Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0780%/8h= −85.4% APRpaid last 24h +0.146%

Price spread now: Coinbase International against Gate+0.757%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Coinbase International is 0.757% dearer against Gate than usual: you sell high and buy low (spread +0.757% now, against zero (this spread has no 7-day history yet)): +$76 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04555	0.0100	pay 0.0050% / 4h	3h 10m	$202K	$327K	20x
Short	Coinbase International MEGA-PERP-INTX	0.04589	−0.0680	pay 0.0085% / 1h	10m 12s	$5K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.757%Rate

Funding earned: −$163.8
Price spread: +0.757% → 0.000%: $75.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$113.06
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 37 min ago; Coinbase International: 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 Gate live order book, 37 min ago	6.52 bp	226.4 bp −$226	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-INTXshort	−0.0680%	1h	0.04589	+0.757%	$5K	$12K	50x
Phoenix MEGA	0.0000%	1h	0.04571	+0.351%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04553	−0.047%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0079%	4h	0.04551	−0.088%	$3.5M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0085%	1h	0.04555	+0.011%	$197K	$143K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04555	−0.009%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04557	+0.042%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04555	−0.009%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04550	−0.110%	$929K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04571	+0.354%	$135K	$111	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDTlong	+0.0100%	4h	0.04555	long leg	$202K	$327K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04555	0.000%	$798K	$377K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04555	0.000%	$232K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04555	0.000%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04552	−0.066%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04557	+0.044%	$18K	$53K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04557	+0.047%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04570	+0.334%	$25K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04568	+0.285%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04554	−0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04555	0.000%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04552	−0.071%	$129K	$502K	5x	as long as short
BloFin MEGA-USDT	+0.0153%	4h	0.04568	+0.285%	$202K	$94K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04554	−0.029%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04553	−0.046%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0397%	1h	0.04560	+0.121%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.0952%	1h	0.04577	+0.483%	$648K	$344K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0980%	1h	0.04559	+0.092%	$110	$15	25x	as long as short