Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h −0.030%

Price spread now: BloFin against GMX+0.064%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.064% dearer against GMX than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04519	L +0.0237% / S −0.5353%	pay 0.0030% / 1h	55m 17s	$3K	—	45x
Short	BloFin MEGA-USDT	0.04522	0.0054	get 0.0027% / 4h	1h 55m	$199K	$93K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$38.42
Price spread: +0.064% → 0.000%: $6.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 20 min ago. 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 BloFin live order book, 20 min ago	7.71 bp	26.5 bp −$27	81.7 bp −$817	doesn't fit	doesn't fit

GMX: 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
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04519	0.000%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0024%	4h	0.04518	−0.024%	$3.4M	$5.9M	20x	as long as short
BloFin MEGA-USDTshort	+0.0054%	4h	0.04522	+0.064%	$199K	$93K	50x
Nado MEGA-PERP	+0.0062%	1h	0.04521	+0.042%	$195K	$142K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04521	+0.033%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04523	+0.097%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04522	+0.060%	$4.0M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04515	−0.091%	$914K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04535	+0.352%	$134K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04519	−0.002%	$204K	$326K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04519	−0.002%	$780K	$403K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04518	−0.024%	$226K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04520	+0.020%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04517	−0.046%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04520	+0.013%	$318K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04528	+0.197%	$23K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04527	+0.175%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04519	−0.002%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04518	−0.024%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04518	−0.028%	$127K	$410K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04518	−0.029%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04534	+0.330%	$21K	$7K	5x	as long as short
Lighter MEGA	+0.0232%	1h	0.04537	+0.396%	$608K	$377K	3x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0237% / S −0.5353%	1h	0.04519	long leg	$3K	—	45x
Hyperliquid MEGA	+0.0327%	1h	0.04529	+0.223%	$7.8M	$2.6M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0608%	1h	0.04525	+0.131%	$18K	$56K	5x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0872%	1h	0.04589	+1.558%	$5K	$12K	50x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1056%	1h	0.04525	+0.133%	$110	$15	25x	as long as short