Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Bybit−0.131%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+1.038%+$104 · spread now −0.131%, 7d avg +0.078%

Together, before fees+1.184%+$118 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: ApeX Omni is 0.209% cheaper against Bybit than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEGAUSDT	0.04563	0.0100	pay 0.0050% / 4h	2h 01m	$3.6M	$5.5M	20x
Short	ApeX Omni MEGAUSDT	0.04557	0.0100	get 0.0013% / 1h	1m 01s	$24K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.078%: −$20.91
Slippage, 4 orders: −$80.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$122.24
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 65 min ago.

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 Bybit live order book, 2 min ago	2.19 bp	31.9 bp −$32	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	9.75 bp	18.8 bp −$19	138.3 bp −$1,383	doesn't fit	doesn't fit

MEGA on 27 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
Coinbase International MEGA-PERP-INTX	−0.0432%	1h	0.04490	−1.591%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04565	+0.043%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0060%	1h	0.04554	−0.197%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04565	+0.035%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04560	−0.070%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04566	+0.057%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDTlong	+0.0100%	4h	0.04563	long leg	$3.6M	$5.5M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04562	−0.022%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04567	+0.088%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04566	+0.066%	$202K	$320K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04566	+0.066%	$816K	$367K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04567	+0.088%	$238K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04566	+0.066%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04564	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04563	+0.004%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04561	−0.044%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04557	−0.131%	$24K	$229K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04564	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04566	+0.066%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04564	+0.020%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04557	−0.137%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04562	−0.022%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04564	+0.033%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0635%	1h	0.04569	+0.131%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1240%	1h	0.04589	+0.570%	$649K	$336K	3x	as long as short
Hyperliquid MEGA	+0.1580%	1h	0.04576	+0.294%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1634%	1h	0.04575	+0.252%	$111	$15	25x	as long as short