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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0615%/8h= −67.3% APRnext payment $0.77 per $10,000 · paid last 24h −0.182%
Price spread now: gTrade (Gains Network) against Coinbase International+2.081%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 2.081% dearer against Coinbase International than usual: you sell high and buy low (spread +2.081% now, against zero (this spread has no 7-day history yet)): +$208 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MEGA-PERP-INTX0.045890.0592pay 0.0074% / 1h18m 29s$5K$12K50x
ShortgTrade (Gains Network) MEGA/USD0.04685L +0.0001% / S +0.0023%pay 0.0003% / 1h18m 29s$1K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$129.09
Price spread: +2.081% → 0.000%
$208.08
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
$57
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell gTrade (Gains Network) no order-book sample
Coinbase International and gTrade (Gains Network): 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MEGAUSDT−0.0263%4h0.04684+2.059%$3.6M$5.7M20xas long as short
gTrade (Gains Network) MEGA/USDshortL +0.0001% / S +0.0023%1h0.04685+2.081%$1K150x
Nado MEGA-PERP+0.0067%1h0.04685+2.081%$202K$137K2xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04683+2.037%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04688+2.154%$21K$94K5xas long as short
Pacifica MEGA+0.0100%1h0.04687+2.131%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04684+2.061%$4.2M$13.4M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04682+2.015%$944K$3.1M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04680+1.972%$138K−$010xas long as short
Gate MEGA_USDT+0.0100%4h0.04687+2.124%$210K$326K20xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04685+2.081%$766K$396K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04684+2.059%$252K$115K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04689+2.168%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04685+2.081%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04686+2.103%$19K$52K5xas long as short
Variational Omni MEGA+0.0100%4h0.04695+2.289%$340K$229Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04698+2.374%$21K$2.2M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04698+2.364%$24K$225K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04681+1.994%$1K$1.8M10xas long as short
Extended MEGA-USD+0.0104%1h0.04684+2.050%$132K$794K5xas long as short
BloFin MEGA-USDT+0.0108%4h0.04684+2.059%$208K$85K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04684+2.060%$33xas long as short
Phoenix MEGA+0.0170%1h0.04703+2.473%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04686+2.105%$3K45xas long as short
Hyperliquid MEGA+0.0296%1h0.04695+2.292%$8.1M$2.5M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0305%1h0.04688+2.148%$113$1525xas long as short
Coinbase International MEGA-PERP-INTXlong+0.0592%1h0.04589long leg$5K$12K50x
Lighter MEGA+0.0704%1h0.04705+2.517%$638K$402K3xas long as short