Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.132%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$556as in the Funding arb table

Net, price: spread back to 7d avg − costs−$562as in the Price arb table

costs, in and out, $10k−$5545.543% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.132%, 7d avg −0.053%

Together, before fees+0.138%+$14 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: OKX is 0.079% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEGAUSDTM	0.04536	0.0100	pay 0.0050% / 4h	2h 01m	$227K	$120K	50x
Short	OKX MEGA-USDT-SWAP	0.04530	0.0100	get 0.0050% / 4h	2h 01m	$918K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.053%: −$7.94
Slippage, 4 orders: −$532.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$562.2
Costs to cover: 5.543%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; OKX: live order book, 1 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, 55 min ago	14.31 bp	167.7 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.20 bp	30.7 bp −$31	133.1 bp −$1,331	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	+1.179%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0007%	4h	0.04534	−0.044%	$3.4M	$5.9M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04535	−0.031%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04534	−0.033%	$195K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0088%	4h	0.04541	+0.110%	$198K	$94K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04537	+0.021%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04537	+0.026%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04537	+0.013%	$4.0M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAPshort	+0.0100%	4h	0.04530	−0.132%	$918K	$3.2M	20x
Bulk MEGA-USD	+0.0100%	1h	0.04535	−0.022%	$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	+0.022%	$205K	$334K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04536	0.000%	$796K	$409K	50x	as long as short
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04536	long leg	$227K	$120K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04538	+0.044%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04537	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04536	+0.005%	$320K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04540	+0.094%	$30K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04536	0.000%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04537	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04534	−0.044%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04537	+0.015%	$127K	$412K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04534	−0.052%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04547	+0.243%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04534	−0.042%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0273%	1h	0.04542	+0.132%	$18K	$56K	5x	as long as short
Hyperliquid MEGA	+0.0350%	1h	0.04543	+0.146%	$7.8M	$2.6M	3x	as long as short
Lighter MEGA	+0.0384%	1h	0.04556	+0.441%	$616K	$374K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1182%	1h	0.04544	+0.187%	$110	$15	25x	as long as short