Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against OKX−0.216%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1121.124% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.216%, 7d avg +0.079%
Together, before fees+0.174%+$17 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: ApeX Omni is 0.295% cheaper against OKX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MEGA-USDT-SWAP0.046310.0100pay 0.0050% / 4h29m 03s$949K$3.2M20x
ShortApeX Omni MEGAUSDT0.046210.0100get 0.0013% / 1h29m 03s$24K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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

Funding earned
$0
Price spread: −0.216% → +0.079%
−$29.48
Slippage, 4 orders
−$92.44
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$141.93
Costs to cover
1.124%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago4.33 bp43.4 bp −$43177.3 bp −$1,773doesn't fitdoesn't fit
Sell ApeX Omni live order book, 27 min ago7.62 bp16.2 bp −$16128.1 bp −$1,281doesn't fitdoesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0744%1h0.04589−0.896%$5K$13K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04640+0.194%$1K150xas long as short
Nado MEGA-PERP+0.0054%1h0.04639+0.173%$201K$142K2xas long as short
Hyperliquid MEGA+0.0100%1h0.04645+0.294%$8.0M$2.6M3xas long as short
Aster MEGAUSDT+0.0100%4h0.04642+0.241%$19K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04636+0.108%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04634+0.073%$4.1M$13.6M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.046310.000%$3.6M$5.7M20xas long as short
OKX MEGA-USDT-SWAPlong+0.0100%4h0.04631long leg$949K$3.2M20x
Bulk MEGA-USD+0.0100%1h0.04590−0.885%$136K$4K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04638+0.151%$201K$321K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04639+0.173%$818K$376K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04638+0.151%$238K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04636+0.108%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04633+0.043%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04617−0.298%$326K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04628−0.065%$23K$1.8M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04621−0.216%$24K$230K50x
Orderly PERP_MEGA_USDC+0.0100%4h0.04640+0.194%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04639+0.173%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04641+0.211%$132K$824K5xas long as short
BloFin MEGA-USDT+0.0158%4h0.04632+0.022%$205K$96K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04640+0.189%$33xas long as short
Phoenix MEGA+0.0176%1h0.04613−0.389%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04642+0.229%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0491%1h0.04640+0.194%$19K$50K5xas long as short
Lighter MEGA+0.0544%1h0.04664+0.713%$660K$340K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0913%1h0.04647+0.343%$112$1525xas long as short