MEGA

Alert

Funding spread now, next payment 15:00 UTC−0.0197%/8h

next payment, per $10,000−$0.25paid, last 24h−0.034%paid, last 3 days−0.008%to open and closeno order book

Long on Phoenix Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.008% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MEGA	0.04592	0.0174	pay 0.0022% / 1h	51m 32s	$21K	$5K	5x
Short	gTrade (Gains Network) MEGA/USD	0.04670	L −0.0022% / S +0.0023%	pay 0.0003% / 1h	51m 32s	$15K	—	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$41.31
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$60.31
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.701%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Phoenix and 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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MEGAUSDT	−0.0246%	4h	$3.5M	$3.5M	20x	as long as short
gTrade (Gains Network) MEGA/USDshort	L −0.0022% / S +0.0023%	1h	$15K	—	150x
ApeX Omni MEGAUSDT	+0.0005%	1h	$30K	$215K	50x	as long as short
Nado MEGA-PERP	+0.0062%	1h	$182K	$84K	2x	as long as short
BloFin MEGA-USDT	+0.0068%	4h	$213K	$72K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$36K	$46K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$15K	$6K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.5M	$8.3M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$946K	$2.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$136K	$569	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	$207K	$174K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$797K	$279K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$223K	$77K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$1.0M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	$16K	$29K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$183K	$17K	—	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	$3K	$53	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.4M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$137K	$600K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
Phoenix MEGAlong	+0.0174%	1h	$21K	$5K	5x
GMX MEGA/USD [ETH-USDC]	L +0.0240% / S −0.5353%	1h	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0847%	1h	$6.9M	$1.5M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1256%	1h	$8K	$5K	50x	as long as short
Lighter MEGA	+0.2000%	1h	$604K	$168K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2169%	1h	$113	$15	25x	as long as short