Funding you earn now, next payment 01:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.009%
Price spread now: Aster against Phoenix−0.689%55s7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.689% cheaper against Phoenix than usual: you would sell low and buy high (−$69 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 | Phoenix MEGA | 0.04575 | 0.0173 | pay 0.0022% / 1h | 52m 28s | $21K | $7K | 5x |
| Short | Aster MEGAUSDT | 0.04543 | 0.0100 | get 0.0050% / 4h | 2h 52m | $17K | $90K | 5x |
Phoenix MEGA
Aster MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$15.43
- Price spread: −0.689% → 0.000%
- −$68.91
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$99.34
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aster: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Phoenix and Aster: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MEGAUSDT | −0.0848% | 1h | 0.04584 | +0.197% | $25K | $231K | 50x | as long as short |
| Coinbase International MEGA-PERP-INTX | −0.0432% | 1h | 0.04490 | −1.849% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04550 | −0.550% | $12K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0077% | 4h | 0.04554 | −0.459% | $202K | $89K | 50x | as long as short |
| Nado MEGA-PERP | +0.0086% | 1h | 0.04542 | −0.721% | $196K | $140K | 2x | as long as short |
| Aster MEGAUSDTshort | +0.0100% | 4h | 0.04543 | −0.689% | $17K | $90K | 5x | |
| Pacifica MEGA | +0.0100% | 1h | 0.04544 | −0.680% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04544 | −0.679% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04540 | −0.765% | $3.5M | $5.4M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04540 | −0.765% | $929K | $3.1M | 20x | as long as short |
ApeX Omni MEGAUSDT
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04538 | −0.809% | $201K | $318K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04541 | −0.743% | $842K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04544 | −0.678% | $237K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04541 | −0.743% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04538 | −0.809% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04556 | −0.415% | $18K | $43K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04575 | +0.006% | $323K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04571 | −0.084% | $28K | $1.7M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04549 | −0.568% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04554 | −0.459% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +0.543% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04538 | −0.812% | $127K | $824K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04539 | −0.780% | $3 | — | 3x | as long as short |
| Phoenix MEGAlong | +0.0173% | 1h | 0.04575 | long leg | $21K | $7K | 5x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04549 | −0.575% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.1192% | 1h | 0.04563 | −0.262% | $642K | $324K | 3x | as long as short |
| Hyperliquid MEGA | +0.2314% | 1h | 0.04553 | −0.479% | $7.9M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2344% | 1h | 0.04562 | −0.295% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL