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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Bulk−0.397%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1311.309% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.468%+$47 · spread now −0.397%, 7d avg −0.076%
Together, before fees+0.470%+$47 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 0.321% cheaper against Bulk than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MEGA-USD0.045710.0100pay 0.0013% / 1h10m 02s$135K$11110x
ShortBingX MEGA-USDT0.045530.0100get 0.0050% / 4h3h 10m$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bulk. 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
$0
Price spread: −0.397% → −0.076%
−$32.06
Slippage, 4 orders
−$113.94
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$163
Costs to cover
1.309%
Break-even
never at this rate
Slippage from Bulk: live order book, 44 min ago; BingX: live order book, 7 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 Bulk live order book, 44 min ago10.90 bp32.0 bp −$3269.1 bp −$691436.1 bp −$43.6Kdoesn't fit
Sell BingX live order book, 7 min ago15.31 bp43.9 bp −$44103.1 bp −$1,031867.6 bp −$86.8Kdoesn'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
Coinbase International MEGA-PERP-INTX−0.0680%1h0.04589+0.402%$5K$12K50xas long as short
Phoenix MEGA0.0000%1h0.04571−0.003%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04553−0.400%$1K150xas long as short
Bybit MEGAUSDT+0.0079%4h0.04551−0.440%$3.5M$5.8M20xas long as short
Nado MEGA-PERP+0.0085%1h0.04555−0.342%$197K$143K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04555−0.356%$19K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04557−0.311%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04555−0.355%$4.0M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04550−0.462%$929K$3.2M20xas long as short
Bulk MEGA-USDlong+0.0100%1h0.04571long leg$135K$11110x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04555−0.353%$202K$327K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04554−0.375%$798K$377K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04555−0.353%$232K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04555−0.353%$1.0M$1.5M50xas long as short
BingX MEGA-USDTshort+0.0100%4h0.04553−0.397%$1.7M
Backpack MEGA_USDC_PERP+0.0100%1h0.04557−0.309%$18K$53K5xas long as short
Variational Omni MEGA+0.0100%4h0.04557−0.306%$322K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04570−0.020%$25K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04568−0.068%$24K$229K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04554−0.375%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04555−0.353%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04552−0.424%$129K$495K5xas long as short
BloFin MEGA-USDT+0.0153%4h0.04568−0.068%$202K$94K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04554−0.382%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04553−0.399%$3K45xas long as short
Hyperliquid MEGA+0.0397%1h0.04560−0.233%$7.9M$2.6M3xas long as short
Lighter MEGA+0.0952%1h0.04577+0.128%$648K$344K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0980%1h0.04559−0.261%$110$1525xas long as short