Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against Binance−0.092%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days+0.148%+$15 · spread now −0.092%, 7d avg −0.014%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.078% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04513	0.0100	pay 0.0050% / 4h	55m 21s	$3.9M	$12.9M	50x
Short	Bybit MEGAUSDT	0.04509	0.0100	get 0.0050% / 4h	55m 21s	$3.5M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.014%: −$7.76
Slippage, 4 orders: −$69.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$98.37
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 2 min ago.

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 Binance live order book, 15 min ago	1.12 bp	16.3 bp −$16	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.22 bp	32.0 bp −$32	138.4 bp −$1,384	doesn't fit	doesn't fit

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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04512	−0.020%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04512	−0.025%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04512	−0.016%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04513	−0.005%	$14K	$8K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04513	long leg	$3.9M	$12.9M	50x
Bybit MEGAUSDTshort	+0.0100%	4h	0.04509	−0.092%	$3.5M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04508	−0.114%	$917K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04500	−0.291%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04511	−0.047%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04513	−0.003%	$775K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04512	−0.025%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04515	+0.041%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04510	−0.069%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04507	−0.138%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	−0.051%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04508	−0.114%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04514	+0.019%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04513	−0.010%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0120%	4h	0.04512	−0.025%	$195K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0137%	1h	0.04513	+0.008%	$195K	$136K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04513	−0.005%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04509	−0.092%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04512	−0.034%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.504%	$5K	$12K	50x	as long as short
Hyperliquid MEGA	+0.0842%	1h	0.04523	+0.212%	$7.7M	$2.4M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0898%	1h	0.04517	+0.086%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1368%	1h	0.04520	+0.143%	$109	$15	25x	as long as short
Lighter MEGA	+0.1368%	1h	0.04534	+0.462%	$638K	$319K	3x	as long as short