Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against OKX−0.129%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.129%, 7d avg +0.079%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.207% cheaper against OKX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MEGA-USDT-SWAP0.046650.0100pay 0.0050% / 4h1h 53m$940K$3.1M20x
ShortApeX Omni MEGAUSDT0.046590.0100get 0.0013% / 1h53m 29s$24K$225K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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

Funding earned
$0
Price spread: −0.129% → +0.079%
−$20.74
Slippage, 4 orders
−$94.71
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$135.45
Costs to cover
1.147%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago2.15 bp29.0 bp −$29138.9 bp −$1,389doesn't fitdoesn't fit
Sell ApeX Omni live order book, 55 min ago11.79 bp20.9 bp −$21141.6 bp −$1,416doesn't fitdoesn't fit

MEGA on 28 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0328%1h0.04589−1.618%$5K$12K50xas long as short
Bybit MEGAUSDT−0.0243%4h0.04667+0.043%$3.6M$5.5M20xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04652−0.270%$1K150xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0029%1h0.04654−0.236%$113$1525xas long as short
Nado MEGA-PERP+0.0090%1h0.04666+0.032%$201K$137K2xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04648−0.364%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.046650.000%$21K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04666+0.021%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04666+0.020%$4.1M$13.0M50xas long as short
OKX MEGA-USDT-SWAPlong+0.0100%4h0.04665long leg$940K$3.1M20x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04660−0.101%$138K−$010xas long as short
Gate MEGA_USDT+0.0100%4h0.046650.000%$210K$324K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04666+0.021%$748K$390K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.046650.000%$248K$113K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04668+0.064%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.046650.000%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04654−0.236%$17K$52K5xas long as short
Variational Omni MEGA+0.0100%4h0.04650−0.315%$336K$229Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04657−0.174%$20K$2.2M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04659−0.129%$24K$225K50x
SunX MEGA-USDT+0.0100%4h0.04650−0.322%$2K$1.7M10xas long as short
Extended MEGA-USD+0.0104%1h0.04665+0.010%$130K$798K5xas long as short
BloFin MEGA-USDT+0.0131%4h0.04650−0.322%$205K$82K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04667+0.051%$33xas long as short
Phoenix MEGA+0.0170%1h0.04650−0.322%$21K$7K5xas long as short
Hyperliquid MEGA+0.0191%1h0.04665−0.006%$8.1M$2.4M3xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04655−0.223%$3K45xas long as short
Lighter MEGA+0.0432%1h0.04685+0.429%$636K$404K3xas long as short