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: KuCoin against Bulk−0.729%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$652as in the Price arb table
costs, in and out, $10k−$5815.812% 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)+0.835%+$84 · spread now −0.729%, 7d avg −0.019%
Together, before fees+0.838%+$84 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: KuCoin is 0.710% cheaper against Bulk than usual: you would sell low and buy high, −$71 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MEGA-USD0.045990.0100pay 0.0013% / 1h27m 52s$136K$11110x
ShortKuCoin MEGAUSDTM0.045650.0100get 0.0050% / 4h3h 27m$232K$119K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.729% → −0.019%
−$71
Slippage, 4 orders
−$562.17
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$652.17
Costs to cover
5.812%
Break-even
never at this rate
Slippage from Bulk: live order book, 26 min ago; KuCoin: live order book, 43 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, 26 min ago10.90 bp32.0 bp −$3269.1 bp −$691436.1 bp −$43.6Kdoesn't fit
Sell KuCoin live order book, 43 min ago11.90 bp324.9 bp −$325doesn't fitdoesn'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
Coinbase International MEGA-PERP-INTX−0.0680%1h0.04589−0.197%$5K$12K50xas long as short
Bybit MEGAUSDT−0.0013%4h0.04565−0.729%$3.5M$5.8M20xas long as short
Phoenix MEGA0.0000%1h0.04592−0.142%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04568−0.664%$1K150xas long as short
Nado MEGA-PERP+0.0086%1h0.04570−0.621%$197K$144K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04566−0.701%$19K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04579−0.425%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04566−0.706%$4.0M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04560−0.838%$931K$3.2M20xas long as short
Bulk MEGA-USDlong+0.0100%1h0.04599long leg$136K$11110x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04569−0.642%$203K$326K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04564−0.751%$800K$376K50xas long as short
KuCoin MEGAUSDTMshort+0.0100%4h0.04565−0.729%$232K$119K50x
Bitget MEGAUSDT+0.0100%4h0.04565−0.729%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04562−0.795%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04571−0.599%$18K$53K5xas long as short
Variational Omni MEGA+0.0100%4h0.04592−0.138%$324K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04595−0.078%$29K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04593−0.121%$24K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04569−0.642%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04568−0.664%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04563−0.780%$128K$821K5xas long as short
BloFin MEGA-USDT+0.0128%4h0.04590−0.186%$203K$95K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04568−0.672%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04569−0.640%$3K45xas long as short
Hyperliquid MEGA+0.0333%1h0.04576−0.484%$7.9M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0844%1h0.04574−0.538%$111$1525xas long as short
Lighter MEGA+0.0920%1h0.04592−0.142%$650K$341K3xas long as short