Funding you earn now, next payment 22:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.020%
Price spread now: BloFin against Reya−0.053%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.053% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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 | Reya MEGARUSDPERP | 0.04418 | 0.0159 | pay 0.0020% / 1h | 35m 20s | $3 | — | 3x |
| Short | BloFin MEGA-USDT | 0.04416 | 0.0078 | get 0.0039% / 4h | 2h 35m | $196K | $75K | 50x |
Reya MEGARUSDPERP
BloFin MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- −$16.97
- Price spread: −0.053% → 0.000%
- −$5.32
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.29
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 47 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 BloFin live order book, 47 min ago | 3.36 bp | 23.3 bp −$23 | 65.5 bp −$655 | 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 | 0.04400 | −0.409% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04416 | −0.064% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04417 | −0.031% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0068% | 1h | 0.04419 | +0.003% | $191K | $151K | 2x | as long as short |
| BloFin MEGA-USDTshort | +0.0078% | 4h | 0.04416 | −0.053% | $196K | $75K | 50x | |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04417 | −0.031% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04418 | −0.002% | $19K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04419 | +0.022% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04418 | −0.015% | $3.9M | $12.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04414 | −0.098% | $3.4M | $4.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04416 | −0.053% | $904K | $2.8M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04420 | +0.037% | $130K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04416 | −0.053% | $188K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04417 | −0.031% | $767K | $352K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04419 | +0.015% | $228K | $111K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04420 | +0.037% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04416 | −0.053% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04420 | +0.037% | $15K | $39K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04414 | −0.091% | $235K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04419 | +0.011% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04417 | −0.031% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04419 | +0.015% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04417 | −0.031% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04418 | long leg | $3 | — | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04415 | −0.071% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0973% | 1h | 0.04422 | +0.089% | $107 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.1249% | 1h | 0.04428 | +0.227% | $7.5M | $2.4M | 3x | as long as short |
| Lighter MEGA | +0.1896% | 1h | 0.04439 | +0.467% | $614K | $317K | 3x | as long as short |
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA
Lighter MEGA