Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.202%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$635as in the Funding arb table

Net, price: spread back to 7d avg − costs−$621as in the Price arb table

costs, in and out, $10k−$6366.359% of the position

Long on OKX Short on KuCoin

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)−0.228%−$23 · spread now +0.202%, 7d avg +0.052%

Together, before fees−0.215%−$21 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: KuCoin is 0.151% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEGA-USDT-SWAP	0.04446	0.0100	pay 0.0050% / 4h	1h 48m	$910K	$2.8M	20x
Short	KuCoin MEGAUSDTM	0.04455	0.0100	get 0.0050% / 4h	1h 48m	$235K	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.052%: $15.07
Slippage, 4 orders: −$613.93
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$620.86
Costs to cover: 6.359%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 21 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, 3 min ago	1.12 bp	29.2 bp −$29	170.8 bp −$1,708	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	13.40 bp	244.3 bp −$244	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	+0.999%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04452	+0.129%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0043%	1h	0.04452	+0.146%	$192K	$152K	2x	as long as short
BloFin MEGA-USDT	+0.0064%	4h	0.04451	+0.112%	$196K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04452	+0.135%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04453	+0.147%	$20K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04454	+0.189%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04453	+0.148%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04449	+0.067%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04446	long leg	$910K	$2.8M	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04465	+0.427%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04452	+0.135%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04452	+0.135%	$760K	$345K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04455	+0.202%	$235K	$113K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04453	+0.157%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04450	+0.090%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04455	+0.205%	$224K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04460	+0.315%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04460	+0.315%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04452	+0.135%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04452	+0.131%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04452	+0.140%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04464	+0.405%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04451	+0.106%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0492%	1h	0.04454	+0.180%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0941%	1h	0.04457	+0.245%	$108	$15	25x	as long as short
Lighter MEGA	+0.1168%	1h	0.04473	+0.607%	$619K	$311K	3x	as long as short
Hyperliquid MEGA	+0.1316%	1h	0.04464	+0.409%	$7.6M	$2.4M	3x	as long as short