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 BingX+0.045%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1471.465% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.045%, 7d avg +0.011%

Together, before fees−0.192%−$19 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 0.034% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEGA-USDT	0.04462	0.0100	pay 0.0050% / 4h	1h 53m	—	$1.7M	—
Short	Bybit MEGAUSDT	0.04464	0.0100	get 0.0050% / 4h	1h 53m	$3.4M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.011%: $3.41
Slippage, 4 orders: −$125.53
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.12
Costs to cover: 1.465%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 4 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 BingX live order book, 8 min ago	15.64 bp	39.6 bp −$40	100.4 bp −$1,004	828.4 bp −$82.8K	1342.5 bp −$671.2K
Sell Bybit live order book, 4 min ago	1.12 bp	40.2 bp −$40	149.7 bp −$1,497	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
Coinbase International MEGA-PERP-INTX	−0.0144%	1h	0.04490	+0.636%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04467	+0.118%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04474	+0.269%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0058%	1h	0.04470	+0.190%	$193K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04467	+0.112%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04470	+0.174%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04467	+0.117%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04466	+0.083%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDTshort	+0.0100%	4h	0.04464	+0.045%	$3.4M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04463	+0.022%	$914K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04471	+0.209%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04464	+0.045%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04465	+0.067%	$763K	$345K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04467	+0.112%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04465	+0.067%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDTlong	+0.0100%	4h	0.04462	long leg	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04473	+0.249%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04471	+0.200%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04467	+0.112%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04470	+0.179%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04464	+0.040%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0129%	4h	0.04472	+0.224%	$197K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04468	+0.139%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04467	+0.112%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0824%	1h	0.04472	+0.224%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1138%	1h	0.04474	+0.273%	$108	$15	25x	as long as short
Lighter MEGA	+0.1360%	1h	0.04486	+0.538%	$620K	$311K	3x	as long as short
Hyperliquid MEGA	+0.1417%	1h	0.04477	+0.327%	$7.6M	$2.3M	3x	as long as short