Funding you earn now, next payment 06:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.059%
Price spread now: Backpack against Nado+0.011%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MEGA-PERP | 0.04501 | 0.0059 | pay 0.0007% / 1h | 32m 33s | $194K | $141K | 2x |
| Short | Backpack MEGA_USDC_PERP | 0.04502 | 0.0100 | get 0.0013% / 1h | 32m 33s | $18K | $55K | 5x |
Nado MEGA-PERP
Backpack MEGA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.59
- Price spread: +0.011% → 0.000%
- $1.11
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$7.3
- Costs to cover
- 0.170%
- Break-even
- 13.0 days
Slippage unknown: Nado: live order book, 15 min ago; Backpack: 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 Nado live order book, 15 min ago | 2.21 bp | 22.6 bp −$23 | 125.8 bp −$1,258 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 | −0.0048% | 1h | 0.04589 | +1.955% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04494 | −0.169% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0032% | 4h | 0.04501 | −0.011% | $3.4M | $5.9M | 20x | as long as short |
| BloFin MEGA-USDT | +0.0044% | 4h | 0.04489 | −0.278% | $198K | $93K | 50x | as long as short |
| Nado MEGA-PERPlong | +0.0059% | 1h | 0.04501 | long leg | $194K | $141K | 2x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | +0.035% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04507 | +0.113% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04505 | +0.078% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04496 | −0.122% | $913K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04505 | +0.078% | $202K | $330K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04506 | +0.100% | $792K | $391K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04503 | +0.033% | $228K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04504 | +0.056% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04502 | +0.011% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERPshort | +0.0100% | 1h | 0.04502 | +0.011% | $18K | $55K | 5x | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04520 | +0.418% | $319K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04518 | +0.367% | $20K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04524 | +0.500% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04494 | −0.167% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04495 | −0.144% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04501 | −0.021% | $133K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04502 | +0.006% | $126K | $429K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04490 | −0.248% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04522 | +0.455% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04494 | −0.164% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0432% | 1h | 0.04527 | +0.566% | $617K | $366K | 3x | as long as short |
| Hyperliquid MEGA | +0.0528% | 1h | 0.04514 | +0.275% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1107% | 1h | 0.04501 | −0.007% | $109 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL