Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.442%

Price spread now: GMX against MEXC+0.009%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on GMX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$158 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04573	0.0100	pay 0.0050% / 4h	3h 26m	$801K	$376K	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04573	L +0.0237% / S −0.5353%	get 0.0669% / 1h	26m 19s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $1,103.09
Price spread: +0.009% → 0.000%: $0.87
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,091.97
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 19 min ago; GMX: 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 MEXC live order book, 19 min ago	2.17 bp	12.1 bp −$12	69.7 bp −$697	205.6 bp −$20.6K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Coinbase International MEGA-PERP-INTX	−0.0680%	1h	0.04589	+0.361%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0046%	4h	0.04572	−0.022%	$3.5M	$5.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	0.04583	+0.219%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04573	0.000%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0086%	1h	0.04568	−0.098%	$197K	$144K	2x	as long as short
BloFin MEGA-USDT	+0.0087%	4h	0.04590	+0.372%	$203K	$95K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04572	−0.015%	$19K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04572	−0.020%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04574	+0.030%	$4.1M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04570	−0.066%	$932K	$3.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04599	+0.559%	$136K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04572	−0.022%	$203K	$327K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04573	long leg	$801K	$376K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04568	−0.109%	$233K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04574	+0.022%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04573	0.000%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04566	−0.153%	$18K	$53K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04592	+0.420%	$324K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04585	+0.262%	$29K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04593	+0.437%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04573	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04574	+0.022%	$990	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04573	+0.004%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04570	−0.073%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0237% / S −0.5353%	1h	0.04573	+0.009%	$3K	—	45x
Hyperliquid MEGA	+0.0334%	1h	0.04577	+0.079%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.0936%	1h	0.04594	+0.459%	$650K	$342K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1149%	1h	0.04580	+0.162%	$111	$15	25x	as long as short