Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance0.000%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$550as in the Funding arb table

Net, price: spread back to 7d avg − costs−$557as in the Price arb table

costs, in and out, $10k−$5545.541% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now 0.000%, 7d avg +0.026%

Together, before fees+0.036%+$4 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: KuCoin is 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04522	0.0100	pay 0.0050% / 4h	22m 20s	$3.9M	$12.9M	50x
Short	KuCoin MEGAUSDTM	0.04522	0.0100	get 0.0050% / 4h	22m 20s	$238K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.026%: −$2.59
Slippage, 4 orders: −$532.07
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$556.66
Costs to cover: 5.541%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 38 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 Binance live order book, 3 min ago	1.11 bp	13.8 bp −$14	97.5 bp −$975	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	12.20 bp	260.6 bp −$261	doesn't fit	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 −0.0018% / S +0.0023%	1h	0.04519	−0.058%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0063%	4h	0.04509	−0.287%	$195K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0097%	1h	0.04519	−0.066%	$195K	$135K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04520	−0.044%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04517	−0.111%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04517	−0.106%	$14K	$9K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04522	long leg	$3.9M	$12.9M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04516	−0.133%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04520	−0.044%	$922K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04515	−0.158%	$133K	$2K	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	0.04517	−0.111%	$195K	$312K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04518	−0.088%	$769K	$352K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04522	0.000%	$238K	$114K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04521	−0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04519	−0.066%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04508	−0.299%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04514	−0.183%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04513	−0.199%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04515	−0.155%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04520	−0.050%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04521	−0.012%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04520	−0.049%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.699%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04516	−0.133%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0479%	1h	0.04519	−0.066%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1111%	1h	0.04530	+0.184%	$7.7M	$2.4M	3x	as long as short
Lighter MEGA	+0.1504%	1h	0.04538	+0.354%	$638K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1564%	1h	0.04529	+0.157%	$110	$15	25x	as long as short