Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.228%

Price spread now: Binance against Coinbase International+0.372%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Binance is 0.372% dearer against Coinbase International than usual: you sell high and buy low (spread +0.372% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04490	0.0296	pay 0.0037% / 1h	52m 29s	$5K	$12K	50x
Short	Binance MEGAUSDT	0.04507	0.0100	get 0.0050% / 4h	52m 29s	$3.9M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.372%Rate

Funding earned: −$41.16
Price spread: +0.372% → 0.000%: $37.21
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.95
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 3 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.11 bp	15.3 bp −$15	101.2 bp −$1,012	doesn't fit	doesn't fit

Coinbase International: 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	0.04511	+0.459%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04509	+0.414%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04509	+0.410%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04510	+0.436%	$14K	$8K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04507	+0.372%	$3.9M	$12.9M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04506	+0.347%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04505	+0.325%	$916K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04500	+0.214%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04508	+0.392%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04507	+0.370%	$773K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04513	+0.503%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	+0.370%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04506	+0.347%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04507	+0.367%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04512	+0.481%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04508	+0.392%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04515	+0.548%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04508	+0.384%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0111%	1h	0.04509	+0.403%	$195K	$136K	2x	as long as short
BloFin MEGA-USDT	+0.0142%	4h	0.04505	+0.325%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04507	+0.379%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04510	+0.448%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTXlong	+0.0296%	1h	0.04490	long leg	$5K	$12K	50x
Phoenix MEGA	+0.0355%	1h	0.04509	+0.414%	$21K	$7K	5x	as long as short
Hyperliquid MEGA	+0.0769%	1h	0.04520	+0.664%	$7.7M	$2.3M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0864%	1h	0.04514	+0.526%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.1368%	1h	0.04530	+0.882%	$637K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1524%	1h	0.04517	+0.595%	$109	$15	25x	as long as short