MEGA

Alert

Funding spread now, next payment 14:00 UTC−0.0260%/8h

paid, last 24h+0.007%paid, last 5 days+0.226%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MEGA	0.04390	0.0360	pay 0.0045% / 1h	47m 11s	$20K	$5K	5x
Short	KuCoin MEGAUSDTM	0.04401	0.0100	get 0.0050% / 4h	1h 47m	$195K	$52K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee KuCoinbpOrdersRate

Funding earned: −$54.64
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.64
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 20 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.251%
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 KuCoin live order book, 20 min ago	13.40 bp	303.4 bp −$303	doesn't fit	doesn't fit	doesn't fit

Phoenix: 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
ApeX Omni MEGAUSDT	−0.0310%	1h	$27K	$214K	50x	as long as short
Bybit MEGAUSDT	−0.0201%	4h	$3.1M	$2.9M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	$191	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	$3K	$53	10x	as long as short
Hyperliquid MEGA	+0.0100%	1h	$6.6M	$1.2M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$27K	$28K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$14K	$6K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.0M	$6.4M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$844K	$1.5M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$131K	$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	$172K	$118K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$636K	$248K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	$195K	$52K	50x
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$667K	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	$13K	$27K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$175K	$16K	—	as long as short
SunX MEGA-USDT	+0.0100%	4h	$1K	$1.1M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$130K	$600K	5x	as long as short
BloFin MEGA-USDT	+0.0106%	4h	$203K	$44K	50x	as long as short
Nado MEGA-PERP	+0.0109%	1h	$177K	$66K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	$3K	—	45x	as long as short
Phoenix MEGAlong	+0.0360%	1h	$20K	$5K	5x
Lighter MEGA	+0.0832%	1h	$529K	$80K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1224%	1h	$7K	$4K	50x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1634%	1h	$107	$15	25x	as long as short