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% APRpaid last 24h 0.000%

Price spread now: Bulk against Variational Omni+0.311%7-day average +0.056% · you sell dearer than you buy

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

Long on Variational Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.405%−$40 · spread now +0.311%, 7d avg +0.056%

Together, before fees−0.401%+ 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: Bulk is 0.255% dearer against Variational Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04501	0.0100	pay 0.0050% / 4h	6m 02s	$226K	$133K	—
Short	Bulk MEGA-USD	0.04515	0.0100	get 0.0013% / 1h	6m 02s	$133K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Variational Omni. 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 Variational OmnibpFee BulkbpOrdersPrice spread, now +0.311%Rate

Funding earned: $0
Price spread: +0.311% → +0.056%: $25.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $18.52
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Bulk: live order book, 8 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, 8 min ago	4.43 bp	doesn't fit	277.1 bp −$2,771	doesn't fit	doesn't fit
Sell Bulk live order book, 8 min ago	11.07 bp	14.6 bp −$15	29.8 bp −$298	167.2 bp −$16.7K	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04506	+0.119%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0070%	4h	0.04518	+0.380%	$196K	$76K	50x	as long as short
Bybit MEGAUSDT	+0.0074%	4h	0.04503	+0.047%	$3.5M	$4.9M	20x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04510	+0.205%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04512	+0.247%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04508	+0.158%	$3.9M	$12.9M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04504	+0.069%	$918K	$2.9M	20x	as long as short
Bulk MEGA-USDshort	+0.0100%	1h	0.04515	+0.311%	$133K	$4K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04508	+0.158%	$196K	$313K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04507	+0.136%	$768K	$355K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04510	+0.202%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04509	+0.180%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04505	+0.091%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04501	long leg	$226K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04520	+0.424%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04519	+0.402%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	+0.113%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04505	+0.091%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04507	+0.127%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0107%	1h	0.04509	+0.191%	$195K	$135K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04504	+0.077%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04506	+0.116%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.233%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04507	+0.136%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0382%	1h	0.04509	+0.180%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0888%	1h	0.04516	+0.329%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0904%	1h	0.04512	+0.258%	$109	$15	25x	as long as short
Lighter MEGA	+0.1272%	1h	0.04530	+0.647%	$637K	$320K	3x	as long as short