Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Bulk+0.025%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on Bulk Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.025%, 7d avg −0.070%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.094% dearer against Bulk than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MEGA-USD	0.04515	0.0100	pay 0.0013% / 1h	3m 35s	$133K	$4K	10x
Short	BingX MEGA-USDT	0.04516	0.0100	get 0.0050% / 4h	3m 35s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bulk. 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 BulkbpFee BingXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.070%: $9.45
Slippage, 4 orders: −$71.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$78.76
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Bulk: live order book, 10 min ago; BingX: live order book, 3 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 Bulk live order book, 10 min ago	11.07 bp	14.6 bp −$15	32.0 bp −$320	266.5 bp −$26.6K	doesn't fit
Sell BingX live order book, 3 min ago	16.64 bp	28.9 bp −$29	94.8 bp −$948	626.0 bp −$62.6K	1134.8 bp −$567.4K

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 −0.0018% / S +0.0023%	1h	0.04517	+0.049%	$12K	—	150x	as long as short
Bybit MEGAUSDT	+0.0067%	4h	0.04514	−0.020%	$3.5M	$4.9M	20x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04517	+0.047%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04519	+0.093%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04520	+0.106%	$3.9M	$12.9M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04513	−0.042%	$919K	$2.9M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	0.04515	long leg	$133K	$4K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04513	−0.042%	$196K	$313K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04518	+0.069%	$769K	$355K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04518	+0.069%	$238K	$114K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MEGAUSDT	+0.0100%	4h	0.04518	+0.069%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04516	+0.025%	—	$1.7M	—
Variational Omni MEGA	+0.0100%	4h	0.04501	−0.310%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04520	+0.112%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	−0.197%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04516	+0.025%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04518	+0.069%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04518	+0.073%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0107%	1h	0.04519	+0.080%	$195K	$135K	2x	as long as short
BloFin MEGA-USDT	+0.0110%	4h	0.04509	−0.130%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04517	+0.044%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04517	+0.047%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.542%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04506	−0.197%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0377%	1h	0.04521	+0.135%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0875%	1h	0.04526	+0.251%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1078%	1h	0.04524	+0.206%	$109	$15	25x	as long as short
Lighter MEGA	+0.1240%	1h	0.04540	+0.556%	$638K	$320K	3x	as long as short