Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.018%

Price spread now: Bitget against Reya+0.048%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. Bitget is 0.048% dearer against Reya than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04694	0.0159	pay 0.0020% / 1h	3m 16s	$3	—	3x
Short	Bitget MEGAUSDT	0.04696	0.0100	get 0.0050% / 4h	3h 03m	$1.1M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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 ReyabpFee BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$12.38
Price spread: +0.048% → 0.000%: $4.84
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	7.49 bp	29.9 bp −$30	155.7 bp −$1,557	doesn't fit	doesn't fit

Reya: 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
Phoenix MEGA	0.0000%	1h	0.04675	−0.399%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04695	+0.024%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0044%	4h	0.04694	+0.006%	$3.6M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0061%	1h	0.04695	+0.038%	$203K	$138K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04696	+0.041%	$21K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04697	+0.074%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04694	+0.006%	$4.1M	$13.5M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04690	−0.079%	$943K	$3.2M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04695	+0.027%	$211K	$334K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04694	+0.006%	$778K	$409K	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	0.04695	+0.027%	$254K	$125K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04696	+0.048%	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04694	+0.006%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04672	−0.469%	$338K	$230K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04693	−0.023%	$27K	$2.1M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04689	−0.101%	$24K	$226K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04693	−0.016%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04692	−0.037%	$1K	$1.8M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04650	−0.932%	$137K	−$0	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04693	−0.010%	$131K	$800K	5x	as long as short
BloFin MEGA-USDT	+0.0115%	4h	0.04691	−0.058%	$205K	$88K	50x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04694	long leg	$3	—	3x
Backpack MEGA_USDC_PERP	+0.0235%	1h	0.04700	+0.134%	$19K	$53K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04702	+0.176%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0350%	1h	0.04704	+0.219%	$8.1M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0687%	1h	0.04700	+0.131%	$114	$15	25x	as long as short
Lighter MEGA	+0.0848%	1h	0.04716	+0.474%	$638K	$396K	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1296%	1h	0.04589	−2.221%	$5K	$12K	50x	as long as short