MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against BloFin−0.201%93s7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as 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−$1121.123% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−2.406%−$241 · spread now −0.201%, 7d avg −0.153%

Together, before fees−2.369%−$237 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.153%). Swap the legs. The two prices were read 93 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	0.04478	0.0143	pay 0.0072% / 4h	1h 17m	$195K	$76K	50x
Short	OKX MEGA-USDT-SWAP	0.04469	0.0100	get 0.0050% / 4h	1h 17m	$910K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$9.13
Price spread: −0.201% → −0.153%: −$4.77
Slippage, 4 orders: −$90.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$126.25
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from BloFin: live order book, 57 min ago; OKX: live order book, 4 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, 57 min ago	3.35 bp	24.2 bp −$24	70.8 bp −$708	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.12 bp	35.1 bp −$35	166.1 bp −$1,661	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	−0.0144%	1h	0.04490	+0.277%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04472	−0.130%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04474	−0.089%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04473	−0.112%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04471	−0.153%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04471	−0.156%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04471	−0.167%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04467	−0.246%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAPshort	+0.0100%	4h	0.04469	−0.201%	$910K	$2.9M	20x
Bulk MEGA-USD	+0.0100%	1h	0.04470	−0.179%	$132K	$5K	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	0.04468	−0.223%	$191K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04470	−0.179%	$758K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04473	−0.112%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04471	−0.156%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04469	−0.201%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04470	−0.169%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04481	+0.067%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04476	−0.045%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04474	−0.089%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04470	−0.187%	$127K	$613K	5x	as long as short
BloFin MEGA-USDTlong	+0.0143%	4h	0.04478	long leg	$195K	$76K	50x
Reya MEGARUSDPERP	+0.0159%	1h	0.04474	−0.091%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04467	−0.246%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04472	−0.132%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0445%	1h	0.04477	−0.022%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1300%	1h	0.04478	−0.004%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1561%	1h	0.04481	+0.074%	$108	$15	25x	as long as short
Lighter MEGA	+0.2720%	1h	0.04491	+0.290%	$631K	$323K	3x	as long as short