Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.006%

Price spread now: Bitget against Nado−0.033%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now −0.033%, 7d avg +0.004%

Together, before fees−0.062%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.037% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04513	0.0114	pay 0.0014% / 1h	50m 27s	$195K	$135K	2x
Short	Bitget MEGAUSDT	0.04512	0.0100	get 0.0050% / 4h	50m 27s	$1.1M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$2.93
Price spread: −0.033% → +0.004%: −$3.71
Slippage, 4 orders: −$66.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$91.73
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from Nado: live order book, 27 min ago; Bitget: 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 Nado live order book, 27 min ago	4.47 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.43 bp	19.6 bp −$20	101.8 bp −$1,018	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04510	−0.074%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04510	−0.078%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04512	−0.038%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04514	+0.002%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04511	−0.055%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04506	−0.166%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	−0.100%	$918K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04510	−0.078%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04509	−0.100%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04512	−0.033%	$774K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04516	+0.055%	$238K	$113K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04512	−0.033%	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04509	−0.100%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04507	−0.146%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04512	−0.033%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	−0.166%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04515	+0.033%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04511	−0.053%	$128K	$613K	5x	as long as short
Nado MEGA-PERPlong	+0.0114%	1h	0.04513	long leg	$195K	$135K	2x
BloFin MEGA-USDT	+0.0146%	4h	0.04505	−0.188%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04510	−0.068%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04510	−0.071%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.512%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04513	−0.011%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0809%	1h	0.04515	+0.033%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0830%	1h	0.04519	+0.122%	$7.7M	$2.3M	3x	as long as short
Lighter MEGA	+0.1488%	1h	0.04534	+0.454%	$638K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1635%	1h	0.04519	+0.117%	$109	$15	25x	as long as short