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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against OKX+0.315%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.315%, 7d avg +0.068%
Together, before fees−0.390%−$39 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: Bulk is 0.247% dearer against OKX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MEGA-USDT-SWAP0.044460.0100pay 0.0050% / 4h2h 59m$910K$2.9M20x
ShortBulk MEGA-USD0.044600.0100get 0.0013% / 1h59m 11s$132K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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: +0.315% → +0.068%
$24.73
Slippage, 4 orders
−$105.12
Fee OKX: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$97.39
Costs to cover
1.221%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bulk: live order book, 29 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 ago3.37 bp34.5 bp −$35173.3 bp −$1,733doesn't fitdoesn't fit
Sell Bulk live order book, 29 min ago11.22 bp17.1 bp −$1762.5 bp −$625doesn'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−0.0288%1h0.04400−1.028%$5K$11K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04452+0.125%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04461+0.337%$20K$6K5xas long as short
Nado MEGA-PERP+0.0047%1h0.04452+0.146%$192K$158K2xas long as short
BloFin MEGA-USDT+0.0060%4h0.04454+0.180%$198K$76K50xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04452+0.135%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04453+0.159%$20K$81K5xas long as short
Pacifica MEGA+0.0100%1h0.04457+0.238%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04451+0.118%$4.0M$12.8M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04449+0.067%$3.4M$4.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MEGA-USDT-SWAPlong+0.0100%4h0.04446long leg$910K$2.9M20x
Bulk MEGA-USDshort+0.0100%1h0.04460+0.315%$132K$5K10x
Gate MEGA_USDT+0.0100%4h0.04453+0.157%$190K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04450+0.090%$785K$349K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04455+0.202%$229K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04452+0.135%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04449+0.067%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04454+0.180%$14K$41K5xas long as short
Variational Omni MEGA+0.0100%4h0.04458+0.271%$241K$107Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04458+0.270%$22K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04459+0.292%$24K$228K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04450+0.090%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04450+0.089%$126K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04451+0.104%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0235% / S −0.5353%1h0.04450+0.094%$3K45xas long as short
Lighter MEGA+0.1128%1h0.04473+0.607%$601K$299K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1143%1h0.04458+0.261%$108$1525xas long as short
Hyperliquid MEGA+0.1189%1h0.04463+0.382%$7.6M$2.4M3xas long as short