Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.022%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$639as in the Funding arb table

Net, price: spread back to 7d avg − costs−$642as in the Price arb table

costs, in and out, $10k−$6396.387% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.022%, 7d avg +0.016%

Together, before fees+0.022%+$2 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: KuCoin is 0.038% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04508	0.0100	pay 0.0050% / 4h	6m 44s	$1.1M	$1.4M	50x
Short	KuCoin MEGAUSDTM	0.04507	0.0100	get 0.0050% / 4h	6m 44s	$233K	$115K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.016%: −$3.8
Slippage, 4 orders: −$614.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$642.48
Costs to cover: 6.387%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 17 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, 4 min ago	1.11 bp	36.8 bp −$37	149.5 bp −$1,495	doesn't fit	doesn't fit
Sell KuCoin live order book, 17 min ago	11.28 bp	261.6 bp −$262	doesn't fit	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04505	−0.073%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04502	−0.133%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0009%	1h	0.04502	−0.122%	$194K	$163K	2x	as long as short
BloFin MEGA-USDT	+0.0095%	4h	0.04499	−0.200%	$202K	$78K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0095%	4h	0.04503	−0.111%	$3K	$2K	10x	as long as short
Lighter MEGA	+0.0096%	1h	0.04527	+0.421%	$607K	$295K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04506	−0.041%	$22K	$81K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04507	−0.029%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04503	−0.111%	$4.1M	$13.1M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04508	0.000%	$3.4M	$4.8M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04506	−0.044%	$927K	$3.0M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04504	−0.089%	$183K	$270K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04504	−0.089%	$797K	$359K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04507	−0.022%	$233K	$115K	50x
Bitget MEGAUSDTlong	+0.0100%	4h	0.04508	long leg	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04506	−0.044%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04504	−0.089%	$14K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04457	−1.132%	$240K	$106K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04457	−1.121%	$25K	$1.6M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04500	−0.177%	$24K	$227K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04505	−0.067%	$2K	$2.0M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04440	−1.508%	$131K	$5K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04508	+0.003%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04504	−0.090%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04505	−0.067%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0305%	1h	0.04510	+0.049%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1112%	1h	0.04518	+0.228%	$7.7M	$2.5M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1424%	1h	0.04400	−2.389%	$5K	$12K	50x	as long as short