Funding you earn now, next payment 03:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.026%
Price spread now: Bybit against Reya−0.026%7-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 Bybit is 0.026% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04592 | 0.0159 | pay 0.0020% / 1h | 18m 11s | $3 | — | 3x |
| Short | Bybit MEGAUSDT | 0.04591 | 0.0100 | get 0.0050% / 4h | 1h 18m | $3.6M | $5.6M | 20x |
Reya MEGARUSDPERP
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$12.35
- Price spread: −0.026% → 0.000%
- −$2.6
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.95
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 1.09 bp | 32.0 bp −$32 | 137.1 bp −$1,371 | 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 | −0.0800% | 1h | 0.04490 | −2.217% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04594 | +0.034% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04593 | +0.013% | $198K | $141K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04602 | +0.222% | $8.0M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04594 | +0.036% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04594 | +0.038% | $4.1M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04591 | −0.026% | $3.6M | $5.6M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04595 | +0.061% | $944K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | −0.592% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04593 | +0.018% | $203K | $318K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Binance 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_USDT | +0.0100% | 4h | 0.04594 | +0.039% | $820K | $368K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04595 | +0.061% | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04598 | +0.126% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04596 | +0.083% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04580 | −0.262% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04564 | −0.605% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04585 | −0.157% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04592 | −0.004% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04592 | −0.004% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04592 | +0.003% | $130K | $821K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0138% | 4h | 0.04586 | −0.135% | $203K | $94K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0150% | 1h | 0.04599 | +0.148% | $18K | $46K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04592 | long leg | $3 | — | 3x | |
| Phoenix MEGA | +0.0175% | 1h | 0.04581 | −0.244% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04593 | +0.011% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04594 | +0.046% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0560% | 1h | 0.04616 | +0.518% | $653K | $336K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1274% | 1h | 0.04601 | +0.183% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Backpack MEGA_USDC_PERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL