Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.018%
Price spread now: Reya against Gate−0.071%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Reya is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.0 days of funding at the current rate (+$2 a day). The two prices were read 47 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 | Gate MEGA_USDT | 0.04529 | 0.0100 | pay 0.0050% / 4h | 50m 33s | $204K | $320K | 20x |
| Short | Reya MEGARUSDPERP | 0.04526 | 0.0159 | get 0.0020% / 1h | 50m 33s | $3 | — | 3x |
Gate MEGA_USDT
Reya MEGARUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.38
- Price spread: −0.071% → 0.000%
- −$7.05
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$15.67
- Costs to cover
- 0.210%
- Break-even
- 15.9 days
Slippage unknown: Gate: live order book, 53 min ago; Reya: 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, 53 min ago | 8.59 bp | 256.7 bp −$257 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 exchanges
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 | −0.0168% | 1h | 0.04589 | +1.336% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0136% | 4h | 0.04535 | +0.132% | $3.5M | $5.4M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04539 | +0.221% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04529 | −0.010% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0077% | 1h | 0.04527 | −0.044% | $195K | $139K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04527 | −0.044% | $3K | $2K | 10x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04534 | +0.119% | $7.9M | $2.4M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04532 | +0.074% | $21K | $89K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04530 | +0.018% | $14K | $11K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04535 | +0.123% | $4.0M | $13.0M | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04534 | +0.110% | $903K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04545 | +0.356% | $141K | $8K | 10x | as long as short |
| Gate MEGA_USDTlong | +0.0100% | 4h | 0.04529 | long leg | $204K | $320K | 20x | |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04529 | 0.000% | $682K | $394K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04531 | +0.044% | $239K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04531 | +0.044% | $1.0M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04527 | −0.044% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04530 | +0.022% | $17K | $51K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04526 | −0.071% | $333K | $235K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04550 | +0.472% | $27K | $2.4M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04549 | +0.442% | $24K | $226K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04528 | −0.022% | $1K | $1.7M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04526 | −0.056% | $127K | $794K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0134% | 4h | 0.04529 | 0.000% | $200K | $82K | 50x | as long as short |
| Reya MEGARUSDPERPshort | +0.0159% | 1h | 0.04526 | −0.071% | $3 | — | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04528 | −0.013% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0302% | 1h | 0.04531 | +0.049% | $110 | $15 | 25x | as long as short |
| Lighter MEGA | +0.0616% | 1h | 0.04549 | +0.442% | $606K | $414K | 3x | as long as short |
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA