Spread before costs (cost unknown: a leg has no order-book sample)+1.799%
7d average—if it closes, per $10,000$180funding while held, a day+$34.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MEGA_USDC_PERP | 0.04685 | 0.0100 | pay 0.0013% / 1h | 27m 44s | $22K | $34K | 5x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04769 | 0.1256 | get 0.0157% / 1h | 27m 44s | $8K | $6K | 50x |
Backpack MEGA_USDC_PERP
Coinbase International MEGA-PERP-INTXPrice 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
- $179.94
- Funding while held
- $34.68
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $194.62
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1156%
- Per $10,000 a day
- +$34.68
- 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Backpack and Coinbase International: 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.OKX0.04651cheapestMEXC0.04654+0.065%BingX0.04654+0.065%Extended0.04655+0.082%Bybit0.04655+0.086%KuCoin0.04655+0.086%Bitget0.04655+0.086%Pacifica0.04658+0.155%Binance0.04659+0.172%Gate0.04659+0.172%Hyperliquid0.04670+0.404%Aster0.04676+0.542%Lighter0.04679+0.602%GMX0.04685+0.727%
OKX
MEXC
BingX
Extended
Bybit
KuCoin
Bitget
Pacifica
Binance
Gate
Hyperliquid
Aster
Lighter
GMXBackpack0.04685+0.731%
Orderly0.04685+0.731%SunX0.04686+0.753%Reya0.04686+0.754%gTrade (Gains Network)0.04686+0.762%Deribit0.04693+0.901%BloFin0.04696+0.968%Nado0.04707+1.204%Bulk0.04715+1.376%Variational Omni0.04737+1.850%ApeX Omni0.04746+2.043%Phoenix0.04752+2.172%
Orderly
SunX
Reya
gTrade (Gains Network)
Deribit
BloFin
Nado
Bulk
Variational Omni
ApeX Omni
PhoenixCoinbase International0.04769+2.544%
MEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAP | −0.726% | +0.0100% | 4h | $981K | $2.5M | 20x | as long as short |
| MEXC MEGA_USDT | −0.662% | +0.0100% | 4h | $796K | $306K | 50x | as long as short |
| BingX MEGA-USDT | −0.662% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Extended MEGA-USD | −0.644% | +0.0104% | 1h | $140K | $605K | 5x | as long as short |
| Bybit MEGAUSDT | −0.640% | −0.0130% | 4h | $3.5M | $4.1M | 20x | as long as short |
| KuCoin MEGAUSDTM | −0.640% | +0.0100% | 4h | $230K | $84K | 50x | as long as short |
| Bitget MEGAUSDT | −0.640% | +0.0100% | 4h | $1.1M | $1.1M | 50x | as long as short |
| Pacifica MEGA | −0.572% | +0.0100% | 1h | $15K | $10K | 3x | as long as short |
| Binance MEGAUSDT | −0.555% | +0.0100% | 4h | $4.6M | $9.8M | 50x | as long as short |
| Gate MEGA_USDT | −0.555% | +0.0100% | 4h | $213K | $198K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid MEGA | −0.324% | +0.1963% | 1h | $7.8M | $2.2M | 3x | as long as short |
| Aster MEGAUSDT | −0.188% | +0.0100% | 4h | $34K | $51K | 5x | as long as short |
| Lighter MEGA | −0.128% | +0.2136% | 1h | $606K | $181K | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.004% | L +0.0239% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERPlong | 0.000% | +0.0100% | 1h | $22K | $34K | 5x | |
| Orderly PERP_MEGA_USDC | 0.000% | +0.0100% | 4h | $3K | $994 | 10x | as long as short |
| SunX MEGA-USDT | +0.021% | +0.0100% | 4h | $1K | $1.6M | 10x | as long as short |
| Reya MEGARUSDPERP | +0.022% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.031% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.169% | +0.1950% | 1h | $114 | $15 | 25x | as long as short |
| BloFin MEGA-USDT | +0.235% | +0.0118% | 4h | $225K | $73K | 50x | as long as short |
| Nado MEGA-PERP | +0.470% | +0.0112% | 1h | $190K | $108K | 2x | as long as short |
| Bulk MEGA-USD | +0.640% | +0.0100% | 1h | $140K | $569 | 10x | as long as short |
| Variational Omni MEGA | +1.111% | +0.0100% | 4h | $229K | $79K | — | as long as short |
| ApeX Omni MEGAUSDT | +1.302% | +0.0100% | 1h | $28K | $218K | 50x | as long as short |
| Phoenix MEGA | +1.430% | +0.0174% | 1h | $21K | $5K | 5x | as long as short |
| Coinbase International MEGA-PERP-INTXshort | +1.799% | +0.1256% | 1h | $8K | $6K | 50x |