MEGA

Alert

Funding spread now, next payment 17:00 UTC−0.1592%/8h

paid, last 24h−0.298%paid, last 5 days−0.214%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.214% in total (about -16.8% a year). A funding rate is set anew for every payment. 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	Deribit MEGA_USDC-PERPETUAL	0.04489	0.1692	pay 0.0211% / 1h	28m 53s	$109	$15	25x
Short	Binance MEGAUSDT	0.04506	0.0100	get 0.0050% / 4h	3h 28m	$4.2M	$11.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BinancebpOrdersRate

Funding earned: −$334.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$351.31
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.390%
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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	2.20 bp	24.9 bp −$25	142.6 bp −$1,426	doesn't fit	doesn't fit

Deribit: 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 −0.0022% / S +0.0023%	1h	$15K	—	150x	as long as short
Nado MEGA-PERP	+0.0056%	1h	$194K	$141K	2x	as long as short
BloFin MEGA-USDT	+0.0056%	4h	$208K	$75K	50x	as long as short
Gate MEGA_USDT	+0.0072%	4h	$199K	$235K	20x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$33K	$57K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$15K	$10K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	$4.2M	$11.5M	50x
Bybit MEGAUSDT	+0.0100%	4h	$3.3M	$4.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$914K	$2.8M	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$733K	$336K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	$237K	$107K	50x	as long as short
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	$25K	$223K	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
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
Hyperliquid MEGA	+0.1013%	1h	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1024%	1h	$599K	$224K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1224%	1h	$7K	$6K	50x	as long as short
Deribit MEGA_USDC-PERPETUALlong	+0.1692%	1h	$109	$15	25x