Funding you earn now, next payment 22:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.002%
Price spread now: Phoenix against SunX−0.022%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.022% cheaper against SunX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day). The two prices were read 51 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 | SunX MEGA-USDT | 0.04462 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $2K | $1.9M | 10x |
| Short | Phoenix MEGA | 0.04461 | 0.0179 | get 0.0022% / 1h | 39m 24s | $20K | $7K | 5x |
SunX MEGA-USDT
Phoenix MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $16.55
- Price spread: −0.022% → 0.000%
- −$2.24
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$0.69
- Costs to cover
- 0.150%
- Break-even
- 7.3 days
Slippage unknown: SunX: live order book, 6 min ago; 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 SunX live order book, 6 min ago | 500.56 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | −0.0144% | 1h | 0.04490 | +0.636% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04457 | −0.107% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0048% | 1h | 0.04459 | −0.056% | $193K | $152K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0098% | 4h | 0.04456 | −0.134% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04460 | −0.047% | $18K | $82K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04460 | −0.036% | $14K | $8K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04461 | −0.022% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04457 | −0.112% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04458 | −0.090% | $912K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04455 | −0.157% | $131K | $5K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit 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 | 0.04456 | −0.134% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04460 | −0.045% | $762K | $346K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04461 | −0.022% | $235K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04461 | −0.022% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04458 | −0.090% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04457 | −0.101% | $224K | $135K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04458 | −0.099% | $22K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04454 | −0.179% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDTlong | +0.0100% | 4h | 0.04462 | long leg | $2K | $1.9M | 10x | |
| Extended MEGA-USD | +0.0104% | 1h | 0.04460 | −0.051% | $126K | $613K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0137% | 4h | 0.04464 | +0.045% | $196K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04460 | −0.044% | $3 | — | 3x | as long as short |
| Phoenix MEGAshort | +0.0179% | 1h | 0.04461 | −0.022% | $20K | $7K | 5x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04457 | −0.121% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0396% | 1h | 0.04461 | −0.022% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.1452% | 1h | 0.04472 | +0.217% | $7.6M | $2.3M | 3x | as long as short |
| Lighter MEGA | +0.1648% | 1h | 0.04478 | +0.359% | $621K | $314K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1815% | 1h | 0.04464 | +0.047% | $108 | $15 | 25x | 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
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL