Funding you earn now, next payment 06:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h −0.035%
Price spread now: Bulk against GMX−0.997%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bulk is 0.997% cheaper against GMX than usual: you would sell low and buy high (−$100 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | GMX MEGA/USD [ETH-USDC] | 0.04535 | L +0.0237% / S −0.5353% | pay 0.0030% / 1h | 14m 30s | $3K | — | 45x |
| Short | Bulk MEGA-USD | 0.04490 | 0.0100 | get 0.0013% / 1h | 14m 30s | $133K | $111 | 10x |
GMX MEGA/USD [ETH-USDC]
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against GMX. 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
- −$28.78
- Price spread: −0.997% → 0.000%
- −$99.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$147.44
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bulk: live order book, 34 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 Bulk live order book, 34 min ago | 11.05 bp | 26.5 bp −$26 | 51.8 bp −$518 | 356.6 bp −$35.7K | 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 27 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 | −0.0048% | 1h | 0.04589 | +1.197% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0021% | 4h | 0.04541 | +0.128% | $3.5M | $5.9M | 20x | as long as short |
| Nado MEGA-PERP | +0.0054% | 1h | 0.04544 | +0.194% | $196K | $142K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04542 | +0.144% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04541 | +0.123% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04542 | +0.144% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04541 | +0.128% | $920K | $3.2M | 20x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04490 | −0.997% | $133K | $111 | 10x | |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04539 | +0.084% | $204K | $333K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04543 | +0.172% | $812K | $400K | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04540 | +0.106% | $229K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04542 | +0.150% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04546 | +0.238% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04536 | +0.023% | $320K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04536 | +0.011% | $21K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04531 | −0.093% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04535 | −0.004% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04537 | +0.040% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04543 | +0.179% | $128K | $431K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0139% | 4h | 0.04541 | +0.128% | $198K | $94K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0158% | 1h | 0.04541 | +0.128% | $18K | $57K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04539 | +0.090% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04542 | +0.150% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | L +0.0237% / S −0.5353% | 1h | 0.04535 | long leg | $3K | — | 45x | |
| Lighter MEGA | +0.0344% | 1h | 0.04560 | +0.547% | $622K | $366K | 3x | as long as short |
| Hyperliquid MEGA | +0.0383% | 1h | 0.04548 | +0.284% | $7.9M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1161% | 1h | 0.04542 | +0.157% | $110 | $15 | 25x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Phoenix MEGA
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL