MEGA

Alert

Funding spread now, next payment 15:00 UTC−0.2126%/8h

next payment, per $10,000−$2.66paid, last 24h−0.317%paid, last 3 days−0.367%to open and closeno order book

Long on Deribit Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.367% in total (about -48.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.66 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	Deribit MEGA_USDC-PERPETUAL	0.04430	0.2103	pay 0.0263% / 1h	48m 31s	$107	$15	25x
Short	gTrade (Gains Network) MEGA/USD	0.04415	L +0.0001% / S +0.0023%	pay 0.0003% / 1h	48m 31s	$192	—	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$446.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$465.49
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.327%
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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Deribit 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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MEGAUSDT	−0.0310%	1h	$27K	$214K	50x	as long as short
Bybit MEGAUSDT	−0.0199%	4h	$3.1M	$2.8M	20x	as long as short
gTrade (Gains Network) MEGA/USDshort	L +0.0001% / S +0.0023%	1h	$192	—	150x
Orderly PERP_MEGA_USDC	+0.0099%	4h	$3K	$53	10x	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	$845K	$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	$118K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	$637K	$248K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$196K	$52K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$667K	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	$13K	$27K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$175K	$16K	—	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.1M	10x	as long as short
Hyperliquid MEGA	+0.0103%	1h	$6.6M	$1.2M	3x	as long as short
Extended MEGA-USD	+0.0104%	1h	$130K	$600K	5x	as long as short
Nado MEGA-PERP	+0.0116%	1h	$177K	$66K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
BloFin MEGA-USDT	+0.0159%	4h	$202K	$44K	50x	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	+0.0792%	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	+0.2103%	1h	$107	$15	25x