Funding you earn now, next payment 23:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.004%
Price spread now: SunX against Phoenix−0.222%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.222% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MEGA | 0.04513 | 0.0355 | pay 0.0044% / 1h | 42m 40s | $21K | $7K | 5x |
| Short | SunX MEGA-USDT | 0.04503 | 0.0100 | get 0.0050% / 4h | 42m 40s | $2K | $1.9M | 10x |
Phoenix MEGA
SunX MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.55
- Price spread: −0.222% → 0.000%
- −$22.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$90.71
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 13 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell SunX live order book, 13 min ago | 501.94 bp | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04501 | −0.261% | $12K | — | 150x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04501 | −0.266% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | −0.232% | $18K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04503 | −0.228% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04501 | −0.266% | $3.9M | $12.9M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04494 | −0.421% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04495 | −0.399% | $917K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04510 | −0.066% | $133K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04496 | −0.377% | $192K | $309K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04499 | −0.310% | $769K | $349K | 50x | as long as short |
gTrade (Gains Network) MEGA/USD
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04501 | −0.266% | $237K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04498 | −0.332% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04496 | −0.377% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04512 | −0.024% | $226K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04513 | −0.003% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04508 | −0.111% | $25K | $230K | 50x | as long as short |
| SunX MEGA-USDTshort | +0.0100% | 4h | 0.04503 | −0.222% | $2K | $1.9M | 10x | |
| Extended MEGA-USD | +0.0104% | 1h | 0.04499 | −0.317% | $128K | $613K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0105% | 4h | 0.04503 | −0.222% | $194K | $77K | 50x | as long as short |
| Nado MEGA-PERP | +0.0109% | 1h | 0.04505 | −0.177% | $195K | $135K | 2x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04501 | −0.256% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04500 | −0.284% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0296% | 1h | 0.04490 | −0.501% | $5K | $12K | 50x | as long as short |
| Phoenix MEGAlong | +0.0355% | 1h | 0.04513 | long leg | $21K | $7K | 5x | |
| Backpack MEGA_USDC_PERP | +0.0754% | 1h | 0.04505 | −0.177% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.0878% | 1h | 0.04512 | −0.020% | $7.7M | $2.3M | 3x | as long as short |
| Lighter MEGA | +0.1544% | 1h | 0.04521 | +0.177% | $636K | $319K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1705% | 1h | 0.04509 | −0.082% | $109 | $15 | 25x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Extended MEGA-USD
BloFin MEGA-USDT
Nado MEGA-PERP
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL