Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.006%

Price spread now: Nado against Gate+0.101%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3303.297% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now +0.101%, 7d avg +0.011%

Together, before fees+0.121%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.090% dearer against Gate than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.011%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04450	0.0100	pay 0.0050% / 4h	1h 31m	$189K	$310K	20x
Short	Nado MEGA-PERP	0.04454	0.0050	get 0.0006% / 1h	31m 18s	$192K	$151K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.101%Rate

Funding earned: −$10.49
Price spread: +0.101% → +0.011%: $9.02
Slippage, 4 orders: −$307.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$331.18
Costs to cover: 3.297%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; Nado: 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, 46 min ago	7.82 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	2.22 bp	19.3 bp −$19	123.6 bp −$1,236	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	+0.908%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04449	−0.015%	$12K	—	150x	as long as short
Nado MEGA-PERPshort	+0.0050%	1h	0.04454	+0.101%	$192K	$151K	2x
BloFin MEGA-USDT	+0.0062%	4h	0.04455	+0.112%	$194K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04448	−0.045%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04452	+0.054%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04455	+0.115%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04451	+0.022%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04445	−0.112%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04447	−0.067%	$912K	$2.8M	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	0.04455	+0.112%	$131K	$5K	10x	as long as short
Gate MEGA_USDTlong	+0.0100%	4h	0.04450	long leg	$189K	$310K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04452	+0.045%	$760K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04455	+0.112%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04451	+0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04448	−0.045%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04455	+0.112%	$223K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04459	+0.202%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04452	+0.045%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04455	+0.112%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04450	−0.006%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04452	+0.055%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04462	+0.270%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04450	−0.007%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0413%	1h	0.04454	+0.090%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1409%	1h	0.04462	+0.265%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1706%	1h	0.04457	+0.151%	$108	$15	25x	as long as short
Lighter MEGA	+0.2832%	1h	0.04471	+0.472%	$626K	$321K	3x	as long as short