Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.039%
Price spread now: ApeX Omni against Backpack−0.369%84s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.369% cheaper against Backpack than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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 | Backpack MEGA_USDC_PERP | 0.04601 | 0.0302 | pay 0.0038% / 1h | 13m 47s | $18K | $41K | 5x |
| Short | ApeX Omni MEGAUSDT | 0.04584 | 0.0100 | get 0.0013% / 1h | 13m 47s | $25K | $231K | 50x |
Backpack MEGA_USDC_PERP
ApeX Omni MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.5
- Price spread: −0.369% → 0.000%
- −$36.95
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$99.45
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; ApeX Omni: live order book, 57 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 Backpack no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 57 min ago | 8.87 bp | 16.6 bp −$17 | 137.2 bp −$1,372 | doesn't fit | doesn't fit |
Backpack: 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 | −0.0048% | 1h | 0.04490 | −2.404% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04596 | −0.109% | $13K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04589 | −0.261% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0037% | 1h | 0.04599 | −0.033% | $199K | $136K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0081% | 4h | 0.04591 | −0.217% | $199K | $78K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04594 | −0.151% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04599 | −0.050% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04598 | −0.057% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04597 | −0.087% | $3.6M | $5.3M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04595 | −0.130% | $937K | $3.0M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04593 | −0.174% | $201K | $314K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04597 | −0.087% | $858K | $362K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04601 | 0.000% | $242K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04598 | −0.065% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04598 | −0.065% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04584 | −0.363% | $323K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04585 | −0.343% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDTshort | +0.0100% | 1h | 0.04584 | −0.369% | $25K | $231K | 50x | |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04596 | −0.109% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04596 | −0.109% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | −0.782% | $135K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04598 | −0.054% | $132K | $819K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04598 | −0.069% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04595 | −0.133% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERPlong | +0.0302% | 1h | 0.04601 | long leg | $18K | $41K | 5x | |
| Lighter MEGA | +0.0928% | 1h | 0.04617 | +0.348% | $649K | $325K | 3x | as long as short |
| Hyperliquid MEGA | +0.1117% | 1h | 0.04606 | +0.115% | $7.9M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2557% | 1h | 0.04608 | +0.161% | $112 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL