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: SunX against Bulk+0.333%7-day average +0.028% · you sell dearer than you buy

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

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+2.015%+$202 · spread now +0.333%, 7d avg +0.028%

Together, before fees+2.015%+$202 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: SunX is 0.306% dearer against Bulk than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MEGA-USD	0.04500	0.0100	pay 0.0013% / 1h	51m 08s	$133K	$5K	10x
Short	SunX MEGA-USDT	0.04515	0.0100	get 0.0050% / 4h	51m 08s	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.333%Rate

Funding earned: $0
Price spread: +0.333% → +0.028%: $30.56
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $15.56
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bulk: live order book, 28 min ago; SunX: live order book, 5 min ago. 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 Bulk live order book, 28 min ago	11.17 bp	14.7 bp −$15	48.7 bp −$487	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	501.94 bp	doesn't fit	doesn't fit	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04510	+0.226%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04510	+0.222%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04510	+0.230%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04512	+0.273%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04512	+0.267%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04506	+0.133%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	+0.200%	$918K	$2.9M	20x	as long as short
Bulk MEGA-USDlong	+0.0100%	1h	0.04500	long leg	$133K	$5K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04508	+0.178%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04511	+0.244%	$774K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04514	+0.311%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04512	+0.267%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04509	+0.200%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04507	+0.153%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04512	+0.267%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	+0.133%	$25K	$230K	50x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04515	+0.333%	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04511	+0.247%	$128K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0112%	1h	0.04513	+0.300%	$195K	$136K	2x	as long as short
BloFin MEGA-USDT	+0.0146%	4h	0.04505	+0.111%	$195K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04513	+0.287%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04510	+0.229%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.213%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04513	+0.289%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0809%	1h	0.04515	+0.333%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0813%	1h	0.04520	+0.438%	$7.7M	$2.3M	3x	as long as short
Lighter MEGA	+0.1456%	1h	0.04532	+0.711%	$637K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1635%	1h	0.04519	+0.418%	$109	$15	25x	as long as short