Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: BingX against gTrade (Gains Network)−0.148%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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. BingX is 0.148% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.0 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04626	L +0.0001% / S +0.0023%	pay 0.0000% / 1h	21m 34s	$1K	—	150x
Short	BingX MEGA-USDT	0.04619	0.0100	get 0.0050% / 4h	21m 34s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.148%Rate

Funding earned: $20.88
Price spread: −0.148% → 0.000%: −$14.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.9
Costs to cover: 0.220%
Break-even: 12.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 10 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	16.24 bp	44.8 bp −$45	112.0 bp −$1,120	759.1 bp −$75.9K	1266.7 bp −$633.4K

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 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	−0.786%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USDlong	L +0.0001% / S +0.0023%	1h	0.04626	long leg	$1K	—	150x
Nado MEGA-PERP	+0.0067%	1h	0.04624	−0.040%	$200K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0076%	4h	0.04625	−0.018%	$203K	$96K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04634	+0.187%	$8.0M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04627	+0.015%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04627	+0.014%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04623	−0.062%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04621	−0.105%	$3.6M	$5.7M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04618	−0.169%	$946K	$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
Bulk MEGA-USD	+0.0100%	1h	0.04630	+0.090%	$137K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04626	+0.003%	$200K	$321K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04625	−0.018%	$816K	$376K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04627	+0.025%	$237K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04623	−0.061%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04619	−0.148%	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04615	−0.231%	$326K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04624	−0.032%	$23K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04628	+0.047%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04625	−0.018%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04624	−0.040%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04619	−0.141%	$132K	$824K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04619	−0.143%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04629	+0.068%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04625	−0.010%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0502%	1h	0.04628	+0.047%	$20K	$52K	5x	as long as short
Lighter MEGA	+0.0576%	1h	0.04649	+0.501%	$658K	$340K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0896%	1h	0.04632	+0.122%	$112	$15	25x	as long as short