Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.442%

Price spread now: GMX against BingX+0.015%7-day average — · you sell dearer than you buy

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

Long on BingX Short on GMX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$158 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEGA-USDT	0.04537	0.0100	pay 0.0050% / 4h	2h 15m	—	$1.7M	—
Short	GMX MEGA/USD [ETH-USDC]	0.04538	L +0.0237% / S −0.5353%	get 0.0669% / 1h	15m 41s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee BingXbpFee GMXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $1,103.09
Price spread: +0.015% → 0.000%: $1.54
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,082.63
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: BingX: live order book, 2 min ago; GMX: 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 BingX live order book, 2 min ago	16.54 bp	36.3 bp −$36	102.3 bp −$1,023	879.1 bp −$87.9K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Coinbase International MEGA-PERP-INTX	−0.0048%	1h	0.04589	+1.157%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0043%	4h	0.04535	−0.044%	$3.5M	$5.9M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04538	+0.020%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0053%	1h	0.04537	−0.011%	$195K	$142K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04537	+0.006%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04541	+0.090%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04537	+0.006%	$4.0M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04538	+0.022%	$919K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04490	−1.036%	$133K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04538	+0.022%	$204K	$333K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04538	+0.022%	$811K	$400K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04539	+0.044%	$229K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04536	−0.022%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDTlong	+0.0100%	4h	0.04537	long leg	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04536	−0.016%	$320K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04536	−0.028%	$21K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04533	−0.088%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04537	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04539	+0.044%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04537	+0.007%	$128K	$431K	5x	as long as short
BloFin MEGA-USDT	+0.0123%	4h	0.04526	−0.242%	$198K	$93K	50x	as long as short
Backpack MEGA_USDC_PERP	+0.0141%	1h	0.04539	+0.044%	$18K	$57K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04538	+0.017%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04526	−0.242%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0237% / S −0.5353%	1h	0.04538	+0.015%	$3K	—	45x
Lighter MEGA	+0.0352%	1h	0.04557	+0.441%	$621K	$366K	3x	as long as short
Hyperliquid MEGA	+0.0387%	1h	0.04545	+0.179%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1094%	1h	0.04544	+0.148%	$110	$15	25x	as long as short