Funding you earn now, next payment 06:00 UTC+0.0772%/8h= +84.5% APRpaid last 24h +0.135%
Price spread now: Coinbase International against Orderly+1.113%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 1.113% dearer against Orderly than usual: you sell high and buy low: +$111 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MEGA_USDC | 0.04539 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $3K | $2K | 10x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04589 | 0.0872 | get 0.0109% / 1h | 8m 32s | $5K | $12K | 50x |
Orderly PERP_MEGA_USDC
Coinbase International MEGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $162.12
- Price spread: +1.113% → 0.000%
- $111.26
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $257.38
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Orderly and Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04538 | −0.029% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0057% | 1h | 0.04551 | +0.275% | $196K | $141K | 2x | as long as short |
| Lighter MEGA | +0.0096% | 1h | 0.04547 | +0.176% | $607K | $382K | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04541 | +0.051% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04530 | −0.207% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04541 | +0.051% | $4.0M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04547 | +0.176% | $3.5M | $5.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04545 | +0.132% | $917K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04520 | −0.419% | $133K | $111 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04528 | −0.242% | $205K | $327K | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Lighter MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04528 | −0.242% | $770K | $410K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04529 | −0.220% | $226K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04554 | +0.330% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04526 | −0.286% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04534 | −0.107% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04540 | +0.023% | $25K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04538 | −0.022% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDClong | +0.0100% | 4h | 0.04539 | long leg | $3K | $2K | 10x | |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04536 | −0.066% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04526 | −0.281% | $128K | $410K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0127% | 4h | 0.04534 | −0.110% | $200K | $94K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04551 | +0.270% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04520 | −0.419% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04537 | −0.053% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0300% | 1h | 0.04557 | +0.397% | $7.9M | $2.6M | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0446% | 1h | 0.04540 | +0.022% | $18K | $55K | 5x | as long as short |
| Coinbase International MEGA-PERP-INTXshort | +0.0872% | 1h | 0.04589 | +1.113% | $5K | $12K | 50x | |
| Deribit MEGA_USDC-PERPETUAL | +0.0918% | 1h | 0.04545 | +0.126% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL