Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni0.000%83s7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.084% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now 0.000%, 7d avg −0.076%

Together, before fees−0.201%−$20 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: BingX is 0.076% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.076%. The two prices were read 83 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	ApeX Omni MEGAUSDT	0.04537	0.0100	pay 0.0013% / 1h	10m 05s	$24K	$224K	50x
Short	BingX MEGA-USDT	0.04537	0.0100	get 0.0050% / 4h	10m 05s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.076%: $7.64
Slippage, 4 orders: −$88.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.78
Costs to cover: 1.084%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; BingX: live order book, 10 min ago.

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 ApeX Omni live order book, 29 min ago	11.01 bp	19.3 bp −$19	137.0 bp −$1,370	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	16.54 bp	35.0 bp −$35	91.4 bp −$914	752.5 bp −$75.3K	1149.6 bp −$574.8K

MEGA on 28 exchanges

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
Bybit MEGAUSDT	−0.0190%	4h	0.04540	+0.066%	$3.5M	$5.3M	20x	as long as short
Coinbase International MEGA-PERP-INTX	−0.0168%	1h	0.04589	+1.157%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04537	0.000%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04537	+0.005%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0043%	1h	0.04537	−0.011%	$195K	$139K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04536	−0.022%	$3K	$2K	10x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04544	+0.159%	$7.9M	$2.4M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04541	+0.080%	$21K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04539	+0.044%	$14K	$11K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04541	+0.080%	$4.0M	$12.9M	50x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04538	+0.022%	$903K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04540	+0.066%	$141K	$8K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04538	+0.022%	$204K	$321K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04538	+0.022%	$681K	$400K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04539	+0.044%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04540	+0.066%	$1.0M	$1.4M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04537	0.000%	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04542	+0.110%	$18K	$52K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04536	−0.027%	$334K	$235K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04537	−0.010%	$28K	$2.4M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04537	long leg	$24K	$224K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04537	0.000%	$1K	$1.7M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04537	−0.002%	$130K	$805K	5x	as long as short
BloFin MEGA-USDT	+0.0131%	4h	0.04536	−0.022%	$198K	$82K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04536	−0.027%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04536	−0.024%	$3K	—	45x	as long as short
Lighter MEGA	+0.0840%	1h	0.04558	+0.463%	$607K	$414K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0852%	1h	0.04542	+0.110%	$110	$15	25x	as long as short