Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.087%

Price spread now: GMX against Aster−0.099%51s7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.099% cheaper against Aster than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2 hours of funding at the current rate (+$158 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MEGAUSDT	0.04461	0.0100	pay 0.0050% / 4h	1h 38m	$18K	$82K	5x
Short	GMX MEGA/USD [ETH-USDC]	0.04457	L +0.0236% / S −0.5353%	get 0.0669% / 1h	38m 32s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $1,103.09
Price spread: −0.099% → 0.000%: −$9.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,073.23
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: Aster: no order-book sample; GMX: 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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 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	+0.659%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04457	−0.084%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0049%	1h	0.04465	+0.090%	$193K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04457	−0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDTlong	+0.0100%	4h	0.04461	long leg	$18K	$82K	5x
Pacifica MEGA	+0.0100%	1h	0.04464	+0.067%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04465	+0.086%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04460	−0.022%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04461	0.000%	$913K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	−0.134%	$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	0.04460	−0.022%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04462	+0.022%	$762K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04464	+0.067%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04461	0.000%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04462	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04457	−0.079%	$224K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04458	−0.077%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04454	−0.157%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04461	0.000%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04464	+0.061%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0141%	4h	0.04461	0.000%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04460	−0.022%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04461	0.000%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0236% / S −0.5353%	1h	0.04457	−0.099%	$3K	—	45x
Backpack MEGA_USDC_PERP	+0.0416%	1h	0.04467	+0.134%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1453%	1h	0.04474	+0.294%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1680%	1h	0.04466	+0.101%	$108	$15	25x	as long as short
Lighter MEGA	+0.1816%	1h	0.04482	+0.471%	$622K	$314K	3x	as long as short