data as of
Settings8H · net · $10k
Funding arb /

MEGA

all MEGA markets
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Funding spread now, next payment 16:00 UTC+0.5217%/8h
next payment, per $10,000+$6.52paid, last 24h+0.605%paid, last 3 days+0.467%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.467% in total (about 60.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MEGA-PERP0.045640.0136pay 0.0017% / 1h20m 12s$198K$127K2x
ShortGMX MEGA/USD [ETH-USDC]0.04573L +0.0237% / S −0.5353%get 0.0669% / 1h20m 12s$3K45x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$1,095.6
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$1,076.6
Break-even
0.1 days
Slippage unknown: Nado: live order book, 29 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.188%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 29 min ago6.34 bp24.4 bp −$24108.9 bp −$1,089doesn't fitdoesn'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 27 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MEGAUSDT−0.0073%4h$3.4M$4.2M20xas long as short
gTrade (Gains Network) MEGA/USDL −0.0022% / S +0.0023%1h$15K150xas long as short
Aster MEGAUSDT+0.0100%4h$34K$52K5xas long as short
Pacifica MEGA+0.0100%1h$15K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h$4.5M$10.3M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h$942K$2.6M20xas long as short
Gate MEGA_USDT+0.0100%4h$209K$226K20xas long as short
MEXC MEGA_USDT+0.0100%4h$781K$312K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h$229K$86K50xas long as short
Bitget MEGAUSDT+0.0100%4h$1.1M$1.2M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX MEGA-USDT+0.0100%4h$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h$20K$35K5xas long as short
Variational Omni MEGA+0.0100%4h$223K$79Kas long as short
ApeX Omni MEGAUSDT+0.0100%1h$26K$219K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h$3K$99410xas long as short
SunX MEGA-USDT+0.0100%4h$2K$1.7M10xas long as short
Bulk MEGA-USD+0.0100%1h$138K$56910xas long as short
Extended MEGA-USD+0.0104%1h$138K$605K5xas long as short
Nado MEGA-PERPlong+0.0136%1h$198K$127K2x
Reya MEGARUSDPERP+0.0159%1h$33xas long as short
BloFin MEGA-USDT+0.0159%4h$226K$74K50xas long as short
Phoenix MEGA+0.0174%1h$21K$5K5xas long as short
GMX MEGA/USD [ETH-USDC]shortL +0.0237% / S −0.5353%1h$3K45x
Coinbase International MEGA-PERP-INTX+0.1256%1h$8K$5K50xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1651%1h$111$1525xas long as short
Hyperliquid MEGA+0.1794%1h$7.7M$2.3M3xas long as short
Lighter MEGA+0.2008%1h$588K$193K3xas long as short