Spread before costs (cost unknown: a leg has no order-book sample)+0.313%
7d average—if it closes, per $10,000$31funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MEGAUSDT | 0.04389 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $33K | $58K | 5x |
| Short | Phoenix MEGA | 0.04403 | 0 | get 0.0000% / 1h | 42m 25s | $20K | $6K | 5x |
Aster MEGAUSDT
Phoenix MEGAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $31.27
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $13.27
- Spread needed to break even
- 0.150%
Slippage unknown: Aster: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- Average in range /8h
- —
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 Phoenix no order-book sample | — | — | — | — | — |
Aster and Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Gate0.04378cheapestBybit0.04379+0.023%OKX0.04379+0.023%Extended0.04380+0.057%Nado0.04380+0.057%Binance0.04381+0.069%BingX0.04381+0.069%Reya0.04382+0.096%MEXC0.04383+0.114%Bitget0.04385+0.160%KuCoin0.04386+0.183%Pacifica0.04387+0.196%Orderly0.04389+0.251%SunX0.04389+0.251%
Gate
Bybit
OKX
Extended
Nado
Binance
BingX
Reya
MEXC
Bitget
KuCoin
Pacifica
Orderly
SunXAster0.04389+0.257%
GMX0.04390+0.286%Backpack0.04391+0.297%gTrade (Gains Network)0.04391+0.299%Hyperliquid0.04395+0.386%Deribit0.04395+0.395%
GMX
Backpack
gTrade (Gains Network)
Hyperliquid
DeribitPhoenix0.04403+0.571%
Lighter0.04405+0.617%BloFin0.04407+0.662%ApeX Omni0.04412+0.777%Bulk0.04420+0.959%Variational Omni0.04429+1.168%Coinbase International0.04524+3.328%
Lighter
BloFin
ApeX Omni
Bulk
Variational Omni
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | −0.257% | +0.0064% | 4h | $194K | $249K | 20x | as long as short |
| Bybit MEGAUSDT | −0.234% | +0.0100% | 4h | $3.2M | $4.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.234% | +0.0100% | 4h | $908K | $2.8M | 20x | as long as short |
| Extended MEGA-USD | −0.200% | +0.0104% | 1h | $132K | $605K | 5x | as long as short |
| Nado MEGA-PERP | −0.200% | +0.0038% | 1h | $189K | $152K | 2x | as long as short |
| Binance MEGAUSDT | −0.188% | +0.0100% | 4h | $4.0M | $12.2M | 50x | as long as short |
| BingX MEGA-USDT | −0.188% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Reya MEGARUSDPERP | −0.161% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| MEXC MEGA_USDT | −0.143% | +0.0100% | 4h | $770K | $354K | 50x | as long as short |
| Bitget MEGAUSDT | −0.097% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | −0.075% | +0.0100% | 4h | $229K | $114K | 50x | as long as short |
| Pacifica MEGA | −0.061% | +0.0100% | 1h | $14K | $10K | 3x | as long as short |
| Orderly PERP_MEGA_USDC | −0.006% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| SunX MEGA-USDT | −0.006% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Aster MEGAUSDTlong | 0.000% | +0.0100% | 4h | $33K | $58K | 5x | |
| GMX MEGA/USD [ETH-USDC] | +0.028% | L +0.0235% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.039% | +0.0100% | 1h | $17K | $38K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.041% | L −0.0018% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Hyperliquid MEGA | +0.128% | +0.1371% | 1h | $7.4M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.137% | +0.1916% | 1h | $106 | $15 | 25x | as long as short |
| Phoenix MEGAshort | +0.313% | 0.0000% | 1h | $20K | $6K | 5x | |
| Lighter MEGA | +0.358% | +0.0096% | 1h | $598K | $275K | 3x | as long as short |
| BloFin MEGA-USDT | +0.404% | +0.0084% | 4h | $205K | $74K | 50x | as long as short |
| ApeX Omni MEGAUSDT | +0.518% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Bulk MEGA-USD | +0.700% | +0.0100% | 1h | $131K | $569 | 10x | as long as short |
| Variational Omni MEGA | +0.909% | +0.0100% | 4h | $233K | $102K | — | as long as short |
| Coinbase International MEGA-PERP-INTX | +3.063% | +0.1192% | 1h | $7K | $6K | 50x | as long as short |