Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
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: KuCoin against Bybit+0.045%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$658as in the Funding arb table
Net, price: spread back to 7d avg − costs−$675as in the Price arb table
costs, in and out, $10k−$6756.746% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.045%, 7d avg +0.050%
Together, before fees+0.135%+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEGAUSDT0.044680.0100pay 0.0050% / 4h1h 59m$3.4M$4.9M20x
ShortKuCoin MEGAUSDTM0.044700.0100get 0.0050% / 4h1h 59m$236K$112K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.045% → +0.050%
−$0.56
Slippage, 4 orders
−$651.57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$675.13
Costs to cover
6.746%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 11 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 Bybit live order book, 4 min ago4.47 bp48.8 bp −$49918.0 bp −$9,180doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago13.40 bp244.3 bp −$244doesn'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−0.0144%1h0.04490+0.501%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04467−0.012%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04474+0.134%$20K$6K5xas long as short
Nado MEGA-PERP+0.0034%1h0.04469+0.022%$193K$150K2xas long as short
Orderly PERP_MEGA_USDC+0.0098%4h0.044680.000%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04468+0.009%$20K$80K5xas long as short
Pacifica MEGA+0.0100%1h0.04474+0.125%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04469+0.021%$4.0M$12.7M50xas long as short
Bybit MEGAUSDTlong+0.0100%4h0.04468long leg$3.4M$4.9M20x
OKX MEGA-USDT-SWAP+0.0100%4h0.04466−0.045%$913K$2.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04471+0.074%$132K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04467−0.022%$191K$309K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.044680.000%$763K$345K50xas long as short
KuCoin MEGAUSDTMshort+0.0100%4h0.04470+0.045%$236K$112K50x
Bitget MEGAUSDT+0.0100%4h0.04469+0.022%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04466−0.045%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04472+0.097%$238K$109Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04476+0.176%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04475+0.157%$24K$230K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04470+0.045%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04468−0.003%$127K$613K5xas long as short
BloFin MEGA-USDT+0.0128%4h0.04480+0.269%$197K$76K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04466−0.038%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04467−0.025%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0316%1h0.04477+0.201%$18K$41K5xas long as short
Hyperliquid MEGA+0.1013%1h0.04480+0.262%$7.6M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1227%1h0.04475+0.163%$108$1525xas long as short
Lighter MEGA+0.2544%1h0.04490+0.492%$621K$310K3xas long as short