Funding you earn now, next payment 06:00 UTC+0.0797%/8h= +87.3% APRnext payment +$1.00 per $10,000 · paid last 24h +0.350%
Price spread now: Deribit against Bulk+1.096%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Deribit is 1.096% dearer against Bulk than usual: you sell high and buy low: +$110 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MEGA-USD | 0.04490 | 0.0100 | pay 0.0013% / 1h | 17m 10s | $133K | $111 | 10x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04539 | 0.0897 | get 0.0112% / 1h | 17m 10s | $110 | $15 | 25x |
Bulk MEGA-USD
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $167.35
- Price spread: +1.096% → 0.000%
- $109.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $262.93
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Bulk: live order book, 32 min ago; Deribit: no order-book sample. Net counts fees only.
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, 32 min ago | 11.05 bp | 23.7 bp −$24 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 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 | −0.0055% | 4h | 0.04532 | +0.935% | $3.4M | $5.9M | 20x | as long as short |
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04589 | +2.216% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04533 | +0.956% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0053% | 1h | 0.04532 | +0.947% | $195K | $142K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04536 | +1.020% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04542 | +1.149% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04536 | +1.020% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04531 | +0.913% | $918K | $3.2M | 20x | as long as short |
| Bulk MEGA-USDlong | +0.0100% | 1h | 0.04490 | long leg | $133K | $111 | 10x | |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04533 | +0.958% | $203K | $333K | 20x | as long as short |
Bybit MEGAUSDT
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04534 | +0.980% | $810K | $400K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04532 | +0.935% | $229K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04535 | +1.002% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04534 | +0.980% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04509 | +0.428% | $318K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04536 | +1.018% | $21K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04533 | +0.958% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04533 | +0.958% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04534 | +0.980% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04532 | +0.931% | $128K | $431K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0123% | 4h | 0.04526 | +0.802% | $198K | $93K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0124% | 1h | 0.04537 | +1.047% | $18K | $57K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04532 | +0.931% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04526 | +0.802% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04532 | +0.929% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0368% | 1h | 0.04554 | +1.425% | $621K | $366K | 3x | as long as short |
| Hyperliquid MEGA | +0.0393% | 1h | 0.04541 | +1.145% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.0897% | 1h | 0.04539 | +1.096% | $110 | $15 | 25x |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA