MEGA

Alert

Funding spread now, next payment 16:00 UTC−0.1124%/8h

next payment, per $10,000−$1.41paid, last 24h−0.238%paid, last 5 days+0.082%to open and closeno order book

Long on Coinbase International Short on Pacifica

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.082% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04581	0.1224	pay 0.0153% / 1h	32m 25s	$7K	$6K	50x
Short	Pacifica MEGA	0.04507	0.0100	get 0.0013% / 1h	32m 25s	$15K	$10K	3x

Funding history

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PacificabpOrdersRate

Funding earned: −$236.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$254.04
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.620%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Pacifica no order-book sample	—	—	—	—	—

Coinbase International and Pacifica: 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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) MEGA/USD	L −0.0019% / S +0.0023%	1h	$15K	—	150x	as long as short
Nado MEGA-PERP	+0.0055%	1h	$194K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$33K	$57K	5x	as long as short
Pacifica MEGAshort	+0.0100%	1h	$15K	$10K	3x
Binance MEGAUSDT	+0.0100%	4h	$4.2M	$11.3M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	$3.3M	$4.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$918K	$2.8M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	$200K	$234K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$736K	$336K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$238K	$106K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$1.3M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	$19K	$38K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$239K	$101K	—	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	$28K	$222K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	$3K	$994	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.8M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$133K	$569	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$136K	$605K	5x	as long as short
BloFin MEGA-USDT	+0.0117%	4h	$210K	$75K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	$20K	$6K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	$3K	—	45x	as long as short
Lighter MEGA	+0.0904%	1h	$599K	$224K	3x	as long as short
Hyperliquid MEGA	+0.0955%	1h	$7.6M	$2.4M	3x	as long as short
Coinbase International MEGA-PERP-INTXlong	+0.1224%	1h	$7K	$6K	50x
Deribit MEGA_USDC-PERPETUAL	+0.1685%	1h	$109	$15	25x	as long as short