Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.009%

Price spread now: Orderly against Nado−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.067% cheaper against Nado than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.4 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	0.04504	0.0065	pay 0.0008% / 1h	42m 45s	$194K	$141K	2x
Short	Orderly PERP_MEGA_USDC	0.04501	0.0100	get 0.0050% / 4h	2h 42m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.067%Rate

Funding earned: $7.33
Price spread: −0.067% → 0.000%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.33
Costs to cover: 0.130%
Break-even: 18.8 days

Slippage unknown: Nado: live order book, 5 min ago; Orderly: 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, 5 min ago	2.21 bp	22.6 bp −$23	125.8 bp −$1,258	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	+1.898%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04502	−0.042%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0025%	4h	0.04501	−0.067%	$3.5M	$5.8M	20x	as long as short
Nado MEGA-PERPlong	+0.0065%	1h	0.04504	long leg	$194K	$141K	2x
BloFin MEGA-USDT	+0.0097%	4h	0.04508	+0.089%	$200K	$93K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04506	+0.037%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04506	+0.049%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04506	+0.038%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04500	−0.089%	$917K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04530	+0.577%	$134K	$111	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	0.04506	+0.044%	$200K	$325K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04503	−0.022%	$806K	$383K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04505	+0.022%	$229K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04509	+0.111%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04510	+0.133%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04507	+0.067%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04510	+0.127%	$318K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	+0.158%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04510	+0.133%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDCshort	+0.0100%	4h	0.04501	−0.067%	$3K	$2K	10x
SunX MEGA-USDT	+0.0100%	4h	0.04500	−0.089%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04504	+0.009%	$126K	$430K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04503	−0.026%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04518	+0.311%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04501	−0.071%	$3K	—	45x	as long as short
Lighter MEGA	+0.0376%	1h	0.04527	+0.511%	$631K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0492%	1h	0.04516	+0.269%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0727%	1h	0.04507	+0.071%	$109	$15	25x	as long as short