Funding you earn now, next payment 21:00 UTC−0.0447%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h +0.238%
Price spread now: Coinbase International against Reya−0.975%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 −$13 a day on $10k at the current rate, and Coinbase International is 0.975% cheaper against Reya than usual: you would sell low and buy high (−$97 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 | 0.04444 | 0.0159 | pay 0.0020% / 1h | 52m 40s | $3 | — | 3x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04400 | −0.0288 | pay 0.0036% / 1h | 52m 40s | $5K | $11K | 50x |
Reya MEGARUSDPERP
Coinbase International MEGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$93.8
- Price spread: −0.975% → 0.000%
- −$97.45
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$207.26
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Reya and Coinbase International: 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-INTXshort | −0.0288% | 1h | 0.04400 | −0.975% | $5K | $11K | 50x | |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04441 | −0.067% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04458 | +0.324% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0056% | 1h | 0.04431 | −0.272% | $191K | $152K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0092% | 4h | 0.04443 | −0.014% | $198K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04440 | −0.081% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04438 | −0.123% | $20K | $79K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04437 | −0.153% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04432 | −0.263% | $4.0M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04428 | −0.351% | $3.4M | $4.9M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
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 | 0.04430 | −0.306% | $908K | $2.8M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04460 | +0.369% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04435 | −0.194% | $189K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04434 | −0.216% | $782K | $350K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04436 | −0.171% | $228K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04432 | −0.261% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04429 | −0.329% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04442 | −0.036% | $15K | $40K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04441 | −0.059% | $236K | $110K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04452 | +0.186% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04435 | −0.194% | $24K | $228K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04444 | +0.009% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04431 | −0.292% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04444 | long leg | $3 | — | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04439 | −0.092% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.1360% | 1h | 0.04449 | +0.124% | $7.6M | $2.3M | 3x | as long as short |
| Lighter MEGA | +0.1456% | 1h | 0.04454 | +0.234% | $599K | $299K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2047% | 1h | 0.04451 | +0.162% | $108 | $15 | 25x | 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]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL