Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.1416%/8h= +155.1% APRpaid last 24h +0.359%
Price spread now: Deribit against Binance+0.052%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Deribit is 0.052% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MEGAUSDT0.045910.0100pay 0.0050% / 4h3h 57m$4.1M$13.7M50x
ShortDeribit MEGA_USDC-PERPETUAL0.045930.1516get 0.0190% / 1h57m 53s$111$1525x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$297.46
Price spread: +0.052% → 0.000%
$5.16
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$285.62
Costs to cover
0.170%
Break-even
0.3 days
Slippage unknown: Binance: live order book, 13 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago3.25 bp30.4 bp −$30123.5 bp −$1,235doesn't fitdoesn't fit
Sell Deribit no order-book sample
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 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0680%1h0.04589−0.036%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04582−0.202%$1K150xas long as short
BloFin MEGA-USDT+0.0071%4h0.04589−0.046%$204K$95K50xas long as short
Nado MEGA-PERP+0.0081%1h0.04580−0.253%$198K$144K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04587−0.096%$19K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04585−0.125%$14K$9K3xas long as short
Binance MEGAUSDTlong+0.0100%4h0.04591long leg$4.1M$13.7M50x
Bybit MEGAUSDT+0.0100%4h0.04587−0.090%$3.5M$5.7M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04590−0.025%$936K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04590−0.025%$136K$11110xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04588−0.068%$205K$325K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04587−0.090%$805K$374K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04585−0.134%$234K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04590−0.025%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04590−0.025%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04594+0.062%$18K$53K5xas long as short
Variational Omni MEGA+0.0100%4h0.04585−0.129%$324K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04581−0.216%$19K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04575−0.351%$24K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04584−0.155%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04581−0.221%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04587−0.096%$129K$821K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04581−0.226%$33xas long as short
Phoenix MEGA+0.0176%1h0.04590−0.025%$21K$6K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04581−0.218%$3K45xas long as short
Hyperliquid MEGA+0.0365%1h0.04597+0.126%$7.9M$2.6M3xas long as short
Lighter MEGA+0.0672%1h0.04611+0.433%$652K$341K3xas long as short
Deribit MEGA_USDC-PERPETUALshort+0.1516%1h0.04593+0.052%$111$1525x