Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+0.105%7-day average +0.040% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

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 4 days (all we have)−0.880%−$88 · spread now +0.105%, 7d avg +0.040%

Together, before fees−0.880%+ Points / potential airdropVariational Omni: Active · farm board−$88 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: KuCoin is 0.065% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04563	0.0100	pay 0.0050% / 4h	2h 00m	$322K	$226K	—
Short	KuCoin MEGAUSDTM	0.04568	0.0100	get 0.0050% / 4h	2h 00m	$238K	$112K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.040%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$5.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 35 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, 3 min ago	6.55 bp	doesn't fit	146.3 bp −$1,463	doesn't fit	doesn't fit
Sell KuCoin live order book, 35 min ago	11.95 bp	292.5 bp −$293	doesn't fit	doesn't fit	doesn't fit

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	−1.595%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04565	+0.038%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04561	−0.048%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04565	+0.032%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04566	+0.066%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04564	+0.027%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04563	−0.004%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04559	−0.092%	$938K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04567	+0.084%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04566	+0.061%	$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	+0.039%	$816K	$367K	50x	as long as short
KuCoin MEGAUSDTMshort	+0.0100%	4h	0.04568	+0.105%	$238K	$112K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04565	+0.039%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04564	+0.018%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04563	long leg	$322K	$226K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04561	−0.048%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04557	−0.136%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04564	+0.018%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04566	+0.061%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04563	−0.006%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04557	−0.141%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04562	−0.026%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04564	+0.028%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0635%	1h	0.04569	+0.127%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1240%	1h	0.04587	+0.522%	$649K	$336K	3x	as long as short
Hyperliquid MEGA	+0.1578%	1h	0.04575	+0.250%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1634%	1h	0.04575	+0.248%	$111	$15	25x	as long as short