Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.576%

Price spread now: GMX against Bitget+0.475%104s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$158 a day on $10k at the current rate, and GMX is 0.475% dearer against Bitget than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEGAUSDT	0.04657	0.0100	pay 0.0050% / 4h	1h 57m	$1.1M	$1.4M	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04679	L +0.0238% / S −0.5353%	get 0.0669% / 1h	57m 40s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.475%Rate

Funding earned: $1,103.09
Price spread: +0.475% → 0.000%: $47.46
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,126.55
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Bitget: live order book, 2 min ago; GMX: 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	8.55 bp	32.1 bp −$32	174.5 bp −$1,745	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 exchanges

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	−0.0328%	1h	0.04589	−1.449%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0290%	4h	0.04653	−0.086%	$3.6M	$5.5M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04671	+0.311%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0080%	4h	0.04688	+0.666%	$208K	$82K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04669	+0.258%	$3K	$2K	10x	as long as short
Hyperliquid MEGA	+0.0100%	1h	0.04673	+0.352%	$8.1M	$2.4M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04659	+0.039%	$21K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04669	+0.249%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04655	−0.034%	$4.1M	$13.0M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04653	−0.086%	$937K	$3.1M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04685	+0.592%	$138K	−$0	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04656	−0.021%	$208K	$322K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04656	−0.021%	$746K	$390K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04661	+0.086%	$251K	$112K	50x	as long as short
Bitget MEGAUSDTlong	+0.0100%	4h	0.04657	long leg	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04655	−0.043%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04673	+0.344%	$19K	$51K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04673	+0.352%	$339K	$229K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04677	+0.432%	$28K	$2.2M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04677	+0.429%	$24K	$225K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04673	+0.344%	$2K	$1.7M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04654	−0.065%	$131K	$794K	5x	as long as short
Nado MEGA-PERP	+0.0129%	1h	0.04674	+0.365%	$201K	$136K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04669	+0.265%	$3	—	3x	as long as short
Phoenix MEGA	+0.0170%	1h	0.04685	+0.601%	$21K	$6K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0238% / S −0.5353%	1h	0.04679	+0.475%	$3K	—	45x
Lighter MEGA	+0.0304%	1h	0.04690	+0.709%	$636K	$404K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0521%	1h	0.04675	+0.395%	$113	$15	25x	as long as short