MEGA

Alert

Funding spread now, next payment 15:00 UTC−0.1580%/8h

paid, last 24h−0.280%paid, last 5 days−0.138%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 -0.138% in total (about -11.1% 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	0.04412	0.1680	pay 0.0210% / 1h	53m 54s	$107	$15	25x
Short	BingX MEGA-USDT	0.04395	0.0100	get 0.0050% / 4h	1h 53m	—	$1.7M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BingXbpOrdersRate

Funding earned: −$331.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$348.9
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 15 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.376%
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 BingX live order book, 15 min ago	16.80 bp	36.7 bp −$37	97.7 bp −$977	517.5 bp −$51.7K	1006.0 bp −$503.0K

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
Bybit MEGAUSDT	−0.0203%	4h	$3.1M	$2.8M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	$191	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	$3K	$53	10x	as long as short
Hyperliquid MEGA	+0.0100%	1h	$6.6M	$1.2M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$27K	$28K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$14K	$6K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.0M	$6.4M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$843K	$1.5M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$131K	$569	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	$173K	$117K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	$640K	$248K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$195K	$52K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.0M	$640K	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	$13K	$26K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$176K	$15K	—	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	$27K	$214K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$1K	$1.1M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$130K	$600K	5x	as long as short
Nado MEGA-PERP	+0.0150%	1h	$178K	$65K	2x	as long as short
BloFin MEGA-USDT	+0.0156%	4h	$201K	$43K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	$3K	—	45x	as long as short
Phoenix MEGA	+0.0360%	1h	$20K	$5K	5x	as long as short
Lighter MEGA	+0.0904%	1h	$530K	$80K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1224%	1h	$7K	$4K	50x	as long as short
Deribit MEGA_USDC-PERPETUALlong	+0.1680%	1h	$107	$15	25x