Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1276%/8h= +139.7% APRpaid last 24h +0.143%

Price spread now: Coinbase International against Bitget−0.033%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Coinbase International is 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$38 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04591	0.0100	pay 0.0050% / 4h	44m 51s	$1.1M	$1.5M	50x
Short	Coinbase International MEGA-PERP-INTX	0.04589	0.1376	get 0.0172% / 1h	44m 51s	$5K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.033%Rate

Funding earned: $267.96
Price spread: −0.033% → 0.000%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $242.69
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: Bitget: live order book, 2 min ago; Coinbase International: 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 Bitget live order book, 2 min ago	8.72 bp	31.3 bp −$31	173.5 bp −$1,735	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04589	−0.050%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0076%	1h	0.04587	−0.076%	$197K	$141K	2x	as long as short
Lighter MEGA	+0.0096%	1h	0.04609	+0.392%	$615K	$383K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04591	−0.010%	$21K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04589	−0.035%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04592	+0.022%	$4.1M	$13.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04589	−0.044%	$3.5M	$5.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04590	−0.022%	$928K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04590	−0.022%	$136K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04590	−0.022%	$207K	$328K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04592	+0.022%	$775K	$406K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04591	0.000%	$229K	$121K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04591	long leg	$1.1M	$1.5M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04590	−0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04587	−0.085%	$323K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04592	+0.012%	$26K	$2.0M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04593	+0.044%	$24K	$227K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04590	−0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04587	−0.087%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04590	−0.016%	$128K	$724K	5x	as long as short
Hyperliquid MEGA	+0.0133%	1h	0.04599	+0.166%	$7.9M	$2.6M	3x	as long as short
BloFin MEGA-USDT	+0.0139%	4h	0.04591	0.000%	$203K	$95K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04590	−0.028%	$3	—	3x	as long as short
Phoenix MEGA	+0.0175%	1h	0.04595	+0.087%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04590	−0.022%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0632%	1h	0.04594	+0.065%	$18K	$55K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1122%	1h	0.04597	+0.131%	$111	$15	25x	as long as short
Coinbase International MEGA-PERP-INTXshort	+0.1376%	1h	0.04589	−0.033%	$5K	$12K	50x