Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.007%

Price spread now: Bitget against Nado−0.022%7-day average +0.006% · 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−$102as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.806%−$81 · spread now −0.022%, 7d avg +0.006%

Together, before fees−0.747%+ Points / potential airdropNado: Active · farm board−$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.028% cheaper against Nado than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04573	0.0062	pay 0.0008% / 1h	11m 32s	$197K	$140K	2x
Short	Bitget MEGAUSDT	0.04572	0.0100	get 0.0050% / 4h	2h 11m	$1.1M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: $7.88
Price spread: −0.022% → +0.006%: −$2.81
Slippage, 4 orders: −$80.56
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.49
Costs to cover: 0.996%
Break-even: 90.9 days

Slippage from Nado: live order book, 56 min ago; Bitget: 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 Nado live order book, 56 min ago	4.32 bp	22.5 bp −$23	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.56 bp	29.5 bp −$29	142.4 bp −$1,424	doesn't fit	doesn't fit

MEGA on 27 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	−0.0432%	1h	0.04490	−1.806%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04575	+0.042%	$1K	—	150x	as long as short
Nado MEGA-PERPlong	+0.0062%	1h	0.04573	long leg	$197K	$140K	2x
Aster MEGAUSDT	+0.0100%	4h	0.04575	+0.047%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04572	−0.020%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04573	−0.003%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04571	−0.044%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04571	−0.044%	$940K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04579	+0.137%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04569	−0.087%	$203K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04569	−0.087%	$817K	$366K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04574	+0.022%	$239K	$112K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04572	−0.022%	$1.1M	$1.5M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04571	−0.044%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04569	−0.084%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04574	+0.015%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04571	−0.044%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04576	+0.066%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04570	−0.066%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04572	−0.025%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04572	−0.028%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04579	+0.131%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04573	0.000%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0687%	1h	0.04580	+0.153%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1288%	1h	0.04594	+0.459%	$649K	$329K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1673%	1h	0.04585	+0.271%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.1840%	1h	0.04586	+0.276%	$7.9M	$2.5M	3x	as long as short