Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against BloFin−0.285%55s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−2.302%−$230 · spread now −0.285%, 7d avg −0.092%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.193% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.092%). Swap the legs. The two prices were read 55 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 | BloFin MEGA-USDT | 0.04568 | 0.0153 | pay 0.0076% / 4h | 3h 10m | $202K | $94K | 50x |
| Short | Bitget MEGAUSDT | 0.04555 | 0.0100 | get 0.0050% / 4h | 3h 10m | $1.0M | $1.5M | 50x |
BloFin MEGA-USDT
Bitget MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.11
- Price spread: −0.285% → −0.092%
- −$19.29
- Slippage, 4 orders
- −$77.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$131.78
- Costs to cover
- 1.014%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Bitget: live order book, 1 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 BloFin live order book, 10 min ago | 8.74 bp | 21.8 bp −$22 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.58 bp | 23.8 bp −$24 | 101.4 bp −$1,014 | 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 | −0.0680% | 1h | 0.04589 | +0.471% | $5K | $12K | 50x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04571 | +0.066% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04553 | −0.331% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0079% | 4h | 0.04551 | −0.372% | $3.5M | $5.8M | 20x | as long as short |
| Nado MEGA-PERP | +0.0085% | 1h | 0.04555 | −0.274% | $197K | $143K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04555 | −0.282% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04557 | −0.243% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04555 | −0.280% | $4.0M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04550 | −0.394% | $929K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04571 | +0.068% | $135K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04555 | −0.285% | $202K | $327K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04556 | −0.263% | $798K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04555 | −0.285% | $232K | $119K | 50x | as long as short |
| Bitget MEGAUSDTshort | +0.0100% | 4h | 0.04555 | −0.285% | $1.0M | $1.5M | 50x | |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04552 | −0.350% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04557 | −0.237% | $322K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04570 | +0.048% | $25K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04568 | 0.000% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04554 | −0.306% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04555 | −0.285% | $2K | $1.9M | 10x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0101% | 1h | 0.04566 | −0.044% | $18K | $53K | 5x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04552 | −0.356% | $129K | $502K | 5x | as long as short |
| BloFin MEGA-USDTlong | +0.0153% | 4h | 0.04568 | long leg | $202K | $94K | 50x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04554 | −0.314% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04553 | −0.331% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0397% | 1h | 0.04563 | −0.101% | $7.9M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0952% | 1h | 0.04577 | +0.197% | $648K | $344K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0980% | 1h | 0.04559 | −0.193% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Backpack MEGA_USDC_PERP
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL