Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%
Price spread now: Extended against Backpack−0.246%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.246% cheaper against Backpack than usual: you would sell low and buy high, −$25 on $10k if it 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 | Backpack MEGA_USDC_PERP | 0.04540 | 0.0100 | pay 0.0013% / 1h | 41m 45s | $18K | $46K | 5x |
| Short | Extended MEGA-USD | 0.04529 | 0.0104 | get 0.0013% / 1h | 41m 45s | $128K | $825K | 5x |
Backpack MEGA_USDC_PERP
Extended MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.246% → 0.000%
- −$24.62
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$38.78
- Costs to cover
- 0.150%
- Break-even
- 330.2 days
Slippage unknown: Backpack: no order-book sample; Extended: live order book, 21 min ago. 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 21 min ago | 3.29 bp | 53.2 bp −$53 | 311.9 bp −$3,119 | doesn't fit | doesn't fit |
Backpack: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0800% | 1h | 0.04490 | −1.093% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04537 | −0.066% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04537 | −0.066% | $196K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0065% | 4h | 0.04528 | −0.264% | $202K | $90K | 50x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04539 | −0.033% | $7.8M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04536 | −0.088% | $18K | $90K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04529 | −0.249% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04528 | −0.264% | $3.5M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04526 | −0.308% | $930K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04530 | −0.218% | $134K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04530 | −0.220% | $200K | $317K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04534 | −0.132% | $803K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04534 | −0.132% | $226K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04533 | −0.154% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04528 | −0.264% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERPlong | +0.0100% | 1h | 0.04540 | long leg | $18K | $46K | 5x | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04530 | −0.216% | $320K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04531 | −0.200% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04538 | −0.044% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04538 | −0.044% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04538 | −0.044% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USDshort | +0.0104% | 1h | 0.04529 | −0.246% | $128K | $825K | 5x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04537 | −0.072% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04534 | −0.132% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04538 | −0.040% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04531 | −0.203% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0592% | 1h | 0.04552 | +0.264% | $644K | $330K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1469% | 1h | 0.04546 | +0.128% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL