Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against BingX−0.149%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.149% cheaper against BingX than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEGA-USDT	0.04492	0.0100	pay 0.0050% / 4h	2h 22m	—	$1.7M	—
Short	Reya MEGARUSDPERP	0.04485	0.0159	get 0.0020% / 1h	22m 40s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.149%Rate

Funding earned: $12.33
Price spread: −0.149% → 0.000%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$18.58
Costs to cover: 0.160%
Break-even: 17.6 days

Slippage unknown: BingX: live order book, 5 min ago; Reya: 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, 5 min ago	15.69 bp	35.9 bp −$36	94.7 bp −$947	810.1 bp −$81.0K	1281.4 bp −$640.7K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0288%	1h	0.04490	−0.036%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04482	−0.212%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04476	−0.356%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04481	−0.234%	$194K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0058%	4h	0.04485	−0.156%	$197K	$77K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04483	−0.200%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04489	−0.060%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04494	+0.053%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04494	+0.045%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04490	−0.045%	$3.5M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04490	−0.045%	$920K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04420	−1.603%	$130K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04490	−0.045%	$192K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04494	+0.045%	$778K	$354K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04488	−0.089%	$237K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04491	−0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDTlong	+0.0100%	4h	0.04492	long leg	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04493	+0.022%	$18K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04469	−0.504%	$237K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04464	−0.623%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04459	−0.735%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04486	−0.134%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04494	+0.043%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04485	−0.149%	$3	—	3x
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04482	−0.234%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1292%	1h	0.04505	+0.280%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1311%	1h	0.04490	−0.038%	$109	$15	25x	as long as short
Lighter MEGA	+0.2800%	1h	0.04512	+0.445%	$624K	$327K	3x	as long as short