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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against BingX+0.022%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1071.075% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.022%, 7d avg +0.072%
Together, before fees−0.094%−$9 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: Bulk is 0.049% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.044540.0100pay 0.0050% / 4h1h 38m$1.7M
ShortBulk MEGA-USD0.044550.0100get 0.0013% / 1h38m 17s$131K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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: +0.022% → +0.072%
−$4.93
Slippage, 4 orders
−$90.5
Fee BingX: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$112.43
Costs to cover
1.075%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Bulk: live order book, 46 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, 9 min ago15.74 bp28.6 bp −$2986.1 bp −$861725.7 bp −$72.6K1229.9 bp −$614.9K
Sell Bulk live order book, 46 min ago11.20 bp14.7 bp −$1527.7 bp −$277303.3 bp −$30.3Kdoesn't fit

MEGA on 28 venues

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−0.0144%1h0.04490+0.817%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04461+0.157%$12K150xas long as short
Nado MEGA-PERP+0.0049%1h0.04465+0.247%$193K$152K2xas long as short
Orderly PERP_MEGA_USDC+0.0099%4h0.04461+0.157%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04461+0.167%$18K$82K5xas long as short
Pacifica MEGA+0.0100%1h0.04464+0.225%$14K$8K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04458+0.090%$3.9M$12.8M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04456+0.045%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04457+0.067%$913K$2.9M20xas long as short
Bulk MEGA-USDshort+0.0100%1h0.04455+0.022%$131K$5K10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04461+0.157%$190K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04456+0.045%$761K$346K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04461+0.157%$235K$113K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04457+0.067%$1.1M$1.4M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04454long leg$1.7M
Variational Omni MEGA+0.0100%4h0.04457+0.078%$224K$135Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04458+0.080%$22K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.044540.000%$24K$230K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04465+0.247%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04459+0.105%$126K$613K5xas long as short
BloFin MEGA-USDT+0.0141%4h0.04461+0.157%$196K$76K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04464+0.224%$33xas long as short
Phoenix MEGA+0.0179%1h0.04461+0.157%$20K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04460+0.141%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0438%1h0.04461+0.157%$18K$41K5xas long as short
Hyperliquid MEGA+0.1461%1h0.04475+0.480%$7.6M$2.3M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1792%1h0.04465+0.254%$108$1525xas long as short
Lighter MEGA+0.1816%1h0.04478+0.539%$621K$314K3xas long as short