Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.006%

Price spread now: Nado against Variational Omni+0.012%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.012%, 7d avg +0.018%

Together, before fees−0.036%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04507	0.0100	pay 0.0050% / 4h	49m 28s	$226K	$133K	—
Short	Nado MEGA-PERP	0.04508	0.0114	get 0.0014% / 1h	49m 28s	$195K	$135K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.012%Rate

Funding earned: $3.02
Price spread: +0.012% → +0.018%: −$0.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.49
Costs to cover: 0.070%
Break-even: 17.4 days

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Nado: live order book, 28 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, 29 min ago	4.47 bp	doesn't fit	288.6 bp −$2,886	doesn't fit	doesn't fit
Sell Nado live order book, 28 min ago	4.47 bp	19.7 bp −$20	117.9 bp −$1,179	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04504	−0.076%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04502	−0.121%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04507	−0.014%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04507	+0.001%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04505	−0.057%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04498	−0.209%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04499	−0.187%	$916K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04510	+0.057%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04504	−0.076%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04507	−0.010%	$773K	$349K	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	0.04506	−0.032%	$237K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	−0.010%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04502	−0.121%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04507	long leg	$226K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	+0.079%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04507	−0.010%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04512	+0.101%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04506	−0.028%	$128K	$613K	5x	as long as short
Nado MEGA-PERPshort	+0.0114%	1h	0.04508	+0.012%	$195K	$135K	2x
BloFin MEGA-USDT	+0.0146%	4h	0.04505	−0.054%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04506	−0.023%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04503	−0.087%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.378%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04513	+0.123%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0792%	1h	0.04511	+0.079%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0808%	1h	0.04515	+0.161%	$7.7M	$2.3M	3x	as long as short
Lighter MEGA	+0.1448%	1h	0.04528	+0.456%	$637K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2346%	1h	0.04519	+0.254%	$109	$15	25x	as long as short