Spread before costs (cost unknown: a leg has no order-book sample)−0.199%
7d average—if it closes, per $10,000$20funding while held, a day+$157.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEGAUSDT | 0.04423 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $4.1M | $12.4M | 50x |
| Short | GMX MEGA/USD [ETH-USDC] | 0.04414 | L +0.0236% / S −0.5353% | get 0.0669% / 1h | 35m 48s | $3K | — | 45x |
Binance MEGAUSDT
GMX MEGA/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$19.89
- Funding while held
- $157.58
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $115.69
- Spread needed to break even
- 0.220%
Slippage unknown: Binance: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.5253%
- Per $10,000 a day
- +$157.58
- 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 Binance live order book, 6 min ago | 2.28 bp | 22.8 bp −$23 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.04389cheapestApeX Omni0.04399+0.222%Phoenix0.04400+0.245%gTrade (Gains Network)0.04414+0.563%
Variational Omni
ApeX Omni
Phoenix
gTrade (Gains Network)GMX0.04414+0.569%
Reya0.04415+0.581%Gate0.04416+0.610%SunX0.04416+0.610%Orderly0.04418+0.655%Bybit0.04419+0.678%Bulk0.04420+0.701%KuCoin0.04420+0.701%Nado0.04420+0.712%MEXC0.04421+0.724%OKX0.04422+0.746%Bitget0.04422+0.746%BingX0.04422+0.746%Extended0.04423+0.768%
Reya
Gate
SunX
Orderly
Bybit
Bulk
KuCoin
Nado
MEXC
OKX
Bitget
BingX
ExtendedBinance0.04423+0.769%
Pacifica0.04424+0.792%Aster0.04425+0.808%Backpack0.04425+0.815%Deribit0.04430+0.922%Hyperliquid0.04434+1.015%Lighter0.04442+1.202%BloFin0.04443+1.225%Coinbase International0.04463+1.685%
Pacifica
Aster
Backpack
Deribit
Hyperliquid
Lighter
BloFin
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MEGA | −0.763% | +0.0100% | 4h | $232K | $102K | — | as long as short |
| ApeX Omni MEGAUSDT | −0.543% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Phoenix MEGA | −0.520% | 0.0000% | 1h | $20K | $6K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.205% | L −0.0018% / S +0.0023% | 1h | $16K | — | 150x | as long as short |
| GMX MEGA/USD [ETH-USDC]short | −0.199% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | |
| Reya MEGARUSDPERP | −0.186% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Gate MEGA_USDT | −0.158% | +0.0100% | 4h | $197K | $252K | 20x | as long as short |
| SunX MEGA-USDT | −0.158% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | −0.113% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| Bybit MEGAUSDT | −0.090% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | −0.068% | +0.0100% | 1h | $131K | $569 | 10x | as long as short |
| KuCoin MEGAUSDTM | −0.068% | +0.0100% | 4h | $231K | $114K | 50x | as long as short |
| Nado MEGA-PERP | −0.057% | +0.0044% | 1h | $191K | $155K | 2x | as long as short |
| MEXC MEGA_USDT | −0.045% | +0.0100% | 4h | $764K | $356K | 50x | as long as short |
| OKX MEGA-USDT-SWAP | −0.023% | +0.0100% | 4h | $909K | $2.9M | 20x | as long as short |
| Bitget MEGAUSDT | −0.023% | +0.0100% | 4h | $1.0M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | −0.023% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Extended MEGA-USD | −0.001% | +0.0104% | 1h | $133K | $605K | 5x | as long as short |
| Binance MEGAUSDTlong | 0.000% | +0.0100% | 4h | $4.1M | $12.4M | 50x | |
| Pacifica MEGA | +0.023% | +0.0100% | 1h | $14K | $10K | 3x | as long as short |
| Aster MEGAUSDT | +0.039% | +0.0100% | 4h | $33K | $66K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.045% | +0.0100% | 1h | $17K | $38K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.152% | +0.2444% | 1h | $107 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.244% | +0.1377% | 1h | $7.4M | $2.5M | 3x | as long as short |
| Lighter MEGA | +0.430% | +0.0112% | 1h | $603K | $275K | 3x | as long as short |
| BloFin MEGA-USDT | +0.452% | +0.0048% | 4h | $208K | $75K | 50x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.909% | +0.1192% | 1h | $6K | $7K | 50x | as long as short |