Funding you earn now, next payment 03:00 UTC−0.1221%/8h= −133.7% APRpaid last 24h −0.353%
Price spread now: OKX against Deribit−0.209%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and OKX is 0.209% cheaper against Deribit than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MEGA_USDC-PERPETUAL | 0.04590 | 0.1321 | pay 0.0165% / 1h | 12m 01s | $111 | $15 | 25x |
| Short | OKX MEGA-USDT-SWAP | 0.04580 | 0.0100 | get 0.0050% / 4h | 1h 12m | $939K | $3.1M | 20x |
Deribit MEGA_USDC-PERPETUAL
OKX MEGA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$256.46
- Price spread: −0.209% → 0.000%
- −$20.92
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$294.38
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now | 1.09 bp | 34.4 bp −$34 | 166.0 bp −$1,660 | 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 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 | −0.0800% | 1h | 0.04490 | −2.161% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04578 | −0.255% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0058% | 4h | 0.04585 | −0.100% | $203K | $94K | 50x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04577 | −0.275% | $198K | $141K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04590 | +0.013% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04579 | −0.235% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04582 | −0.160% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04580 | −0.209% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAPshort | +0.0100% | 4h | 0.04580 | −0.209% | $939K | $3.1M | 20x | |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04578 | −0.253% | $203K | $318K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04583 | −0.144% | $819K | $368K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04581 | −0.187% | $230K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04583 | −0.144% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04582 | −0.166% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04598 | +0.185% | $324K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04600 | +0.225% | $26K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04601 | +0.248% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04578 | −0.253% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04575 | −0.318% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +0.227% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04581 | −0.191% | $130K | $821K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0153% | 1h | 0.04585 | −0.100% | $18K | $46K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04575 | −0.325% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04598 | +0.183% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04579 | −0.237% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04580 | −0.209% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0584% | 1h | 0.04604 | +0.314% | $651K | $336K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALlong | +0.1321% | 1h | 0.04590 | long leg | $111 | $15 | 25x |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA