Funding you earn now, next payment 06:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Reya−0.057%48s7-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
=Together, before fees—+ Points / potential airdropReya: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.057% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | 0.04500 | 0.0159 | pay 0.0020% / 1h | 41m 35s | $3 | — | 3x |
| Short | Extended MEGA-USD | 0.04497 | 0.0104 | get 0.0013% / 1h | 41m 35s | $126K | $431K | 5x |
Reya MEGARUSDPERP
Extended MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$11.52
- Price spread: −0.057% → 0.000%
- −$5.68
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$28.2
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Extended: live order book, 6 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 Extended live order book, 6 min ago | 4.42 bp | 63.3 bp −$63 | 349.5 bp −$3,495 | 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 | −0.0048% | 1h | 0.04589 | +1.991% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0008% | 4h | 0.04500 | +0.002% | $3.5M | $5.8M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04502 | +0.048% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04501 | +0.025% | $194K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0097% | 4h | 0.04508 | +0.180% | $200K | $93K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | +0.079% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04503 | +0.078% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04502 | +0.047% | $4.0M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04498 | −0.042% | $917K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04511 | +0.252% | $133K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04503 | +0.069% | $200K | $325K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04502 | +0.047% | $805K | $383K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04504 | +0.091% | $229K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04498 | −0.042% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04499 | −0.020% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04507 | +0.158% | $18K | $54K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04510 | +0.218% | $318K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04511 | +0.249% | $28K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04510 | +0.225% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04504 | +0.091% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04503 | +0.069% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USDshort | +0.0104% | 1h | 0.04497 | −0.057% | $126K | $431K | 5x | |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04500 | long leg | $3 | — | 3x | |
| Phoenix MEGA | +0.0177% | 1h | 0.04518 | +0.402% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04501 | +0.029% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0376% | 1h | 0.04524 | +0.536% | $630K | $352K | 3x | as long as short |
| Hyperliquid MEGA | +0.0477% | 1h | 0.04511 | +0.245% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0816% | 1h | 0.04509 | +0.209% | $109 | $15 | 25x | as long as short |
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
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL