Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0804%/8h= +88.0% APRpaid last 24h +0.246%
Price spread now: Lighter against Aster+0.663%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.663% dearer against Aster than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MEGAUSDT0.045950.0100pay 0.0050% / 4h3h 22m$20K$96K5x
ShortLighter MEGA0.046250.0904get 0.0113% / 1h22m 31s$618K$387K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$168.84
Price spread: +0.663% → 0.000%
$66.29
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$227.13
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter live order book, 3 min ago13.07 bp15.8 bp −$16doesn't fitdoesn't fitdoesn't fit
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MEGAUSDT−0.0241%4h0.04605+0.228%$3.5M$5.8M20xas long as short
Phoenix MEGA0.0000%1h0.04577−0.382%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04602+0.159%$1K150xas long as short
Nado MEGA-PERP+0.0050%1h0.04609+0.304%$199K$140K2xas long as short
BloFin MEGA-USDT+0.0061%4h0.04568−0.578%$203K$95K50xas long as short
Aster MEGAUSDTlong+0.0100%4h0.04595long leg$20K$96K5x
Pacifica MEGA+0.0100%1h0.04606+0.241%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04606+0.258%$4.1M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04604+0.206%$925K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04570−0.534%$135K−$010xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04603+0.184%$207K$332K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04604+0.206%$761K$404K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04601+0.141%$244K$124K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04611+0.358%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04607+0.271%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04604+0.206%$17K$55K5xas long as short
Variational Omni MEGA+0.0100%4h0.04567−0.608%$321K$224Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04576−0.404%$28K$2.0M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04576−0.404%$24K$226K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04599+0.097%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04590−0.099%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04606+0.256%$128K$802K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04611+0.354%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04601+0.145%$3K45xas long as short
Hyperliquid MEGA+0.0308%1h0.04617+0.491%$8.0M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0728%1h0.04606+0.247%$111$1525xas long as short
Lighter MEGAshort+0.0904%1h0.04625+0.663%$618K$387K3x
Coinbase International MEGA-PERP-INTX+0.1296%1h0.04589−0.110%$5K$12K50xas long as short