Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.5469%/8h= +598.8% APRnext payment +$6.84 per $10,000 · paid last 24h +1.294%
Price spread now: GMX against ApeX Omni−0.221%68s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.221% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.221% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 3 hours of funding at the current rate (+$164 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MEGAUSDT0.04529−0.0116get 0.0015% / 1h48m 03s$24K$232K50x
ShortGMX MEGA/USD [ETH-USDC]0.04519L +0.0237% / S −0.5353%get 0.0669% / 1h48m 03s$3K45x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$1,148.45
Price spread: −0.221% → 0.000%
−$22.08
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$1,104.37
Costs to cover
0.220%
Break-even
0.3 days
Slippage unknown: ApeX Omni: live order book, 18 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 18 min ago9.75 bp18.6 bp −$19125.2 bp −$1,252doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0432%1h0.04490−0.852%$5K$12K50xas long as short
ApeX Omni MEGAUSDTlong−0.0116%1h0.04529long leg$24K$232K50x
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04520−0.202%$12K150xas long as short
Nado MEGA-PERP+0.0089%1h0.04525−0.077%$195K$140K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04527−0.045%$17K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04537+0.183%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04536+0.151%$4.0M$13.5M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04534+0.110%$3.5M$5.4M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04534+0.110%$931K$3.1M20xas long as short
Gate MEGA_USDT+0.0100%4h0.04528−0.022%$201K$319K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04537+0.177%$841K$359K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04535+0.132%$237K$117K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04535+0.132%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04534+0.110%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04528−0.027%$319K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04552+0.508%$28K$1.7M10xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04521−0.177%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04530+0.022%$1K$1.9M10xas long as short
Bulk MEGA-USD+0.0100%1h0.04600+1.565%$136K$4K10xas long as short
Extended MEGA-USD+0.0104%1h0.04535+0.129%$127K$824K5xas long as short
Backpack MEGA_USDC_PERP+0.0139%1h0.04533+0.088%$18K$43K5xas long as short
BloFin MEGA-USDT+0.0140%4h0.04533+0.088%$203K$89K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04523−0.126%$33xas long as short
Phoenix MEGA+0.0173%1h0.04531+0.044%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]shortL +0.0237% / S −0.5353%1h0.04519−0.221%$3K45x
Lighter MEGA+0.1216%1h0.04549+0.442%$640K$324K3xas long as short
Hyperliquid MEGA+0.2159%1h0.04546+0.384%$7.8M$2.5M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.2315%1h0.04534+0.110%$110$1525xas long as short