Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against BloFin+0.263%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−8.009%−$801 · spread now +0.263%, 7d avg −0.063%

Together, before fees−7.983%−$798 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.326% dearer against BloFin than usual: you sell high and buy low (spread +0.263% now, against its 7-day average of −0.063%): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MEGA-USDT	0.04564	0.0152	pay 0.0076% / 4h	3h 29m	$202K	$95K	50x
Short	ApeX Omni MEGAUSDT	0.04576	0.0100	get 0.0013% / 1h	29m 56s	$24K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.263%Rate

Funding earned: −$10.9
Price spread: +0.263% → −0.063%: $32.62
Slippage, 4 orders: −$66.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.08
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; ApeX Omni: 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 BloFin live order book, 36 min ago	3.27 bp	23.9 bp −$24	71.8 bp −$718	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	9.87 bp	19.7 bp −$20	153.1 bp −$1,531	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
Bybit MEGAUSDT	−0.0207%	4h	0.04570	+0.131%	$3.5M	$5.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	0.04581	+0.372%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04569	+0.107%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0057%	1h	0.04559	−0.110%	$196K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04568	+0.095%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04562	−0.053%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04571	+0.144%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04568	+0.088%	$920K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04590	+0.564%	$136K	−$0	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04570	+0.131%	$205K	$332K	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	0.04571	+0.153%	$757K	$403K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04570	+0.131%	$243K	$124K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04572	+0.175%	$1.0M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04571	+0.153%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04572	+0.175%	$17K	$55K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04561	−0.071%	$321K	$224K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04586	+0.481%	$25K	$2.0M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04576	+0.263%	$24K	$226K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04564	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04559	−0.110%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04568	+0.095%	$128K	$800K	5x	as long as short
BloFin MEGA-USDTlong	+0.0152%	4h	0.04564	long leg	$202K	$95K	50x
Reya MEGARUSDPERP	+0.0159%	1h	0.04568	+0.083%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04570	+0.123%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0362%	1h	0.04577	+0.280%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0669%	1h	0.04577	+0.278%	$111	$15	25x	as long as short
Lighter MEGA	+0.1024%	1h	0.04586	+0.482%	$612K	$382K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1296%	1h	0.04589	+0.559%	$5K	$12K	50x	as long as short