Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.020%

Price spread now: Reya against BloFin+0.188%46s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 0.188% dearer against BloFin than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	0.04476	0.0153	pay 0.0077% / 4h	1h 14m	$195K	$76K	50x
Short	Reya MEGARUSDPERP	0.04484	0.0159	get 0.0020% / 1h	14m 10s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.188%Rate

Funding earned: $1.12
Price spread: +0.188% → 0.000%: $18.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.88
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: BloFin: live order book, 61 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 BloFin live order book, 61 min ago	3.35 bp	24.2 bp −$24	70.8 bp −$708	doesn't fit	doesn't fit
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	−0.0144%	1h	0.04490	+0.322%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04480	+0.092%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04484	+0.190%	$194K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04481	+0.112%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04482	+0.124%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04484	+0.183%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04484	+0.179%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04479	+0.067%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04483	+0.156%	$912K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04470	−0.134%	$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	0.04481	+0.112%	$192K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04482	+0.134%	$760K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04485	+0.201%	$236K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04482	+0.134%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04482	+0.134%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04468	−0.169%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04470	−0.140%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04469	−0.156%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04484	+0.179%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04484	+0.169%	$127K	$613K	5x	as long as short
BloFin MEGA-USDTlong	+0.0153%	4h	0.04476	long leg	$195K	$76K	50x
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04484	+0.188%	$3	—	3x
Phoenix MEGA	+0.0179%	1h	0.04479	+0.067%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04480	+0.092%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0446%	1h	0.04486	+0.223%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1264%	1h	0.04490	+0.319%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1691%	1h	0.04491	+0.331%	$109	$15	25x	as long as short
Lighter MEGA	+0.2600%	1h	0.04503	+0.603%	$633K	$323K	3x	as long as short