Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.018%

Price spread now: Bitget against Reya+0.038%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 Bitget

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. Bitget is 0.038% dearer against Reya than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04485	0.0159	pay 0.0020% / 1h	17m 21s	$3	—	3x
Short	Bitget MEGAUSDT	0.04487	0.0100	get 0.0050% / 4h	2h 17m	$1.1M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$12.33
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.45 bp	28.5 bp −$29	123.6 bp −$1,236	doesn't fit	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	−0.0288%	1h	0.04490	+0.114%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04484	−0.019%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04497	+0.261%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0050%	1h	0.04488	+0.072%	$194K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04484	−0.029%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04486	+0.021%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04489	+0.092%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04486	+0.016%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04484	−0.029%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04486	+0.016%	$919K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04500	+0.317%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04484	−0.029%	$191K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04485	−0.007%	$773K	$356K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04490	+0.105%	$237K	$112K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04487	+0.038%	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04485	−0.007%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04493	+0.177%	$239K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04494	+0.187%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04493	+0.172%	$25K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04489	+0.083%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04488	+0.070%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0153%	4h	0.04485	−0.007%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04485	long leg	$3	—	3x
Backpack MEGA_USDC_PERP	+0.0174%	1h	0.04491	+0.127%	$18K	$41K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04484	−0.035%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0864%	1h	0.04493	+0.181%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1223%	1h	0.04498	+0.272%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.2792%	1h	0.04508	+0.506%	$623K	$327K	3x	as long as short