Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.006%

Price spread now: Gate against Nado−0.034%7-day average −0.011% · 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−$332as in the Price arb table

costs, in and out, $10k−$3303.297% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.246%−$25 · spread now −0.034%, 7d avg −0.011%

Together, before fees−0.189%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.023% cheaper against Nado than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.011%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04454	0.0051	pay 0.0006% / 1h	32m 27s	$192K	$151K	2x
Short	Gate MEGA_USDT	0.04453	0.0100	get 0.0050% / 4h	1h 32m	$190K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.24
Price spread: −0.034% → −0.011%: −$2.28
Slippage, 4 orders: −$307.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$321.76
Costs to cover: 3.297%
Break-even: 227.0 days

Slippage from Nado: live order book, 50 min ago; Gate: live order book, 45 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, 50 min ago	2.22 bp	18.5 bp −$18	103.2 bp −$1,032	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	7.82 bp	211.7 bp −$212	doesn't fit	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	−0.0144%	1h	0.04490	+0.806%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04453	−0.025%	$12K	—	150x	as long as short
Nado MEGA-PERPlong	+0.0051%	1h	0.04454	long leg	$192K	$151K	2x
BloFin MEGA-USDT	+0.0082%	4h	0.04460	+0.123%	$195K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04453	−0.034%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04456	+0.039%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04455	+0.011%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04454	−0.006%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04449	−0.123%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04451	−0.079%	$912K	$2.9M	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	0.04455	+0.011%	$131K	$5K	10x	as long as short
Gate MEGA_USDTshort	+0.0100%	4h	0.04453	−0.034%	$190K	$310K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04454	−0.011%	$760K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04457	+0.056%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04454	−0.011%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04453	−0.034%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04455	+0.011%	$223K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04459	+0.100%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04456	+0.034%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04454	−0.011%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04454	−0.017%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04452	−0.059%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04462	+0.168%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04452	−0.054%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0433%	1h	0.04457	+0.056%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1412%	1h	0.04464	+0.216%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1951%	1h	0.04463	+0.184%	$108	$15	25x	as long as short
Lighter MEGA	+0.2696%	1h	0.04475	+0.460%	$625K	$319K	3x	as long as short