Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against OKX+0.022%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now +0.022%, 7d avg +0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MEGA-USDT-SWAP | 0.04620 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $945K | $3.1M | 20x |
| Short | Bybit MEGAUSDT | 0.04621 | 0.0100 | get 0.0050% / 4h | 3h 08m | $3.6M | $5.3M | 20x |
OKX MEGA-USDT-SWAP
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $0
- Price spread: +0.022% → +0.020%
- $0.18
- Slippage, 4 orders
- −$89.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.22
- Costs to cover
- 1.104%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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 OKX live order book, 4 min ago | 2.17 bp | 31.5 bp −$32 | 162.3 bp −$1,623 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.17 bp | 29.2 bp −$29 | 135.6 bp −$1,356 | 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 | −0.0048% | 1h | 0.04490 | −2.805% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04624 | +0.086% | $13K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04610 | −0.216% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0040% | 1h | 0.04621 | +0.032% | $200K | $136K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0089% | 4h | 0.04644 | +0.519% | $201K | $90K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04627 | +0.158% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04629 | +0.195% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04623 | +0.065% | $4.1M | $13.3M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04621 | +0.022% | $3.6M | $5.3M | 20x | |
| OKX MEGA-USDT-SWAPlong | +0.0100% | 4h | 0.04620 | long leg | $945K | $3.1M | 20x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04624 | +0.087% | $202K | $315K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04626 | +0.130% | $861K | $362K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04631 | +0.238% | $243K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04622 | +0.043% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04622 | +0.043% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04606 | −0.309% | $325K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04601 | −0.410% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04608 | −0.260% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04623 | +0.065% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04626 | +0.130% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | −1.190% | $135K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04622 | +0.042% | $130K | $822K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04621 | +0.017% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04623 | +0.058% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0374% | 1h | 0.04625 | +0.108% | $19K | $41K | 5x | as long as short |
| Lighter MEGA | +0.0984% | 1h | 0.04650 | +0.649% | $654K | $325K | 3x | as long as short |
| Hyperliquid MEGA | +0.1196% | 1h | 0.04636 | +0.348% | $7.9M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2259% | 1h | 0.04635 | +0.327% | $112 | $15 | 25x | as long as short |
Gate MEGA_USDT
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
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL