Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BingX+0.044%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1401.398% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.044%, 7d avg +0.009%
=The price spread pays, funding is against you. Bybit is 0.035% dearer against BingX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.009%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.140% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MEGA-USDT | 0.04559 | 0.0100 | pay 0.0050% / 4h | 3h 11m | — | $1.7M | — |
| Short | Bybit MEGAUSDT | 0.04561 | 0.0080 | get 0.0040% / 4h | 3h 11m | $3.5M | $5.8M | 20x |
BingX MEGA-USDT
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.16
- Price spread: +0.044% → +0.009%
- $3.49
- Slippage, 4 orders
- −$118.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$140.5
- Costs to cover
- 1.398%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 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 BingX live order book, 6 min ago | 15.31 bp | 40.6 bp −$41 | 104.4 bp −$1,044 | 920.2 bp −$92.0K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.10 bp | 31.1 bp −$31 | 122.3 bp −$1,223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0680% | 1h | 0.04589 | +0.669% | $5K | $12K | 50x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04571 | +0.263% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04562 | +0.059% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDTshort | +0.0080% | 4h | 0.04561 | +0.044% | $3.5M | $5.8M | 20x | |
| Nado MEGA-PERP | +0.0085% | 1h | 0.04561 | +0.044% | $197K | $143K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04564 | +0.116% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04567 | +0.171% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04564 | +0.111% | $4.0M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04559 | 0.000% | $930K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04571 | +0.266% | $135K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04564 | +0.110% | $203K | $327K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04564 | +0.110% | $800K | $376K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04564 | +0.110% | $232K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04563 | +0.088% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04559 | long leg | — | $1.7M | — | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04572 | +0.290% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04570 | +0.246% | $25K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04568 | +0.197% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04562 | +0.066% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04566 | +0.154% | $2K | $1.9M | 10x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0104% | 1h | 0.04566 | +0.154% | $18K | $53K | 5x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04560 | +0.015% | $129K | $548K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0134% | 4h | 0.04572 | +0.285% | $202K | $94K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04560 | +0.028% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04561 | +0.048% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0396% | 1h | 0.04570 | +0.250% | $7.9M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0952% | 1h | 0.04589 | +0.658% | $649K | $344K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1021% | 1h | 0.04568 | +0.204% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Backpack MEGA_USDC_PERP
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL