MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.007%

Price spread now: Extended against Phoenix+0.391%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Extended

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.391% dearer against Phoenix than usual: you sell high and buy low (spread +0.391% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MEGA	0.04564	0.0175	pay 0.0022% / 1h	20m 44s	$21K	$7K	5x
Short	Extended MEGA-USD	0.04582	0.0104	get 0.0013% / 1h	20m 44s	$129K	$821K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. 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 PhoenixbpFee ExtendedbpOrdersPrice spread, now +0.391%Rate

Funding earned: −$14.99
Price spread: +0.391% → 0.000%: $39.07
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $12.08
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 42 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 Phoenix no order-book sample	—	—	—	—	—
Sell Extended live order book, 42 min ago	3.29 bp	53.2 bp −$53	311.9 bp −$3,119	doesn't fit	doesn't fit

Phoenix: 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
Coinbase International MEGA-PERP-INTX	−0.0800%	1h	0.04490	−1.613%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04583	+0.416%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04584	+0.427%	$198K	$141K	2x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04589	+0.552%	$7.9M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04584	+0.449%	$18K	$89K	5x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04584	+0.442%	$4.1M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04584	+0.438%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04579	+0.329%	$941K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	+0.022%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04582	+0.394%	$203K	$318K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04585	+0.460%	$820K	$367K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04585	+0.460%	$231K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04584	+0.438%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04582	+0.394%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04580	+0.354%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04564	+0.010%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04563	−0.022%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04582	+0.394%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04583	+0.416%	$2K	$1.9M	10x	as long as short
Extended MEGA-USDshort	+0.0104%	1h	0.04582	+0.391%	$129K	$821K	5x
BloFin MEGA-USDT	+0.0116%	4h	0.04586	+0.482%	$203K	$94K	50x	as long as short
Backpack MEGA_USDC_PERP	+0.0118%	1h	0.04587	+0.504%	$18K	$46K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04585	+0.465%	$3	—	3x	as long as short
Phoenix MEGAlong	+0.0175%	1h	0.04564	long leg	$21K	$7K	5x
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04582	+0.403%	$3K	—	45x	as long as short
Pacifica MEGA	+0.0245%	1h	0.04583	+0.414%	$14K	$9K	3x	as long as short
Lighter MEGA	+0.0560%	1h	0.04606	+0.920%	$652K	$336K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2259%	1h	0.04595	+0.677%	$111	$15	25x	as long as short