MEGA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.111%

7d average—if it closes, per $10,000$11funding while held, a day+$48.24

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MEGA_USDC_PERP	0.04580	0.0437	pay 0.0055% / 1h	9m 54s	$16K	$29K	5x
Short	Deribit MEGA_USDC-PERPETUAL	0.04585	0.2045	get 0.0256% / 1h	9m 54s	$111	$15	25x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BackpackbpFee DeribitbpOrdersClose when spread is

Spread captured: $11.14
Funding while held: $48.24
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $42.38
Spread needed to break even: 0.170%

Slippage unknown: Backpack: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.1608%
Per $10,000 a day: +$48.24
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 Deribit no order-book sample	—	—	—	—	—

Backpack and Deribit: 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 27 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MEGA	−0.742%	+0.0100%	4h	$182K	$17K	—	as long as short
ApeX Omni MEGAUSDT	−0.590%	+0.0100%	1h	$28K	$215K	50x	as long as short
Phoenix MEGA	−0.437%	+0.0360%	1h	$21K	$5K	5x	as long as short
BloFin MEGA-USDT	−0.349%	+0.0117%	4h	$213K	$59K	50x	as long as short
Bybit MEGAUSDT	−0.131%	−0.0226%	4h	$3.2M	$3.1M	20x	as long as short
Gate MEGA_USDT	−0.131%	+0.0100%	4h	$212K	$155K	20x	as long as short
KuCoin MEGAUSDTM	−0.131%	+0.0100%	4h	$220K	$64K	50x	as long as short
Orderly PERP_MEGA_USDC	−0.131%	+0.0100%	4h	$3K	$53	10x	as long as short
Extended MEGA-USD	−0.116%	+0.0104%	1h	$135K	$600K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	−0.116%	L +0.0239% / S −0.5353%	1h	$3K	—	45x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) MEGA/USD	−0.116%	L −0.0022% / S +0.0023%	1h	$15K	—	150x	as long as short
MEXC MEGA_USDT	−0.109%	+0.0100%	4h	$637K	$268K	50x	as long as short
OKX MEGA-USDT-SWAP	−0.087%	+0.0100%	4h	$909K	$1.8M	20x	as long as short
BingX MEGA-USDT	−0.087%	+0.0100%	4h	—	$1.7M	—	as long as short
Pacifica MEGA	−0.081%	+0.0100%	1h	$15K	$6K	3x	as long as short
Aster MEGAUSDT	−0.056%	+0.0100%	4h	$36K	$44K	5x	as long as short
Bitget MEGAUSDT	−0.044%	+0.0100%	4h	$1.1M	$854K	50x	as long as short
SunX MEGA-USDT	−0.044%	+0.0100%	4h	$2K	$1.3M	10x	as long as short
Reya MEGARUSDPERP	−0.027%	+0.0159%	1h	$3	—	3x	as long as short
Binance MEGAUSDT	−0.018%	+0.0100%	4h	$4.3M	$7.4M	50x	as long as short
Nado MEGA-PERP	0.000%	+0.0099%	1h	$183K	$72K	2x	as long as short
Backpack MEGA_USDC_PERPlong	0.000%	+0.0437%	1h	$16K	$29K	5x
Deribit MEGA_USDC-PERPETUALshort	+0.111%	+0.2045%	1h	$111	$15	25x
Hyperliquid MEGA	+0.194%	+0.0364%	1h	$6.9M	$1.4M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.234%	+0.1224%	1h	$8K	$4K	50x	as long as short
Bulk MEGA-USD	+0.328%	+0.0100%	1h	$136K	$569	10x	as long as short
Lighter MEGA	+0.371%	+0.2080%	1h	$589K	$159K	3x	as long as short