Funding you earn now, next payment 11:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.065%
Price spread now: Nado against Backpack+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.021% dearer against Backpack than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MEGA_USDC_PERP | 0.04673 | 0.0100 | pay 0.0013% / 1h | 58m 09s | $19K | $51K | 5x |
| Short | Nado MEGA-PERP | 0.04674 | 0.0129 | get 0.0016% / 1h | 58m 09s | $201K | $136K | 2x |
Backpack MEGA_USDC_PERP
Nado MEGA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $6.03
- Price spread: +0.021% → 0.000%
- $2.14
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$8.83
- Costs to cover
- 0.170%
- Break-even
- 17.3 days
Slippage unknown: Backpack: no order-book sample; Nado: live order book, 52 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 Nado live order book, 52 min ago | 4.28 bp | 21.9 bp −$22 | 126.6 bp −$1,266 | 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 exchanges
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 | −0.0328% | 1h | 0.04589 | −1.787% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0290% | 4h | 0.04669 | −0.086% | $3.6M | $5.5M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04671 | −0.032% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0080% | 4h | 0.04688 | +0.321% | $208K | $82K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04669 | −0.086% | $3K | $2K | 10x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04678 | +0.105% | $8.1M | $2.4M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04674 | +0.014% | $21K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04677 | +0.079% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04672 | −0.021% | $4.1M | $12.9M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04667 | −0.128% | $938K | $3.1M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Orderly PERP_MEGA_USDC
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04685 | +0.248% | $138K | −$0 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04673 | 0.000% | $208K | $321K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04673 | 0.000% | $750K | $389K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04668 | −0.107% | $251K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04674 | +0.021% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04669 | −0.086% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERPlong | +0.0100% | 1h | 0.04673 | long leg | $19K | $51K | 5x | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04673 | +0.009% | $339K | $229K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04685 | +0.257% | $22K | $2.2M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04681 | +0.171% | $24K | $225K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04673 | 0.000% | $2K | $1.7M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04668 | −0.097% | $132K | $794K | 5x | as long as short |
| Nado MEGA-PERPshort | +0.0129% | 1h | 0.04674 | +0.021% | $201K | $136K | 2x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04669 | −0.078% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0170% | 1h | 0.04685 | +0.257% | $21K | $6K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04679 | +0.131% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0304% | 1h | 0.04695 | +0.471% | $637K | $404K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0521% | 1h | 0.04675 | +0.051% | $113 | $15 | 25x | as long as short |
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
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL