Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.006%

Price spread now: BingX against Nado+0.011%7-day average −0.038% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1001.005% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.011%, 7d avg −0.038%

Together, before fees−0.146%+ Points / potential airdropNado: Active · farm board−$15 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: BingX is 0.049% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04507	0.0099	pay 0.0012% / 1h	34m 52s	$195K	$135K	2x
Short	BingX MEGA-USDT	0.04508	0.0100	get 0.0050% / 4h	34m 52s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0.21
Price spread: +0.011% → −0.038%: $4.89
Slippage, 4 orders: −$83.5
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.39
Costs to cover: 1.005%
Break-even: 3161.1 days

Slippage from Nado: live order book, 43 min ago; BingX: live order book, 12 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 Nado live order book, 43 min ago	4.47 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	16.62 bp	31.5 bp −$32	92.0 bp −$920	604.1 bp −$60.4K	1203.2 bp −$601.6K

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	0.04503	−0.093%	$12K	—	150x	as long as short
Nado MEGA-PERPlong	+0.0099%	1h	0.04507	long leg	$195K	$135K	2x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	−0.033%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04508	+0.022%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04503	−0.111%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	+0.070%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04505	−0.055%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	−0.033%	$920K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04505	−0.055%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04508	+0.011%	$193K	$309K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04509	+0.033%	$770K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04512	+0.100%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04508	+0.011%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04508	+0.011%	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04497	−0.222%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04504	−0.081%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04499	−0.189%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04509	+0.033%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04510	+0.061%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0124%	4h	0.04504	−0.078%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04507	−0.012%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04505	−0.067%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.379%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04504	−0.078%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0633%	1h	0.04513	+0.122%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1145%	1h	0.04520	+0.277%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1459%	1h	0.04513	+0.113%	$109	$15	25x	as long as short
Lighter MEGA	+0.1536%	1h	0.04531	+0.521%	$637K	$319K	3x	as long as short