Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0925%/8h= +101.3% APRpaid last 24h +0.354%

Price spread now: Deribit against Variational Omni−0.071%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Deribit is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04557	0.0100	pay 0.0050% / 4h	3h 08m	$322K	$226K	—
Short	Deribit MEGA_USDC-PERPETUAL	0.04554	0.1025	get 0.0128% / 1h	8m 50s	$110	$15	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.071%Rate

Funding earned: $194.3
Price spread: −0.071% → 0.000%: −$7.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $180.16
Costs to cover: 0.070%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Deribit: 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 Variational Omni RFQ quote, 45 min ago	5.45 bp	doesn't fit	158.2 bp −$1,582	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0680%	1h	0.04589	+0.710%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04571	+0.304%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04548	−0.200%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0058%	4h	0.04556	−0.025%	$201K	$94K	50x	as long as short
Bybit MEGAUSDT	+0.0080%	4h	0.04545	−0.267%	$3.5M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0086%	1h	0.04551	−0.124%	$196K	$143K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04550	−0.156%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04555	−0.050%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04550	−0.156%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04541	−0.355%	$928K	$3.2M	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	0.04571	+0.307%	$135K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04549	−0.179%	$202K	$327K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04547	−0.223%	$796K	$377K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04549	−0.179%	$232K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04548	−0.201%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04545	−0.267%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04551	−0.135%	$18K	$53K	5x	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04557	long leg	$322K	$226K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04570	+0.286%	$25K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04568	+0.238%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04547	−0.223%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04554	−0.069%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04546	−0.249%	$129K	$456K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04549	−0.174%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04546	−0.238%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0399%	1h	0.04556	−0.017%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.0952%	1h	0.04571	+0.304%	$647K	$344K	3x	as long as short
Deribit MEGA_USDC-PERPETUALshort	+0.1025%	1h	0.04554	−0.071%	$110	$15	25x