Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.022%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on Bitget Short on BingX

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)−0.015%−$1 · spread now −0.022%, 7d avg −0.042%

Together, before fees−0.015%−$1 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: BingX is 0.020% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04595	0.0100	pay 0.0050% / 4h	3h 15m	$1.1M	$1.5M	50x
Short	BingX MEGA-USDT	0.04594	0.0100	get 0.0050% / 4h	3h 15m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.042%: $2.01
Slippage, 4 orders: −$101.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.16
Costs to cover: 1.232%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 2 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 Bitget live order book, 1 min ago	5.45 bp	28.8 bp −$29	177.2 bp −$1,772	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	16.36 bp	29.0 bp −$29	94.1 bp −$941	765.2 bp −$76.5K	1264.6 bp −$632.3K

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	0.04490	−2.276%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04594	−0.022%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04589	−0.131%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0037%	1h	0.04594	−0.011%	$199K	$136K	2x	as long as short
BloFin MEGA-USDT	+0.0081%	4h	0.04591	−0.087%	$199K	$78K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04594	−0.027%	$20K	$87K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04593	−0.037%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04594	−0.015%	$4.0M	$13.2M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04593	−0.044%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04593	−0.044%	$937K	$3.0M	20x	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	0.04590	−0.109%	$201K	$314K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04594	−0.022%	$857K	$362K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04594	−0.022%	$242K	$116K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04595	long leg	$1.1M	$1.5M	50x
BingX MEGA-USDTshort	+0.0100%	4h	0.04594	−0.022%	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04584	−0.233%	$323K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04585	−0.213%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04584	−0.239%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04594	−0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04595	0.000%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	−0.653%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04593	−0.033%	$132K	$819K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04594	−0.026%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04594	−0.017%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0279%	1h	0.04599	+0.087%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.0912%	1h	0.04617	+0.479%	$649K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1092%	1h	0.04607	+0.266%	$7.9M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1774%	1h	0.04604	+0.194%	$111	$15	25x	as long as short