Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.037%

Price spread now: gTrade (Gains Network) against OKX+0.199%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.199% dearer against OKX than usual: you sell high and buy low (spread +0.199% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEGA-USDT-SWAP	0.04490	0.0100	pay 0.0050% / 4h	2h 28m	$911K	$3.1M	20x
Short	gTrade (Gains Network) MEGA/USD	0.04499	L +0.0001% / S +0.0023%	pay 0.0003% / 1h	28m 50s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.199%Rate

Funding earned: −$25.77
Price spread: +0.199% → 0.000%: $19.87
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$27.9
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; gTrade (Gains Network): 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 OKX live order book, 3 min ago	2.23 bp	33.6 bp −$34	158.1 bp −$1,581	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	0.04589	+2.216%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0024%	4h	0.04489	−0.022%	$3.4M	$5.9M	20x	as long as short
gTrade (Gains Network) MEGA/USDshort	L +0.0001% / S +0.0023%	1h	0.04499	+0.199%	$1K	—	150x
Nado MEGA-PERP	+0.0059%	1h	0.04500	+0.234%	$194K	$141K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04495	+0.115%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04498	+0.178%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04494	+0.099%	$3.9M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04490	long leg	$911K	$3.1M	20x
Gate MEGA_USDT	+0.0100%	4h	0.04493	+0.067%	$200K	$330K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04494	+0.089%	$811K	$397K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04495	+0.111%	$227K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04493	+0.067%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04490	0.000%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04490	+0.007%	$317K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04497	+0.163%	$20K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04495	+0.111%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04498	+0.178%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04501	+0.245%	$1K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04501	+0.235%	$133K	$111	10x	as long as short
Backpack MEGA_USDC_PERP	+0.0103%	1h	0.04500	+0.223%	$18K	$56K	5x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04492	+0.039%	$126K	$429K	5x	as long as short
BloFin MEGA-USDT	+0.0155%	4h	0.04498	+0.178%	$198K	$93K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04499	+0.208%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04493	+0.067%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04499	+0.207%	$3K	—	45x	as long as short
Lighter MEGA	+0.0408%	1h	0.04519	+0.646%	$616K	$366K	3x	as long as short
Hyperliquid MEGA	+0.0481%	1h	0.04501	+0.241%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1062%	1h	0.04505	+0.323%	$109	$15	25x	as long as short