MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0285%/8h= +31.2% APRnext payment +$0.36 per $10,000 · paid last 24h +0.013%

Price spread now: Backpack against GMX−0.031%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Backpack

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. Backpack is 0.031% cheaper against GMX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04578	L +0.0237% / S −0.5353%	pay 0.0030% / 1h	49m 37s	$3K	—	45x
Short	Backpack MEGA_USDC_PERP	0.04577	0.0523	get 0.0065% / 1h	49m 37s	$18K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now −0.031%Rate

Funding earned: $59.9
Price spread: −0.031% → 0.000%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $34.85
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage unknown: GMX: no order-book sample; Backpack: 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

GMX and Backpack: 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	−0.0744%	1h	0.04589	+0.242%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04578	−0.013%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0048%	1h	0.04571	−0.162%	$198K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0050%	4h	0.04587	+0.188%	$202K	$95K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04582	+0.074%	$7.9M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04574	−0.093%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04574	−0.087%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04571	−0.159%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04572	−0.140%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04568	−0.227%	$936K	$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
Gate MEGA_USDT	+0.0100%	4h	0.04574	−0.096%	$199K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04572	−0.140%	$817K	$369K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04574	−0.096%	$230K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04573	−0.118%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04570	−0.183%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	+0.083%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04606	+0.592%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04585	+0.144%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04576	−0.052%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04573	−0.118%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.620%	$134K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04570	−0.189%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04569	−0.200%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04599	+0.450%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0237% / S −0.5353%	1h	0.04578	long leg	$3K	—	45x
Deribit MEGA_USDC-PERPETUAL	+0.0471%	1h	0.04582	+0.076%	$111	$15	25x	as long as short
Backpack MEGA_USDC_PERPshort	+0.0523%	1h	0.04577	−0.031%	$18K	$48K	5x
Lighter MEGA	+0.0544%	1h	0.04595	+0.363%	$650K	$337K	3x	as long as short