Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.012%

Price spread now: Nado against BloFin+0.066%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−7.880%−$788 · spread now +0.066%, 7d avg −0.108%

Together, before fees−7.949%+ Points / potential airdropNado: Active · farm board−$795 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.174% dearer against BloFin than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.108%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MEGA-USDT	0.04574	0.0149	pay 0.0074% / 4h	3h 32m	$202K	$95K	50x
Short	Nado MEGA-PERP	0.04577	0.0059	get 0.0007% / 1h	32m 51s	$197K	$140K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.066%Rate

Funding earned: −$18.88
Price spread: +0.066% → −0.108%: $17.37
Slippage, 4 orders: −$81.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$102.36
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; Nado: live order book, 65 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, 33 min ago	3.27 bp	23.9 bp −$24	71.8 bp −$718	doesn't fit	doesn't fit
Sell Nado live order book, 65 min ago	4.39 bp	24.9 bp −$25	113.6 bp −$1,136	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	−0.0046%	4h	0.04579	+0.109%	$3.5M	$5.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	0.04581	+0.153%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04578	+0.084%	$1K	—	150x	as long as short
Nado MEGA-PERPshort	+0.0059%	1h	0.04577	+0.066%	$197K	$140K	2x
Aster MEGAUSDT	+0.0100%	4h	0.04578	+0.093%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04577	+0.057%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04577	+0.070%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04575	+0.022%	$920K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04590	+0.344%	$136K	−$0	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04579	+0.109%	$206K	$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	0.04578	+0.087%	$758K	$403K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04580	+0.131%	$243K	$124K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04580	+0.131%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04575	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04581	+0.147%	$323K	$224K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04586	+0.261%	$25K	$2.0M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04589	+0.328%	$24K	$225K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04577	+0.066%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04575	+0.022%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04576	+0.050%	$128K	$800K	5x	as long as short
BloFin MEGA-USDTlong	+0.0149%	4h	0.04574	long leg	$202K	$95K	50x
Reya MEGARUSDPERP	+0.0159%	1h	0.04581	+0.159%	$3	—	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0177%	1h	0.04580	+0.131%	$17K	$55K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04578	+0.085%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0397%	1h	0.04587	+0.280%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0493%	1h	0.04582	+0.175%	$111	$15	25x	as long as short
Lighter MEGA	+0.1120%	1h	0.04599	+0.547%	$614K	$382K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1296%	1h	0.04589	+0.339%	$5K	$12K	50x	as long as short