Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+0.316%57s7-day average +0.111% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+6.765%+$676 · spread now +0.316%, 7d avg +0.111%

Together, before fees+6.778%+$678 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: SunX is 0.205% dearer against OKX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.111%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEGA-USDT-SWAP	0.04430	0.0100	pay 0.0050% / 4h	2h 52m	$908K	$2.8M	20x
Short	SunX MEGA-USDT	0.04444	0.0100	get 0.0050% / 4h	2h 52m	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee OKXbpFee SunXbpOrdersPrice spread, now +0.316%Rate

Funding earned: $0
Price spread: +0.316% → +0.111%: $20.52
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $2.52
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; SunX: live order book, 3 min ago. 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 OKX live order book, 5 min ago	1.13 bp	36.5 bp −$37	168.9 bp −$1,689	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0288%	1h	0.04400	−0.670%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04431	+0.016%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04458	+0.632%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0056%	1h	0.04431	+0.034%	$191K	$152K	2x	as long as short
BloFin MEGA-USDT	+0.0092%	4h	0.04443	+0.293%	$198K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04431	+0.023%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04435	+0.112%	$20K	$79K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04437	+0.153%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04432	+0.045%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04429	−0.023%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04430	long leg	$908K	$2.8M	20x
Bulk MEGA-USD	+0.0100%	1h	0.04460	+0.677%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04431	+0.023%	$189K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04430	0.000%	$781K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04435	+0.113%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04432	+0.045%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04430	0.000%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04442	+0.271%	$15K	$40K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04441	+0.248%	$236K	$110K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04452	+0.493%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04435	+0.113%	$24K	$228K	50x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04444	+0.316%	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04431	+0.014%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04432	+0.036%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04430	+0.009%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1348%	1h	0.04444	+0.316%	$7.6M	$2.3M	3x	as long as short
Lighter MEGA	+0.1456%	1h	0.04454	+0.542%	$599K	$299K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2047%	1h	0.04451	+0.470%	$108	$15	25x	as long as short