Funding you earn now, next payment 01:00 UTC−0.0492%/8h= −53.9% APRnext payment −$0.62 per $10,000 · paid last 24h +0.209%
Price spread now: Coinbase International against Nado−1.483%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Coinbase International is 1.483% cheaper against Nado than usual: you would sell low and buy high (−$148 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | Nado MEGA-PERP | 0.04558 | 0.0060 | pay 0.0008% / 1h | 2m 35s | $197K | $140K | 2x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04490 | −0.0432 | pay 0.0054% / 1h | 2m 35s | $5K | $12K | 50x |
Nado MEGA-PERP
Coinbase International MEGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$103.39
- Price spread: −1.483% → 0.000%
- −$148.31
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$268.7
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 65 min ago; Coinbase International: 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 Nado live order book, 65 min ago | 4.32 bp | 22.5 bp −$23 | 118.0 bp −$1,180 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 27 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-INTXshort | −0.0432% | 1h | 0.04490 | −1.483% | $5K | $12K | 50x | |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04565 | +0.151% | $1K | — | 150x | as long as short |
| Nado MEGA-PERPlong | +0.0060% | 1h | 0.04558 | long leg | $197K | $140K | 2x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04560 | +0.045% | $18K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04557 | −0.015% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04559 | +0.031% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04558 | 0.000% | $3.6M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04555 | −0.066% | $937K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04567 | +0.198% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04557 | −0.022% | $202K | $320K | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04555 | −0.066% | $814K | $367K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04558 | 0.000% | $238K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04556 | −0.044% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04552 | −0.132% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04581 | +0.509% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04568 | +0.219% | $18K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04585 | +0.592% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04565 | +0.154% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04575 | +0.373% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04551 | −0.145% | $131K | $829K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04558 | −0.005% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04581 | +0.505% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04564 | +0.129% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0663% | 1h | 0.04560 | +0.044% | $18K | $46K | 5x | as long as short |
| Lighter MEGA | +0.1248% | 1h | 0.04578 | +0.439% | $648K | $336K | 3x | as long as short |
| Hyperliquid MEGA | +0.1617% | 1h | 0.04566 | +0.171% | $7.9M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1743% | 1h | 0.04575 | +0.364% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL