MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.4887%/8h= +535.1% APRnext payment +$6.11 per $10,000 · paid last 24h +1.066%

Price spread now: GMX against Deribit−0.087%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.087% cheaper against Deribit than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 1 hour of funding at the current rate (+$147 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MEGA_USDC-PERPETUAL	0.04613	0.0466	pay 0.0058% / 1h	42m 11s	$112	$15	25x
Short	GMX MEGA/USD [ETH-USDC]	0.04609	L +0.0238% / S −0.5353%	get 0.0669% / 1h	42m 11s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee GMXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $1,026.27
Price spread: −0.087% → 0.000%: −$8.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $998.59
Costs to cover: 0.190%
Break-even: 0.2 days

Slippage unknown: Deribit: no order-book sample; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit and GMX: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0744%	1h	0.04589	−0.516%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04610	−0.076%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0051%	1h	0.04605	−0.180%	$200K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0055%	4h	0.04611	−0.050%	$204K	$95K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04613	−0.011%	$8.0M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04610	−0.082%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04614	+0.024%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04609	−0.093%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04607	−0.137%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04609	−0.093%	$942K	$3.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04606	−0.158%	$199K	$320K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04607	−0.137%	$814K	$373K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04608	−0.115%	$231K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04610	−0.072%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04607	−0.137%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04581	−0.697%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04583	−0.646%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04588	−0.548%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04608	−0.115%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04612	−0.028%	$1K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04580	−0.722%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04606	−0.163%	$129K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04606	−0.154%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04584	−0.635%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0238% / S −0.5353%	1h	0.04609	−0.087%	$3K	—	45x
Deribit MEGA_USDC-PERPETUALlong	+0.0466%	1h	0.04613	long leg	$112	$15	25x
Backpack MEGA_USDC_PERP	+0.0554%	1h	0.04615	+0.037%	$19K	$50K	5x	as long as short
Lighter MEGA	+0.0600%	1h	0.04632	+0.405%	$655K	$339K	3x	as long as short