Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: BingX against Bybit+0.022%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1711.711% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.022%, 7d avg −0.011%

Together, before fees+0.125%+$13 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: BingX is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEGAUSDT	0.04477	0.0100	pay 0.0050% / 4h	2h 25m	$3.4M	$4.9M	20x
Short	BingX MEGA-USDT	0.04478	0.0100	get 0.0050% / 4h	2h 25m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.011%: $3.3
Slippage, 4 orders: −$150.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$167.8
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	1.12 bp	50.6 bp −$51	328.5 bp −$3,285	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	15.69 bp	31.7 bp −$32	96.4 bp −$964	702.7 bp −$70.3K	1293.0 bp −$646.5K

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
Coinbase International MEGA-PERP-INTX	−0.0288%	1h	0.04400	−1.713%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04476	−0.034%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04476	−0.022%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04477	+0.011%	$193K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04476	−0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04476	−0.026%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04477	+0.007%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04481	+0.089%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDTlong	+0.0100%	4h	0.04477	long leg	$3.4M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04478	+0.022%	$917K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04420	−1.273%	$130K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04475	−0.045%	$191K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04480	+0.067%	$778K	$353K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04481	+0.089%	$232K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04477	0.000%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04478	+0.022%	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04483	+0.134%	$18K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04469	−0.171%	$237K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04464	−0.290%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04459	−0.402%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04481	+0.089%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04480	+0.059%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0108%	4h	0.04446	−0.692%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04478	+0.031%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04475	−0.038%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1286%	1h	0.04490	+0.288%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1537%	1h	0.04485	+0.183%	$109	$15	25x	as long as short
Lighter MEGA	+0.2840%	1h	0.04498	+0.469%	$623K	$324K	3x	as long as short