Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against BloFin−0.152%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1161.156% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−1.133%−$113 · spread now −0.152%, 7d avg −0.092%
Together, before fees−1.105%−$110 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: Bitget is 0.061% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MEGA-USDT0.045910.0095pay 0.0047% / 4h3h 56m$204K$96K50x
ShortBitget MEGAUSDT0.045840.0100get 0.0050% / 4h3h 56m$1.1M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$1.11
Price spread: −0.152% → −0.092%
−$6.06
Slippage, 4 orders
−$91.56
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$120.51
Costs to cover
1.156%
Break-even
766.4 days
Slippage from BloFin: live order book, 9 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 9 min ago3.27 bp23.9 bp −$2471.8 bp −$718doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago7.62 bp28.4 bp −$28153.4 bp −$1,534doesn't fitdoesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MEGAUSDT−0.0017%4h0.04580−0.240%$3.5M$5.9M20xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04588−0.068%$1K150xas long as short
Nado MEGA-PERP+0.0042%1h0.04588−0.065%$197K$140K2xas long as short
BloFin MEGA-USDTlong+0.0095%4h0.04591long leg$204K$96K50x
Aster MEGAUSDT+0.0100%4h0.04584−0.161%$20K$96K5xas long as short
Pacifica MEGA+0.0100%1h0.04584−0.157%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04581−0.228%$4.1M$13.8M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04576−0.327%$919K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04590−0.022%$136K−$010xas long as short
Gate MEGA_USDT+0.0100%4h0.04584−0.152%$206K$321K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04582−0.196%$759K$401K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04583−0.174%$243K$124K50xas long as short
Bitget MEGAUSDTshort+0.0100%4h0.04584−0.152%$1.1M$1.5M50x
BingX MEGA-USDT+0.0100%4h0.04581−0.218%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04588−0.065%$17K$55K5xas long as short
Variational Omni MEGA+0.0100%4h0.04592+0.019%$324K$223Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04587−0.087%$29K$2.0M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04588−0.065%$24K$226K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04585−0.131%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04585−0.131%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04582−0.189%$129K$799K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04587−0.090%$33xas long as short
Phoenix MEGA+0.0175%1h0.04592+0.022%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04588−0.057%$3K45xas long as short
Hyperliquid MEGA+0.0253%1h0.04594+0.076%$7.9M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0447%1h0.04591+0.002%$111$1525xas long as short
Lighter MEGA+0.0912%1h0.04602+0.240%$614K$380K3xas long as short
Coinbase International MEGA-PERP-INTX+0.1296%1h0.04589−0.033%$5K$12K50xas long as short