MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0576%/8h= −63.1% APRnext payment −$0.72 per $10,000 · paid last 24h −0.042%

Price spread now: Pacifica against Backpack+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.031% dearer against Backpack than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MEGA_USDC_PERP	0.04567	0.0676	pay 0.0085% / 1h	8m 45s	$18K	$46K	5x
Short	Pacifica MEGA	0.04568	0.0100	get 0.0013% / 1h	8m 45s	$14K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee PacificabpOrdersPrice spread, now +0.031%Rate

Funding earned: −$121.02
Price spread: +0.031% → 0.000%: $3.07
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$135.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Pacifica: no order-book sample. 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 Pacifica no order-book sample	—	—	—	—	—

Backpack and Pacifica: 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

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	−0.0432%	1h	0.04490	−1.677%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04561	−0.131%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0064%	1h	0.04563	−0.077%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04564	−0.060%	$18K	$90K	5x	as long as short
Pacifica MEGAshort	+0.0100%	1h	0.04568	+0.031%	$14K	$9K	3x
Binance MEGAUSDT	+0.0100%	4h	0.04569	+0.044%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04565	−0.044%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04568	+0.022%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04579	+0.269%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04563	−0.088%	$202K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04568	+0.022%	$817K	$367K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04567	0.000%	$238K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04571	+0.088%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04567	0.000%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04572	+0.103%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04586	+0.416%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04582	+0.328%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04563	−0.088%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04565	−0.044%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04568	+0.019%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04562	−0.104%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04588	+0.460%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04561	−0.140%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERPlong	+0.0676%	1h	0.04567	long leg	$18K	$46K	5x
Lighter MEGA	+0.1272%	1h	0.04588	+0.460%	$648K	$330K	3x	as long as short
Hyperliquid MEGA	+0.1807%	1h	0.04576	+0.193%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2051%	1h	0.04573	+0.136%	$111	$15	25x	as long as short