Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.037%

Price spread now: gTrade (Gains Network) against BingX+0.044%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.044% dearer against BingX than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEGA-USDT	0.04552	0.0100	pay 0.0050% / 4h	1h 35m	—	$1.7M	—
Short	gTrade (Gains Network) MEGA/USD	0.04554	L +0.0001% / S +0.0023%	pay 0.0003% / 1h	35m 51s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.044%Rate

Funding earned: −$25.77
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$43.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 11 min ago	15.46 bp	37.1 bp −$37	99.0 bp −$990	927.2 bp −$92.7K	1346.8 bp −$673.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0800%	1h	0.04490	−1.353%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USDshort	L +0.0001% / S +0.0023%	1h	0.04554	+0.044%	$1K	—	150x
Nado MEGA-PERP	+0.0064%	1h	0.04544	−0.187%	$196K	$141K	2x	as long as short
BloFin MEGA-USDT	+0.0098%	4h	0.04531	−0.461%	$200K	$90K	50x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04561	+0.193%	$7.9M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04553	+0.017%	$18K	$89K	5x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04554	+0.044%	$4.0M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04551	−0.022%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04551	−0.022%	$936K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04530	−0.481%	$134K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04552	0.000%	$201K	$317K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04555	+0.066%	$807K	$365K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04555	+0.066%	$229K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04555	+0.066%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDTlong	+0.0100%	4h	0.04552	long leg	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04559	+0.154%	$18K	$46K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04552	+0.002%	$321K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04531	−0.454%	$30K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04533	−0.417%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04554	+0.044%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04556	+0.088%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04552	−0.006%	$128K	$825K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04546	−0.127%	$3	—	3x	as long as short
Phoenix MEGA	+0.0175%	1h	0.04536	−0.351%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04553	+0.026%	$3K	—	45x	as long as short
Pacifica MEGA	+0.0245%	1h	0.04547	−0.110%	$14K	$9K	3x	as long as short
Lighter MEGA	+0.0568%	1h	0.04578	+0.571%	$648K	$330K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2516%	1h	0.04568	+0.349%	$111	$15	25x	as long as short