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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against OKX+0.044%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.044% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MEGA-USDT-SWAP0.045660.0100pay 0.0050% / 4h2h 55m$938K$3.1M20x
ShortOrderly PERP_MEGA_USDC0.045680.0100get 0.0050% / 4h2h 55m$3K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: +0.044% → 0.000%
$4.38
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$11.62
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago2.18 bp35.8 bp −$36152.6 bp −$1,526doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni MEGAUSDT−0.0848%1h0.04584+0.394%$25K$231K50xas long as short
Coinbase International MEGA-PERP-INTX−0.0432%1h0.04490−1.656%$5K$12K50xas long as short
Phoenix MEGA0.0000%1h0.04598+0.701%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04569+0.066%$1K150xas long as short
BloFin MEGA-USDT+0.0043%4h0.04586+0.438%$202K$89K50xas long as short
Nado MEGA-PERP+0.0078%1h0.04566+0.011%$197K$138K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04575+0.190%$18K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04577+0.232%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04571+0.110%$4.1M$13.4M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04567+0.022%$3.6M$5.4M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MEGA-USDT-SWAPlong+0.0100%4h0.04566long leg$938K$3.1M20x
Gate MEGA_USDT+0.0100%4h0.04570+0.088%$201K$317K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04570+0.088%$847K$358K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04573+0.153%$240K$116K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04568+0.044%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04567+0.022%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04585+0.416%$18K$43K5xas long as short
Variational Omni MEGA+0.0100%4h0.04575+0.203%$323K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04590+0.523%$28K$1.7M10xas long as short
Orderly PERP_MEGA_USDCshort+0.0100%4h0.04568+0.044%$3K$2K10x
SunX MEGA-USDT+0.0100%4h0.04582+0.350%$2K$1.9M10xas long as short
Bulk MEGA-USD+0.0100%1h0.04600+0.742%$136K$4K10xas long as short
Extended MEGA-USD+0.0104%1h0.04570+0.097%$130K$820K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04567+0.018%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04569+0.070%$3K45xas long as short
Lighter MEGA+0.1200%1h0.04594+0.613%$646K$324K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.2326%1h0.04592+0.567%$111$1525xas long as short
Hyperliquid MEGA+0.2681%1h0.04584+0.385%$7.9M$2.5M3xas long as short