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 0.000%

Price spread now: Variational Omni against Binance−0.345%7-day average −0.008% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.507%+$51 · spread now −0.345%, 7d avg −0.008%

Together, before fees+0.507%+ Points / potential airdropVariational Omni: Active · farm board+$51 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: Variational Omni is 0.337% cheaper against Binance than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04516	0.0100	pay 0.0050% / 4h	4m 59s	$3.9M	$12.9M	50x
Short	Variational Omni MEGA	0.04501	0.0100	get 0.0050% / 4h	4m 59s	$226K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → −0.008%: −$33.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$43.69
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Variational Omni: RFQ quote, 9 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 Binance live order book, 5 min ago	2.21 bp	13.8 bp −$14	87.6 bp −$876	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 9 min ago	4.43 bp	doesn't fit	141.9 bp −$1,419	doesn't fit	doesn't fit

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
Bybit MEGAUSDT	+0.0063%	4h	0.04514	−0.055%	$3.5M	$4.9M	20x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04512	−0.106%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04509	−0.161%	$14K	$9K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04516	long leg	$3.9M	$12.9M	50x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04512	−0.099%	$919K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04515	−0.035%	$133K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04508	−0.188%	$196K	$313K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04517	+0.012%	$769K	$355K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04515	−0.033%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04517	+0.012%	$1.1M	$1.4M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MEGA-USDT	+0.0100%	4h	0.04515	−0.033%	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	0.04501	−0.345%	$226K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04520	+0.077%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	−0.232%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	−0.232%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04508	−0.188%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04517	+0.003%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0108%	1h	0.04507	−0.199%	$195K	$135K	2x	as long as short
BloFin MEGA-USDT	+0.0110%	4h	0.04509	−0.166%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04507	−0.202%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04507	−0.201%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.577%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04506	−0.232%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0374%	1h	0.04514	−0.055%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0881%	1h	0.04519	+0.067%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0992%	1h	0.04516	−0.011%	$109	$15	25x	as long as short
Lighter MEGA	+0.1248%	1h	0.04533	+0.366%	$637K	$320K	3x	as long as short