MEGA

Alert

Funding spread now, next payment 14:00 UTC0.0000%/8h

paid, last 24h−0.026%paid, last 3 days+0.487%to open and closeno order book

Long on Backpack Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MEGA_USDC_PERP	0.04438	0.0100	pay 0.0013% / 1h	0m 39s	$14K	$26K	5x
Short	Variational Omni MEGA	0.04437	0.0100	get 0.0050% / 4h	2h 00m	$176K	$15K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Variational OmnibpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Variational Omni: RFQ quote, 60 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.016%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 60 min ago	8.93 bp	doesn't fit	145.1 bp −$1,451	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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MEGAUSDT	−0.0184%	4h	$3.1M	$2.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	$20K	$5K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	$193	—	150x	as long as short
BloFin MEGA-USDT	+0.0083%	4h	$202K	$43K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	$3K	$53	10x	as long as short
Hyperliquid MEGA	+0.0100%	1h	$6.6M	$1.2M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$28K	$27K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$14K	$5K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.0M	$6.3M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$852K	$1.5M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	$132K	$569	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	$184K	$111K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$643K	$260K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$197K	$52K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.0M	$635K	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERPlong	+0.0100%	1h	$14K	$26K	5x
Variational Omni MEGAshort	+0.0100%	4h	$176K	$15K	—
ApeX Omni MEGAUSDT	+0.0100%	1h	$27K	$214K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.1M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$131K	$600K	5x	as long as short
Nado MEGA-PERP	+0.0145%	1h	$180K	$64K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	$3K	—	45x	as long as short
Lighter MEGA	+0.0776%	1h	$533K	$81K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1128%	1h	$7K	$4K	50x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1712%	1h	$108	$15	25x	as long as short