MEGA

Alert

Funding spread now, next payment 14:00 UTC+0.1124%/8h

next payment, per $10,000+$1.41paid, last 24h+0.219%paid, last 3 days−0.053%to open and closeno order book

Long on Bulk Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.053% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MEGA-USD	0.04630	0.0100	pay 0.0013% / 1h	6m 33s	$137K	$569	10x
Short	Coinbase International MEGA-PERP-INTX	0.04656	0.1224	get 0.0153% / 1h	6m 33s	$8K	$5K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BulkbpFee Coinbase InternationalbpOrdersRate

Funding earned: $236.04
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $219.04
Break-even: 0.5 days

Slippage unknown: Bulk: live order book, 49 min ago; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.562%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bulk live order book, 49 min ago	11.27 bp	14.8 bp −$15	62.5 bp −$625	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEGA on 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MEGAUSDT	−0.0249%	4h	$3.2M	$3.1M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0022% / S +0.0023%	1h	$15K	—	150x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	$215K	$60K	50x	as long as short
Nado MEGA-PERP	+0.0094%	1h	$183K	$74K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$36K	$44K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$15K	$6K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.4M	$7.5M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$917K	$1.8M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	$137K	$569	10x
Gate MEGA_USDT	+0.0100%	4h	$205K	$161K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	$667K	$271K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$224K	$65K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$865K	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	$182K	$17K	—	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	$28K	$215K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	$3K	$53	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.3M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$137K	$600K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0239% / S −0.5353%	1h	$3K	—	45x	as long as short
Phoenix MEGA	+0.0360%	1h	$21K	$5K	5x	as long as short
Hyperliquid MEGA	+0.0401%	1h	$6.9M	$1.4M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0458%	1h	$16K	$29K	5x	as long as short
Coinbase International MEGA-PERP-INTXshort	+0.1224%	1h	$8K	$5K	50x
Deribit MEGA_USDC-PERPETUAL	+0.2062%	1h	$112	$15	25x	as long as short
Lighter MEGA	+0.2312%	1h	$598K	$159K	3x	as long as short