Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against Variational Omni+0.211%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.211% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04497	0.0100	pay 0.0050% / 4h	35m 05s	$226K	$133K	—
Short	Reya MEGARUSDPERP	0.04507	0.0159	get 0.0020% / 1h	35m 05s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.211%Rate

Funding earned: $12.33
Price spread: +0.211% → 0.000%: $21.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $27.42
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Reya: 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, 44 min ago	4.47 bp	doesn't fit	288.6 bp −$2,886	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0018% / S +0.0023%	1h	0.04503	+0.130%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0099%	1h	0.04507	+0.223%	$195K	$135K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	+0.189%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04508	+0.226%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04503	+0.112%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	+0.301%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04505	+0.167%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	+0.189%	$920K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04505	+0.167%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04506	+0.189%	$193K	$309K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04508	+0.234%	$770K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04509	+0.256%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04509	+0.256%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04508	+0.234%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04497	long leg	$226K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04504	+0.142%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04499	+0.034%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04509	+0.256%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04505	+0.163%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0124%	4h	0.04504	+0.145%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04507	+0.211%	$3	—	3x
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04505	+0.156%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.157%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04504	+0.145%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0633%	1h	0.04513	+0.345%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1145%	1h	0.04520	+0.501%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1459%	1h	0.04513	+0.336%	$109	$15	25x	as long as short
Lighter MEGA	+0.1536%	1h	0.04531	+0.745%	$637K	$319K	3x	as long as short