Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.005%

Price spread now: BloFin against ApeX Omni0.000%103s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$880.881% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+1.559%+$156 · spread now 0.000%, 7d avg +0.069%

Together, before fees+1.531%+$153 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.069% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.069%). Swap the legs. The two prices were read 103 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	0.04576	0.0100	pay 0.0013% / 1h	3m 29s	$24K	$228K	50x
Short	BloFin MEGA-USDT	0.04576	0.0072	get 0.0036% / 4h	1h 03m	$201K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$5.96
Price spread: 0.000% → +0.069%: −$6.9
Slippage, 4 orders: −$66.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.96
Costs to cover: 0.881%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; BloFin: live order book, 7 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, 38 min ago	11.09 bp	18.5 bp −$18	126.9 bp −$1,269	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.10 bp	27.3 bp −$27	85.4 bp −$854	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
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04566	−0.226%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0054%	1h	0.04567	−0.197%	$197K	$141K	2x	as long as short
BloFin MEGA-USDTshort	+0.0072%	4h	0.04576	0.000%	$201K	$95K	50x
Lighter MEGA	+0.0096%	1h	0.04592	+0.350%	$613K	$382K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04571	−0.101%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04575	−0.022%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04569	−0.156%	$4.0M	$13.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04570	−0.131%	$3.5M	$5.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04566	−0.219%	$922K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04520	−1.224%	$133K	$111	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04574	−0.044%	$207K	$327K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04575	−0.022%	$779K	$411K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04576	0.000%	$228K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04573	−0.066%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04573	−0.066%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04564	−0.258%	$321K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04578	+0.048%	$23K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04576	long leg	$24K	$228K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04569	−0.153%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04565	−0.240%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04574	−0.050%	$129K	$409K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04564	−0.256%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04539	−0.809%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04566	−0.227%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0284%	1h	0.04580	+0.092%	$7.9M	$2.6M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0464%	1h	0.04577	+0.022%	$18K	$55K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0691%	1h	0.04574	−0.050%	$111	$15	25x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0872%	1h	0.04589	+0.295%	$5K	$12K	50x	as long as short