−0.268%	$132K	$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	0.04480	−0.045%	$192K	$311K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04482	long leg	$767K	$352K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04483	+0.022%	$236K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04483	+0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04480	−0.045%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04468	−0.303%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04470	−0.273%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04469	−0.290%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04477	−0.112%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04482	−0.009%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0132%	4h	0.04483	+0.022%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04482	+0.009%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04485	+0.067%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04481	−0.025%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0447%	1h	0.04485	+0.067%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1244%	1h	0.04491	+0.190%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1514%	1h	0.04486	+0.080%	$109	$15	25x	as long as short
Lighter MEGA	+0.2576%	1h	0.04501	+0.424%	$633K	$323K	3x	as long as short