Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against SunX+0.089%7-day average −0.104% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)−2.535%−$254 · spread now +0.089%, 7d avg −0.104%

Together, before fees−2.702%−$270 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.193% dearer against SunX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MEGA-USDT	0.04503	0.0100	pay 0.0050% / 4h	1h 02m	$1K	$1.9M	10x
Short	Bybit MEGAUSDT	0.04507	0.0100	get 0.0050% / 4h	1h 02m	$3.5M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.104%: $19.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $0.28
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; Bybit: live order book, 10 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 SunX live order book, 12 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	2.23 bp	33.5 bp −$34	143.7 bp −$1,437	doesn't fit	doesn't fit

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	−0.0144%	1h	0.04490	−0.280%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04500	−0.062%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0057%	4h	0.04500	−0.067%	$194K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04499	−0.078%	$194K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04500	−0.067%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04505	+0.046%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04499	−0.082%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	+0.183%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDTshort	+0.0100%	4h	0.04507	+0.089%	$3.5M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	+0.133%	$915K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04484	−0.431%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04506	+0.067%	$193K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04511	+0.178%	$774K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04511	+0.178%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04511	+0.178%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04510	+0.155%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04480	−0.502%	$225K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04496	−0.155%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04483	−0.444%	$25K	$230K	50x	as long as short
SunX MEGA-USDTlong	+0.0100%	4h	0.04503	long leg	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04509	+0.125%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04502	−0.013%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04492	−0.244%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04500	−0.067%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0497%	1h	0.04512	+0.200%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1180%	1h	0.04521	+0.409%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1461%	1h	0.04509	+0.129%	$109	$15	25x	as long as short
Lighter MEGA	+0.2376%	1h	0.04532	+0.644%	$637K	$323K	3x	as long as short