Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.018%

Price spread now: BingX against Reya+0.159%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. BingX is 0.159% dearer against Reya than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04503	0.0159	pay 0.0020% / 1h	42m 43s	$3	—	3x
Short	BingX MEGA-USDT	0.04510	0.0100	get 0.0050% / 4h	2h 42m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$12.36
Price spread: +0.159% → 0.000%: $15.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 10 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	16.56 bp	38.3 bp −$38	90.6 bp −$906	686.1 bp −$68.6K	doesn't fit

Reya: 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	−0.0048%	1h	0.04589	+1.925%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04502	−0.016%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0025%	4h	0.04501	−0.040%	$3.5M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0065%	1h	0.04504	+0.026%	$194K	$141K	2x	as long as short
BloFin MEGA-USDT	+0.0097%	4h	0.04508	+0.115%	$200K	$93K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04506	+0.064%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04506	+0.075%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04506	+0.064%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04500	−0.063%	$917K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04530	+0.604%	$134K	$111	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04506	+0.071%	$200K	$325K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04503	+0.004%	$806K	$383K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04505	+0.048%	$229K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04509	+0.137%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04510	+0.159%	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04507	+0.093%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04510	+0.153%	$318K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	+0.184%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04510	+0.159%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04501	−0.040%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04500	−0.063%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04504	+0.035%	$126K	$430K	5x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04503	long leg	$3	—	3x
Phoenix MEGA	+0.0177%	1h	0.04518	+0.337%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04501	−0.045%	$3K	—	45x	as long as short
Lighter MEGA	+0.0376%	1h	0.04527	+0.537%	$631K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0492%	1h	0.04516	+0.295%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0727%	1h	0.04507	+0.097%	$109	$15	25x	as long as short