Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: KuCoin against gTrade (Gains Network)−0.064%7-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 KuCoin

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. KuCoin is 0.064% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04600	L +0.0001% / S +0.0023%	pay 0.0000% / 1h	1m 55s	$1K	—	150x
Short	KuCoin MEGAUSDTM	0.04597	0.0100	get 0.0050% / 4h	3h 01m	$241K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.064%Rate

Funding earned: $20.88
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.51
Costs to cover: 0.240%
Break-even: 10.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 48 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 KuCoin live order book, 48 min ago	11.08 bp	224.5 bp −$225	doesn't fit	doesn't fit	doesn't fit

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	−0.0048%	1h	0.04490	−2.381%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04620	+0.436%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USDlong	L +0.0001% / S +0.0023%	1h	0.04600	long leg	$1K	—	150x
Nado MEGA-PERP	+0.0041%	1h	0.04600	+0.012%	$199K	$137K	2x	as long as short
BloFin MEGA-USDT	+0.0046%	4h	0.04621	+0.458%	$200K	$90K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04601	+0.014%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04611	+0.232%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04595	−0.107%	$4.1M	$13.4M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04592	−0.173%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04594	−0.129%	$940K	$3.1M	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	0.04628	+0.612%	$137K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04601	+0.023%	$202K	$315K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04595	−0.107%	$853K	$363K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04597	−0.064%	$241K	$116K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04596	−0.086%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04600	+0.001%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04607	+0.146%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04622	+0.481%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04622	+0.480%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04600	+0.001%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04596	−0.086%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04594	−0.120%	$130K	$822K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04599	−0.015%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04601	+0.014%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0371%	1h	0.04604	+0.088%	$18K	$42K	5x	as long as short
Lighter MEGA	+0.1032%	1h	0.04624	+0.523%	$650K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1273%	1h	0.04616	+0.347%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1815%	1h	0.04610	+0.212%	$112	$15	25x	as long as short