Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against Aster−0.107%7-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 Reya

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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.107% cheaper against Aster than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MEGAUSDT	0.04537	0.0100	pay 0.0050% / 4h	2h 17m	$19K	$91K	5x
Short	Reya MEGARUSDPERP	0.04532	0.0159	get 0.0020% / 1h	17m 24s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.107%Rate

Funding earned: $12.36
Price spread: −0.107% → 0.000%: −$10.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$12.34
Costs to cover: 0.140%
Break-even: 14.0 days

Slippage unknown: Aster: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Aster and Reya: 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
Bybit MEGAUSDT	−0.0055%	4h	0.04534	−0.058%	$3.5M	$5.9M	20x	as long as short
Coinbase International MEGA-PERP-INTX	−0.0048%	1h	0.04589	+1.165%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04533	−0.082%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0053%	1h	0.04532	−0.091%	$195K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	0.04526	−0.235%	$199K	$93K	50x	as long as short
Aster MEGAUSDTlong	+0.0100%	4h	0.04537	long leg	$19K	$91K	5x
Pacifica MEGA	+0.0100%	1h	0.04542	+0.109%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04536	−0.014%	$4.0M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04532	−0.102%	$918K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04490	−1.028%	$133K	$111	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	0.04536	−0.014%	$203K	$333K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04534	−0.058%	$810K	$400K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04532	−0.102%	$229K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04535	−0.036%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04533	−0.080%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04509	−0.605%	$318K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04536	−0.020%	$21K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04533	−0.080%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04533	−0.080%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04545	+0.184%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04536	−0.007%	$128K	$431K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0110%	1h	0.04548	+0.250%	$18K	$57K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04532	−0.107%	$3	—	3x
Phoenix MEGA	+0.0177%	1h	0.04526	−0.235%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04532	−0.109%	$3K	—	45x	as long as short
Lighter MEGA	+0.0376%	1h	0.04559	+0.493%	$621K	$366K	3x	as long as short
Hyperliquid MEGA	+0.0393%	1h	0.04542	+0.125%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0897%	1h	0.04539	+0.056%	$110	$15	25x	as long as short