Funding you earn now, next payment 22:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.002%
Price spread now: Pacifica against Phoenix+0.258%47s7-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
=The price spread pays, funding is against you. Pacifica is 0.258% dearer against Phoenix than usual: you sell high and buy low (spread +0.258% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 47 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 | 0.04460 | 0.0179 | pay 0.0022% / 1h | 24m 28s | $20K | $7K | 5x |
| Short | Pacifica MEGA | 0.04471 | 0.0100 | get 0.0013% / 1h | 24m 28s | $14K | $8K | 3x |
Phoenix MEGA
Pacifica MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$16.55
- Price spread: +0.258% → 0.000%
- $25.78
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$5.77
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Pacifica: 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 Pacifica no order-book sample | — | — | — | — | — |
Phoenix and Pacifica: 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 | −0.0144% | 1h | 0.04490 | +0.682% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04466 | +0.138% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0050% | 1h | 0.04469 | +0.213% | $193K | $151K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0099% | 4h | 0.04465 | +0.112% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04467 | +0.163% | $18K | $82K | 5x | as long as short |
| Pacifica MEGAshort | +0.0100% | 1h | 0.04471 | +0.258% | $14K | $8K | 3x | |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04470 | +0.214% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04462 | +0.045% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04464 | +0.090% | $910K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04453 | −0.148% | $131K | $5K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04466 | +0.135% | $191K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04469 | +0.202% | $763K | $347K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04468 | +0.179% | $235K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04471 | +0.247% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04467 | +0.157% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04451 | −0.192% | $224K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04458 | −0.042% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04455 | −0.112% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04463 | +0.067% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04469 | +0.194% | $126K | $613K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0139% | 4h | 0.04462 | +0.045% | $195K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04468 | +0.189% | $3 | — | 3x | as long as short |
| Phoenix MEGAlong | +0.0179% | 1h | 0.04460 | long leg | $20K | $7K | 5x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04466 | +0.130% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0345% | 1h | 0.04465 | +0.112% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.1356% | 1h | 0.04476 | +0.348% | $7.6M | $2.3M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1924% | 1h | 0.04471 | +0.253% | $108 | $15 | 25x | as long as short |
| Lighter MEGA | +0.2952% | 1h | 0.04491 | +0.695% | $631K | $323K | 3x | as long as short |
Gate MEGA_USDT
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
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA