Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h −0.002%

Price spread now: BloFin against Pacifica−0.155%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on BloFin

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.155% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MEGA	0.04527	0.0100	pay 0.0013% / 1h	58m 22s	$14K	$9K	3x
Short	BloFin MEGA-USDT	0.04520	0.0159	get 0.0079% / 4h	3h 58m	$196K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now −0.155%Rate

Funding earned: $12.34
Price spread: −0.155% → 0.000%: −$15.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.13
Costs to cover: 0.200%
Break-even: 20.1 days

Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 6 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	1.11 bp	23.9 bp −$24	82.2 bp −$822	doesn't fit	doesn't fit

Pacifica: 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	0.04490	−0.808%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04526	−0.017%	$12K	—	150x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04527	−0.002%	$18K	$86K	5x	as long as short
Pacifica MEGAlong	+0.0100%	1h	0.04527	long leg	$14K	$9K	3x
Binance MEGAUSDT	+0.0100%	4h	0.04526	−0.022%	$3.9M	$13.1M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04524	−0.066%	$3.5M	$5.2M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04520	−0.155%	$927K	$3.0M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04527	+0.001%	$134K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04524	−0.066%	$198K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04526	−0.022%	$771K	$350K	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	0.04529	+0.044%	$238K	$115K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04525	−0.044%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04524	−0.066%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04528	+0.022%	$18K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04523	−0.091%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04542	+0.334%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04545	+0.398%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04525	−0.044%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04528	+0.022%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04523	−0.085%	$129K	$609K	5x	as long as short
Nado MEGA-PERP	+0.0120%	1h	0.04523	−0.077%	$196K	$137K	2x	as long as short
BloFin MEGA-USDTshort	+0.0159%	4h	0.04520	−0.155%	$196K	$76K	50x
Reya MEGARUSDPERP	+0.0159%	1h	0.04522	−0.113%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04525	−0.044%	$3K	—	45x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04544	+0.376%	$21K	$6K	5x	as long as short
Hyperliquid MEGA	+0.0445%	1h	0.04534	+0.163%	$7.7M	$2.4M	3x	as long as short
Lighter MEGA	+0.0816%	1h	0.04547	+0.442%	$639K	$320K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1606%	1h	0.04534	+0.161%	$110	$15	25x	as long as short