Funding you earn now, next payment 03:00 UTC+0.1140%/8h= +124.8% APRnext payment +$1.42 per $10,000 · paid last 24h +0.336%
Price spread now: Deribit against Reya+0.205%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$34 a day on $10k at the current rate, and Deribit is 0.205% dearer against Reya than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04582 | 0.0159 | pay 0.0020% / 1h | 9m 44s | $3 | — | 3x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04591 | 0.1299 | get 0.0162% / 1h | 9m 44s | $111 | $15 | 25x |
Reya MEGARUSDPERP
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $239.38
- Price spread: +0.205% → 0.000%
- $20.54
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $246.92
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0800% | 1h | 0.04490 | −2.001% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04584 | +0.037% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0061% | 1h | 0.04587 | +0.118% | $198K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0092% | 4h | 0.04580 | −0.046% | $203K | $94K | 50x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04589 | +0.160% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04584 | +0.039% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04576 | −0.133% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04575 | −0.155% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04572 | −0.220% | $940K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04576 | −0.133% | $199K | $320K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04574 | −0.177% | $822K | $369K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04583 | +0.020% | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04576 | −0.133% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04572 | −0.220% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04581 | −0.032% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04578 | −0.093% | $25K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04580 | −0.046% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04583 | +0.020% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04587 | +0.107% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +0.391% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04572 | −0.224% | $130K | $821K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04582 | long leg | $3 | — | 3x | |
| Backpack MEGA_USDC_PERP | +0.0161% | 1h | 0.04588 | +0.129% | $18K | $46K | 5x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04576 | −0.133% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04583 | +0.016% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04580 | −0.052% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0576% | 1h | 0.04601 | +0.413% | $651K | $336K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.1299% | 1h | 0.04591 | +0.205% | $111 | $15 | 25x |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Backpack MEGA_USDC_PERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA