Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0844%/8h= −92.4% APRpaid last 24h +0.163%

Price spread now: Coinbase International against SunX+0.164%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Coinbase International is 0.164% dearer against SunX than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MEGA-USDT	0.04582	0.0100	pay 0.0050% / 4h	44m 57s	$2K	$1.9M	10x
Short	Coinbase International MEGA-PERP-INTX	0.04589	−0.0744	pay 0.0093% / 1h	44m 57s	$5K	$13K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$177.24
Price spread: +0.164% → 0.000%: $16.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$178.87
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; 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 SunX live order book, 1 min ago	500.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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-INTXshort	−0.0744%	1h	0.04589	+0.164%	$5K	$13K	50x
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04583	+0.031%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0060%	1h	0.04582	−0.011%	$199K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0079%	4h	0.04580	−0.044%	$203K	$95K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04594	+0.262%	$7.9M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04589	+0.162%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04583	+0.022%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04588	+0.130%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04586	+0.087%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04587	+0.109%	$940K	$3.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04588	+0.131%	$199K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04588	+0.131%	$811K	$373K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04588	+0.131%	$234K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04587	+0.109%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04585	+0.065%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04581	−0.018%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04571	−0.237%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04587	+0.109%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04583	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDTlong	+0.0100%	4h	0.04582	long leg	$2K	$1.9M	10x
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.698%	$134K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04585	+0.061%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04582	+0.004%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04584	+0.044%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04583	+0.028%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0514%	1h	0.04591	+0.196%	$18K	$49K	5x	as long as short
Lighter MEGA	+0.0632%	1h	0.04607	+0.546%	$652K	$337K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1015%	1h	0.04591	+0.203%	$111	$15	25x	as long as short