Funding you earn now, next payment 23:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.004%
Price spread now: MEXC against Phoenix+0.289%92s7-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
The price spread pays, funding is against you. MEXC is 0.289% dearer against Phoenix than usual: you sell high and buy low (spread +0.289% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.8 days. The two prices were read 92 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 | 0.04504 | 0.0355 | pay 0.0044% / 1h | 33m 49s | $21K | $7K | 5x |
| Short | MEXC MEGA_USDT | 0.04517 | 0.0100 | get 0.0050% / 4h | 33m 49s | $772K | $350K | 50x |
Phoenix MEGA
MEXC MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$53.55
- Price spread: +0.289% → 0.000%
- $28.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$31.69
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; MEXC: live order book, 37 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 MEXC live order book, 37 min ago | 1.12 bp | 3.3 bp −$3 | 34.2 bp −$342 | 232.5 bp −$23.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04510 | +0.141% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0096% | 1h | 0.04516 | +0.255% | $195K | $135K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04511 | +0.155% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04515 | +0.237% | $18K | $83K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04514 | +0.233% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04518 | +0.311% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04512 | +0.178% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04511 | +0.155% | $921K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04505 | +0.022% | $133K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04513 | +0.200% | $193K | $309K | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
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_USDTshort | +0.0100% | 4h | 0.04517 | +0.289% | $772K | $350K | 50x | |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04516 | +0.266% | $238K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04515 | +0.244% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04515 | +0.244% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04497 | −0.145% | $226K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04504 | −0.003% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04499 | −0.111% | $25K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04512 | +0.178% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04516 | +0.260% | $128K | $613K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0124% | 4h | 0.04504 | 0.000% | $195K | $77K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04515 | +0.245% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04509 | +0.104% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0296% | 1h | 0.04490 | −0.302% | $5K | $12K | 50x | as long as short |
| Phoenix MEGAlong | +0.0355% | 1h | 0.04504 | long leg | $21K | $7K | 5x | |
| Backpack MEGA_USDC_PERP | +0.0640% | 1h | 0.04518 | +0.311% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.1158% | 1h | 0.04528 | +0.526% | $7.7M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1369% | 1h | 0.04517 | +0.284% | $109 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1552% | 1h | 0.04532 | +0.622% | $637K | $319K | 3x | as long as short |
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
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA