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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Orderly+0.199%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.199% dearer against Orderly than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MEGA_USDC0.045250.0100pay 0.0050% / 4h1h 56m$3K$2K10x
ShortApeX Omni MEGAUSDT0.045340.0100get 0.0013% / 1h56m 31s$23K$228K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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: +0.199% → 0.000%
$19.89
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$3.89
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell ApeX Omni live order book, 50 min ago6.65 bp16.0 bp −$16135.1 bp −$1,351doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04526+0.014%$1K150xas long as short
Bybit MEGAUSDT+0.0023%4h0.04522−0.066%$3.4M$5.9M20xas long as short
Nado MEGA-PERP+0.0053%1h0.04523−0.033%$195K$142K2xas long as short
BloFin MEGA-USDT+0.0073%4h0.04531+0.133%$199K$93K50xas long as short
Aster MEGAUSDT+0.0100%4h0.04526+0.011%$20K$96K5xas long as short
Pacifica MEGA+0.0100%1h0.04524−0.013%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04524−0.015%$4.0M$13.8M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04520−0.110%$915K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04535+0.221%$134K$11110xas long as short
Gate MEGA_USDT+0.0100%4h0.045250.000%$204K$326K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04522−0.066%$781K$402K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.045250.000%$226K$120K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.045250.000%$1.0M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04524−0.022%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04533+0.169%$319K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04538+0.276%$22K$1.9M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04534+0.199%$23K$228K50x
Orderly PERP_MEGA_USDClong+0.0100%4h0.04525long leg$3K$2K10x
SunX MEGA-USDT+0.0100%4h0.045250.000%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04521−0.081%$127K$410K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04521−0.082%$33xas long as short
Phoenix MEGA+0.0177%1h0.04534+0.199%$21K$7K5xas long as short
Lighter MEGA+0.0208%1h0.04539+0.309%$608K$377K3xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04526+0.027%$3K45xas long as short
Hyperliquid MEGA+0.0321%1h0.04532+0.155%$7.8M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0700%1h0.04530+0.115%$110$1525xas long as short
Backpack MEGA_USDC_PERP+0.0740%1h0.04528+0.066%$18K$56K5xas long as short
Coinbase International MEGA-PERP-INTX+0.0872%1h0.04589+1.425%$5K$12K50xas long as short