Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%
Price spread now: Binance against Backpack0.000%7-day average — · you sell dearer than you buy
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
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MEGA_USDC_PERP | 0.04443 | 0.0100 | pay 0.0013% / 1h | 56m 04s | $14K | $40K | 5x |
| Short | Binance MEGAUSDT | 0.04443 | 0.0100 | get 0.0050% / 4h | 2h 56m | $4.0M | $12.8M | 50x |
Backpack MEGA_USDC_PERP
Binance MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$20
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago | 1.12 bp | 20.1 bp −$20 | 95.6 bp −$956 | 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 | −0.0288% | 1h | 0.04400 | −0.961% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04434 | −0.214% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04458 | +0.338% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0025% | 1h | 0.04438 | −0.113% | $192K | $156K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0089% | 4h | 0.04435 | −0.180% | $197K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04434 | −0.203% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04436 | −0.163% | $20K | $81K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04444 | +0.023% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.0100% | 4h | 0.04443 | 0.000% | $4.0M | $12.8M | 50x | |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04441 | −0.045% | $3.4M | $4.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Bybit MEGAUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04435 | −0.180% | $908K | $2.8M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04460 | +0.383% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04438 | −0.113% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04442 | −0.023% | $783K | $349K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04441 | −0.045% | $229K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04443 | 0.000% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04440 | −0.068% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERPlong | +0.0100% | 1h | 0.04443 | long leg | $14K | $40K | 5x | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04458 | +0.339% | $241K | $107K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04452 | +0.203% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04449 | +0.135% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04438 | −0.113% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04437 | −0.135% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04438 | −0.122% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04434 | −0.207% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.1247% | 1h | 0.04452 | +0.196% | $7.6M | $2.4M | 3x | as long as short |
| Lighter MEGA | +0.1408% | 1h | 0.04460 | +0.383% | $600K | $299K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1712% | 1h | 0.04443 | +0.005% | $108 | $15 | 25x | as long as short |
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL