Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.018%

Price spread now: Reya against MEXC−0.046%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.046% cheaper against MEXC than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04557	0.0100	pay 0.0050% / 4h	12m 31s	$766K	$408K	50x
Short	Reya MEGARUSDPERP	0.04555	0.0159	get 0.0020% / 1h	12m 31s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.046%Rate

Funding earned: $12.37
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.74
Costs to cover: 0.060%
Break-even: 6.0 days

Slippage unknown: MEXC: live order book, 18 min ago; Reya: 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, 18 min ago	1.10 bp	10.6 bp −$11	60.6 bp −$606	238.7 bp −$23.9K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.04561	+0.090%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0049%	1h	0.04555	−0.033%	$196K	$140K	2x	as long as short
Lighter MEGA	+0.0096%	1h	0.04577	+0.439%	$611K	$385K	3x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04560	+0.066%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04559	+0.041%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04559	+0.055%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04556	−0.026%	$4.0M	$13.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04558	+0.022%	$3.5M	$5.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04555	−0.044%	$915K	$3.2M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04559	+0.044%	$206K	$329K	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_USDTlong	+0.0100%	4h	0.04557	long leg	$766K	$408K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04557	0.000%	$227K	$121K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04559	+0.044%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04555	−0.044%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04559	+0.050%	$322K	$228K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04554	−0.058%	$24K	$2.0M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04557	0.000%	$23K	$226K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04556	−0.022%	$1K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.154%	$134K	−$0	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04554	−0.057%	$127K	$794K	5x	as long as short
BloFin MEGA-USDT	+0.0157%	4h	0.04555	−0.044%	$201K	$95K	50x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04555	−0.046%	$3	—	3x
Phoenix MEGA	+0.0175%	1h	0.04555	−0.044%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04554	−0.064%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0385%	1h	0.04568	+0.244%	$7.9M	$2.6M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0464%	1h	0.04563	+0.132%	$19K	$54K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0517%	1h	0.04565	+0.171%	$110	$15	25x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1376%	1h	0.04589	+0.713%	$5K	$12K	50x	as long as short