Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%
Price spread now: Orderly against Bulk+0.089%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.089% dearer against Bulk than usual: you sell high and buy low, +$9 on $10k if it 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 | 0.04500 | 0.0100 | pay 0.0013% / 1h | 52m 08s | $133K | $5K | 10x |
| Short | Orderly PERP_MEGA_USDC | 0.04504 | 0.0099 | get 0.0049% / 4h | 52m 08s | $3K | $2K | 10x |
Bulk MEGA-USD
Orderly PERP_MEGA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$0.24
- Price spread: +0.089% → 0.000%
- $8.89
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$4.35
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 27 min ago; Orderly: 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, 27 min ago | 11.17 bp | 14.7 bp −$15 | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04505 | +0.115% | $12K | — | 150x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.0099% | 4h | 0.04504 | +0.089% | $3K | $2K | 10x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04507 | +0.151% | $18K | $82K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04510 | +0.222% | $14K | $8K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04508 | +0.176% | $3.9M | $12.9M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04506 | +0.133% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04505 | +0.111% | $917K | $2.9M | 20x | as long as short |
| Bulk MEGA-USDlong | +0.0100% | 1h | 0.04500 | long leg | $133K | $5K | 10x | |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04504 | +0.089% | $193K | $309K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04506 | +0.133% | $773K | $348K | 50x | as long as short |
gTrade (Gains Network) MEGA/USD
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04510 | +0.222% | $237K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04511 | +0.244% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04508 | +0.178% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04507 | +0.153% | $226K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04512 | +0.267% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04508 | +0.178% | $25K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04509 | +0.200% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04507 | +0.158% | $128K | $613K | 5x | as long as short |
| Nado MEGA-PERP | +0.0111% | 1h | 0.04509 | +0.189% | $195K | $136K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0142% | 4h | 0.04505 | +0.111% | $195K | $77K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04507 | +0.165% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04505 | +0.102% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0296% | 1h | 0.04490 | −0.213% | $5K | $12K | 50x | as long as short |
| Phoenix MEGA | +0.0355% | 1h | 0.04509 | +0.200% | $21K | $7K | 5x | as long as short |
| Hyperliquid MEGA | +0.0775% | 1h | 0.04516 | +0.347% | $7.7M | $2.3M | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0813% | 1h | 0.04510 | +0.222% | $18K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1437% | 1h | 0.04513 | +0.289% | $109 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1456% | 1h | 0.04527 | +0.600% | $637K | $319K | 3x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Nado MEGA-PERP
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Phoenix MEGA
Hyperliquid MEGA
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA