Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.180%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.399%−$40 · spread now +0.180%, 7d avg +0.006%

Together, before fees−0.399%+ Points / potential airdropVariational Omni: Active · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.174% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04457	0.0100	pay 0.0050% / 4h	1h 38m	$224K	$135K	—
Short	Binance MEGAUSDT	0.04466	0.0100	get 0.0050% / 4h	1h 38m	$3.9M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.006%: $17.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Binance: live order book, 1 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 Variational Omni RFQ quote, 45 min ago	8.94 bp	doesn't fit	529.5 bp −$5,295	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.12 bp	14.5 bp −$14	91.9 bp −$919	doesn't fit	doesn't fit

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	−0.0144%	1h	0.04490	+0.738%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04457	−0.006%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0048%	1h	0.04459	+0.045%	$193K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04457	−0.011%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04461	+0.087%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04460	+0.065%	$14K	$8K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04466	+0.180%	$3.9M	$12.8M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04461	+0.079%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04462	+0.101%	$913K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	−0.056%	$131K	$5K	10x	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	0.04462	+0.101%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04465	+0.169%	$762K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04463	+0.124%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04463	+0.124%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04463	+0.124%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04457	long leg	$224K	$135K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04458	+0.002%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04454	−0.078%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04461	+0.079%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04465	+0.173%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0141%	4h	0.04461	+0.079%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04460	+0.057%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04461	+0.079%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04457	−0.020%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0416%	1h	0.04467	+0.213%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1455%	1h	0.04477	+0.429%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1680%	1h	0.04466	+0.180%	$108	$15	25x	as long as short
Lighter MEGA	+0.1816%	1h	0.04484	+0.595%	$622K	$314K	3x	as long as short