Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.067%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$860as in the Funding arb table

Net, price: spread back to 7d avg − costs−$859as in the Price arb table

costs, in and out, $10k−$8628.624% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.067%, 7d avg +0.030%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04471	0.0100	pay 0.0050% / 4h	1h 18m	$191K	$310K	20x
Short	KuCoin MEGAUSDTM	0.04474	0.0100	get 0.0050% / 4h	1h 18m	$236K	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.030%: $3.7
Slippage, 4 orders: −$835.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$858.72
Costs to cover: 8.624%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; KuCoin: live order book, 51 min ago.

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, 58 min ago	7.82 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	13.40 bp	244.3 bp −$244	doesn't fit	doesn't fit	doesn't fit

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	−0.0144%	1h	0.04490	+0.434%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04473	+0.048%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0051%	1h	0.04480	+0.190%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04473	+0.045%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04474	+0.071%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04478	+0.157%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04474	+0.071%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04471	0.000%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04472	+0.022%	$911K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04470	−0.022%	$132K	$5K	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	0.04471	long leg	$191K	$310K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04473	+0.045%	$759K	$351K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04474	+0.067%	$236K	$113K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04473	+0.045%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04472	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04470	−0.012%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04481	+0.224%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04476	+0.112%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04475	+0.089%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04474	+0.059%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0143%	4h	0.04478	+0.157%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04479	+0.177%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04467	−0.089%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04473	+0.038%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0436%	1h	0.04477	+0.134%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1312%	1h	0.04481	+0.219%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1472%	1h	0.04480	+0.204%	$108	$15	25x	as long as short
Lighter MEGA	+0.2752%	1h	0.04494	+0.514%	$632K	$323K	3x	as long as short