Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Bybit against ApeX Omni+0.217%79s7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as 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−$880.878% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.217%, 7d avg −0.077%

Together, before fees−0.528%−$53 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: Bybit is 0.295% dearer against ApeX Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.077%. The two prices were read 79 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	0.04608	0.0100	pay 0.0013% / 1h	8m 10s	$25K	$231K	50x
Short	Bybit MEGAUSDT	0.04618	0.0100	get 0.0050% / 4h	3h 08m	$3.6M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → −0.077%: $29.45
Slippage, 4 orders: −$66.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.36
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Bybit: live order book, 5 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, 63 min ago	8.87 bp	17.2 bp −$17	126.1 bp −$1,261	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.17 bp	29.2 bp −$29	135.6 bp −$1,356	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
Coinbase International MEGA-PERP-INTX	−0.0048%	1h	0.04490	−2.552%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04621	+0.283%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04610	+0.043%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0040%	1h	0.04621	+0.293%	$200K	$136K	2x	as long as short
BloFin MEGA-USDT	+0.0089%	4h	0.04644	+0.781%	$201K	$90K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04622	+0.303%	$20K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04629	+0.456%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04625	+0.374%	$4.1M	$13.3M	50x	as long as short
Bybit MEGAUSDTshort	+0.0100%	4h	0.04618	+0.217%	$3.6M	$5.3M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04616	+0.174%	$945K	$3.1M	20x	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	0.04619	+0.239%	$202K	$315K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04624	+0.347%	$860K	$362K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04626	+0.391%	$243K	$116K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04619	+0.239%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04618	+0.217%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04606	−0.049%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04601	−0.151%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04608	long leg	$25K	$231K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04621	+0.282%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04624	+0.347%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	−0.933%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04620	+0.270%	$130K	$822K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04621	+0.278%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04621	+0.278%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0384%	1h	0.04624	+0.347%	$19K	$41K	5x	as long as short
Lighter MEGA	+0.1000%	1h	0.04647	+0.846%	$653K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1210%	1h	0.04633	+0.540%	$7.9M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2087%	1h	0.04632	+0.532%	$112	$15	25x	as long as short