MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.013%

Price spread now: Phoenix against Reya+0.483%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Phoenix

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

The price spread pays, funding is against you. Phoenix is 0.483% dearer against Reya than usual: you sell high and buy low (spread +0.483% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04437	0.0159	pay 0.0020% / 1h	56m 35s	$3	—	3x
Short	Phoenix MEGA	0.04458	0	get 0.0000% / 1h	56m 35s	$20K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee PhoenixbpOrdersPrice spread, now +0.483%Rate

Funding earned: −$33.32
Price spread: +0.483% → 0.000%: $48.28
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.95
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Reya and Phoenix: 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	−0.818%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04435	−0.045%	$12K	—	150x	as long as short
Phoenix MEGAshort	0.0000%	1h	0.04458	+0.483%	$20K	$7K	5x
Nado MEGA-PERP	+0.0036%	1h	0.04437	+0.021%	$192K	$158K	2x	as long as short
BloFin MEGA-USDT	+0.0089%	4h	0.04435	−0.036%	$197K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04435	−0.036%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04440	+0.076%	$20K	$81K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04444	+0.167%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04442	+0.122%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04435	−0.036%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04436	−0.013%	$909K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04460	+0.528%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04438	+0.032%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04439	+0.054%	$783K	$349K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04442	+0.122%	$229K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04440	+0.077%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04435	−0.036%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04441	+0.100%	$14K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04458	+0.484%	$241K	$107K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04452	+0.348%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04449	+0.280%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04437	+0.009%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04436	−0.013%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04437	long leg	$3	—	3x
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04435	−0.047%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1138%	1h	0.04455	+0.408%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1408%	1h	0.04464	+0.618%	$600K	$299K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1418%	1h	0.04444	+0.178%	$108	$15	25x	as long as short