MEGA

Alert

Funding spread now, next payment 15:00 UTC−0.1573%/8h

paid, last 24h−0.280%paid, last 3 days−0.263%to open and closeno order book

Long on Deribit Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.263% in total (about -32.5% 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	0.04636	0.1673	pay 0.0209% / 1h	5m 30s	$112	$15	25x
Short	Variational Omni MEGA	0.04641	0.0100	get 0.0050% / 4h	1h 05m	$185K	$17K	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: −$330.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$337.42
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 50 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.111%
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 Variational Omni RFQ quote, 50 min ago	7.90 bp	doesn't fit	132.1 bp −$1,321	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
Bybit MEGAUSDT	−0.0244%	4h	$3.2M	$3.1M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0022% / S +0.0023%	1h	$15K	—	150x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	$215K	$60K	50x	as long as short
Nado MEGA-PERP	+0.0095%	1h	$183K	$74K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$36K	$45K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$15K	$6K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.4M	$7.6M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$908K	$1.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$137K	$569	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	$204K	$161K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	$666K	$271K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$218K	$65K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$866K	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	$185K	$17K	—
ApeX Omni MEGAUSDT	+0.0100%	1h	$28K	$214K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	$3K	$53	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.3M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$136K	$600K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0239% / S −0.5353%	1h	$3K	—	45x	as long as short
Phoenix MEGA	+0.0360%	1h	$21K	$5K	5x	as long as short
Hyperliquid MEGA	+0.0389%	1h	$6.9M	$1.4M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0453%	1h	$16K	$29K	5x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1224%	1h	$8K	$5K	50x	as long as short
Deribit MEGA_USDC-PERPETUALlong	+0.1673%	1h	$112	$15	25x
Lighter MEGA	+0.2344%	1h	$594K	$161K	3x	as long as short