Funding you earn now, next payment 02:00 UTC−0.0959%/8h= −105.0% APRnext payment −$1.20 per $10,000 · paid last 24h +0.185%
Price spread now: Coinbase International against Reya−1.164%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Coinbase International is 1.164% cheaper against Reya than usual: you would sell low and buy high (−$116 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 | Reya MEGARUSDPERP | 0.04543 | 0.0159 | pay 0.0020% / 1h | 56m 58s | $3 | — | 3x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04490 | −0.0800 | pay 0.0100% / 1h | 56m 58s | $5K | $12K | 50x |
Reya MEGARUSDPERP
Coinbase International MEGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Reya. 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
- −$201.35
- Price spread: −1.164% → 0.000%
- −$116.41
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$333.76
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: no order-book sample. 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 Coinbase International no order-book sample | — | — | — | — | — |
Reya and Coinbase International: 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: 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-INTXshort | −0.0800% | 1h | 0.04490 | −1.164% | $5K | $12K | 50x | |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04548 | +0.103% | $1K | — | 150x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04556 | +0.273% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04547 | +0.086% | $18K | $90K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04555 | +0.259% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04560 | +0.368% | $3.6M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04560 | +0.368% | $936K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04567 | +0.522% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04544 | +0.016% | $201K | $317K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04549 | +0.126% | $813K | $363K | 50x | as long as short |
gTrade (Gains Network) MEGA/USD
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04551 | +0.170% | $238K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04562 | +0.412% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04550 | +0.148% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04553 | +0.214% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04563 | +0.438% | $322K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04560 | +0.370% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04561 | +0.390% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04547 | +0.082% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04551 | +0.170% | $2K | $1.9M | 10x | as long as short |
| Nado MEGA-PERP | +0.0104% | 1h | 0.04542 | −0.028% | $196K | $140K | 2x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04559 | +0.344% | $130K | $829K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04543 | long leg | $3 | — | 3x | |
| Phoenix MEGA | +0.0173% | 1h | 0.04560 | +0.368% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04549 | +0.123% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04543 | −0.004% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0808% | 1h | 0.04570 | +0.588% | $646K | $329K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1773% | 1h | 0.04558 | +0.319% | $110 | $15 | 25x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Nado MEGA-PERP
Extended MEGA-USD
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL