Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against SunX−0.202%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Reya is 0.202% cheaper against SunX than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MEGA-USDT	0.04566	0.0100	pay 0.0050% / 4h	2h 00m	$2K	$1.9M	10x
Short	Reya MEGARUSDPERP	0.04557	0.0159	get 0.0020% / 1h	0m 40s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.202%Rate

Funding earned: $12.35
Price spread: −0.202% → 0.000%: −$20.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.88
Costs to cover: 0.140%
Break-even: 19.4 days

Slippage unknown: SunX: live order book, 5 min ago; Reya: 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, 5 min ago	500.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 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-INTX	−0.0432%	1h	0.04490	−1.656%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04565	−0.023%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0060%	1h	0.04554	−0.263%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04564	−0.052%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04566	+0.004%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04566	0.000%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04564	−0.044%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04562	−0.088%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04567	+0.022%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04566	0.000%	$202K	$320K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04565	−0.022%	$816K	$367K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04568	+0.044%	$238K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04565	−0.022%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04565	−0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04563	−0.061%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04561	−0.110%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04557	−0.197%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04564	−0.044%	$3K	$2K	10x	as long as short
SunX MEGA-USDTlong	+0.0100%	4h	0.04566	long leg	$2K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04564	−0.046%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04557	−0.202%	$3	—	3x
Phoenix MEGA	+0.0173%	1h	0.04562	−0.088%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04564	−0.033%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0635%	1h	0.04569	+0.066%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1240%	1h	0.04587	+0.460%	$649K	$336K	3x	as long as short
Hyperliquid MEGA	+0.1578%	1h	0.04575	+0.188%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1634%	1h	0.04575	+0.186%	$111	$15	25x	as long as short