Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.018%
Price spread now: Orderly against Reya−0.113%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 Orderly is 0.113% cheaper against Reya than usual: you would sell low and buy high (−$11 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 | 0.04588 | 0.0159 | pay 0.0020% / 1h | 52m 46s | $3 | — | 3x |
| Short | Orderly PERP_MEGA_USDC | 0.04583 | 0.0100 | get 0.0050% / 4h | 52m 46s | $3K | $2K | 10x |
Reya MEGARUSDPERP
Orderly PERP_MEGA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$12.37
- Price spread: −0.113% → 0.000%
- −$11.31
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$35.68
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Reya and Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04586 | −0.050% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0067% | 1h | 0.04589 | +0.007% | $197K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0075% | 4h | 0.04593 | +0.105% | $203K | $95K | 50x | as long as short |
| Bybit MEGAUSDT | +0.0093% | 4h | 0.04576 | −0.266% | $3.5M | $5.9M | 20x | as long as short |
| Lighter MEGA | +0.0096% | 1h | 0.04600 | +0.257% | $614K | $382K | 3x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04587 | −0.022% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04582 | −0.129% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04581 | −0.152% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04579 | −0.193% | $4.1M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04573 | −0.331% | $926K | $3.2M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Bybit MEGAUSDT
Lighter MEGA
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04582 | −0.135% | $207K | $328K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04577 | −0.244% | $780K | $405K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04580 | −0.179% | $229K | $121K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04578 | −0.222% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04575 | −0.287% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04545 | −0.938% | $320K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04565 | −0.499% | $23K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04555 | −0.723% | $23K | $227K | 50x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.0100% | 4h | 0.04583 | −0.113% | $3K | $2K | 10x | |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04584 | −0.091% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04570 | −0.396% | $135K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04579 | −0.194% | $129K | $409K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04588 | long leg | $3 | — | 3x | |
| Phoenix MEGA | +0.0175% | 1h | 0.04567 | −0.462% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04585 | −0.078% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0384% | 1h | 0.04586 | −0.048% | $18K | $55K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0863% | 1h | 0.04589 | +0.018% | $111 | $15 | 25x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.1376% | 1h | 0.04589 | +0.029% | $5K | $12K | 50x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Coinbase International MEGA-PERP-INTX