Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against Binance−0.103%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.103% cheaper against Binance than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 5.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04571	0.0100	pay 0.0050% / 4h	1h 06m	$4.0M	$13.7M	50x
Short	Reya MEGARUSDPERP	0.04567	0.0159	get 0.0020% / 1h	6m 09s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.103%Rate

Funding earned: $12.37
Price spread: −0.103% → 0.000%: −$10.31
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$13.94
Costs to cover: 0.160%
Break-even: 14.9 days

Slippage unknown: Binance: live order book, 4 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	2.20 bp	30.2 bp −$30	131.6 bp −$1,316	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04566	−0.126%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0055%	1h	0.04567	−0.087%	$197K	$141K	2x	as long as short
BloFin MEGA-USDT	+0.0080%	4h	0.04548	−0.514%	$200K	$94K	50x	as long as short
Lighter MEGA	+0.0096%	1h	0.04589	+0.383%	$613K	$382K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04571	−0.010%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04559	−0.266%	$14K	$10K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04571	long leg	$4.0M	$13.7M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04572	+0.011%	$3.5M	$5.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04570	−0.032%	$921K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04520	−1.126%	$133K	$111	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	0.04571	−0.010%	$207K	$327K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04574	+0.055%	$776K	$410K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04574	+0.055%	$228K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04577	+0.121%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04576	+0.099%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04534	−0.816%	$319K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04533	−0.844%	$23K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04536	−0.776%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04565	−0.142%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04568	−0.076%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04565	−0.137%	$129K	$410K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04567	−0.103%	$3	—	3x
Phoenix MEGA	+0.0176%	1h	0.04539	−0.710%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04561	−0.220%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0297%	1h	0.04584	+0.265%	$7.9M	$2.6M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0458%	1h	0.04579	+0.165%	$18K	$55K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0867%	1h	0.04571	−0.013%	$111	$15	25x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0872%	1h	0.04589	+0.394%	$5K	$12K	50x	as long as short