Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.022%82s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$522as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5225.215% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.022%, 7d avg +0.018%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.040% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 82 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	KuCoin MEGAUSDTM	0.04537	0.0100	pay 0.0050% / 4h	2h 02m	$227K	$120K	50x
Short	ApeX Omni MEGAUSDT	0.04536	0.0100	get 0.0013% / 1h	2m 00s	$23K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.018%: −$3.96
Slippage, 4 orders: −$499.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$525.47
Costs to cover: 5.215%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; ApeX Omni: live order book, 44 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 KuCoin live order book, 54 min ago	14.31 bp	167.7 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	6.65 bp	16.0 bp −$16	135.1 bp −$1,351	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	−0.0048%	1h	0.04589	+1.157%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0007%	4h	0.04537	0.000%	$3.5M	$5.9M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04535	−0.053%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04534	−0.055%	$195K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0088%	4h	0.04541	+0.088%	$198K	$94K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04537	+0.002%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04536	−0.015%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04540	+0.062%	$4.0M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04534	−0.066%	$918K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04535	−0.044%	$134K	$111	10x	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	0.04537	0.000%	$205K	$334K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04537	0.000%	$796K	$409K	50x	as long as short
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04537	long leg	$227K	$120K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04537	0.000%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04538	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04536	−0.017%	$320K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04540	+0.072%	$30K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04536	−0.022%	$23K	$228K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04537	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04534	−0.066%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04536	−0.018%	$127K	$412K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04534	−0.074%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04547	+0.220%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04534	−0.064%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0273%	1h	0.04542	+0.110%	$18K	$56K	5x	as long as short
Hyperliquid MEGA	+0.0351%	1h	0.04547	+0.214%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.0376%	1h	0.04559	+0.485%	$617K	$374K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1182%	1h	0.04544	+0.165%	$110	$15	25x	as long as short