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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against BingX−0.044%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1191.195% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.307%+$31 · spread now −0.044%, 7d avg +0.076%
Together, before fees+0.307%+$31 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: ApeX Omni is 0.119% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.045770.0100pay 0.0050% / 4h1h 29m$1.7M
ShortApeX Omni MEGAUSDT0.045750.0100get 0.0013% / 1h29m 11s$24K$225K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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
$0
Price spread: −0.044% → +0.076%
−$11.93
Slippage, 4 orders
−$99.48
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$131.41
Costs to cover
1.195%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; ApeX Omni: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago16.12 bp33.5 bp −$3492.6 bp −$926doesn't fitdoesn't fit
Sell ApeX Omni live order book, 15 min ago13.96 bp21.3 bp −$21141.4 bp −$1,414doesn't fitdoesn't fit

MEGA on 28 exchanges

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−0.0328%1h0.04589+0.273%$5K$12K50xas long as short
Bybit MEGAUSDT−0.0173%4h0.04579+0.044%$3.5M$5.4M20xas long as short
Phoenix MEGA0.0000%1h0.04589+0.262%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04578+0.013%$1K150xas long as short
Nado MEGA-PERP+0.0070%1h0.04580+0.066%$197K$137K2xas long as short
Orderly PERP_MEGA_USDC+0.0098%4h0.04579+0.044%$3K$2K10xas long as short
Hyperliquid MEGA+0.0100%1h0.04584+0.151%$7.9M$2.4M3xas long as short
Aster MEGAUSDT+0.0100%4h0.04580+0.057%$20K$89K5xas long as short
Pacifica MEGA+0.0100%1h0.04577+0.004%$14K$11K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04580+0.073%$4.0M$12.9M50xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MEGA-USDT-SWAP+0.0100%4h0.045770.000%$921K$3.0M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04650+1.595%$137K$35410xas long as short
Gate MEGA_USDT+0.0100%4h0.04578+0.022%$205K$324K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04581+0.087%$707K$396K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.045770.000%$244K$113K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04580+0.066%$1.0M$1.4M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04577long leg$1.7M
Backpack MEGA_USDC_PERP+0.0100%1h0.04581+0.087%$17K$52K5xas long as short
Variational Omni MEGA+0.0100%4h0.04574−0.056%$336K$235Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04574−0.065%$28K$2.3M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04575−0.044%$24K$225K50x
SunX MEGA-USDT+0.0100%4h0.04572−0.109%$2K$1.7M10xas long as short
BloFin MEGA-USDT+0.0103%4h0.04573−0.087%$206K$81K50xas long as short
Extended MEGA-USD+0.0104%1h0.04578+0.022%$128K$794K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04573−0.089%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04582+0.101%$3K45xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0252%1h0.04585+0.168%$111$1525xas long as short
Lighter MEGA+0.0792%1h0.04601+0.524%$613K$418K3xas long as short