Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0123%/8hpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Bybit−0.028%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.028% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEGAUSDT	0.04506	0.0100	pay 0.0050% / 4h	6m 55s	$3.4M	$4.8M	20x
Short	gTrade (Gains Network) MEGA/USD	0.04505	L −0.0018% / S +0.0023%	pay 0.0003% / 1h	6m 55s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.028%Rate

Funding earned: −$25.77
Price spread: −0.028% → 0.000%: −$2.82
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$51.59
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): 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 Bybit live order book, 5 min ago	3.37 bp	46.1 bp −$46	315.0 bp −$3,150	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
gTrade (Gains Network) MEGA/USDshort	L −0.0018% / S +0.0023%	1h	0.04505	−0.028%	$12K	—	150x
Phoenix MEGA	0.0000%	1h	0.04502	−0.089%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0009%	1h	0.04502	−0.078%	$194K	$163K	2x	as long as short
BloFin MEGA-USDT	+0.0095%	4h	0.04499	−0.155%	$202K	$78K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0095%	4h	0.04503	−0.067%	$3K	$2K	10x	as long as short
Lighter MEGA	+0.0096%	1h	0.04529	+0.510%	$607K	$295K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04505	−0.013%	$22K	$81K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04504	−0.038%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04503	−0.067%	$4.1M	$13.1M	50x	as long as short
Bybit MEGAUSDTlong	+0.0100%	4h	0.04506	long leg	$3.4M	$4.8M	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04503	−0.067%	$926K	$3.0M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04503	−0.067%	$183K	$270K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04502	−0.089%	$797K	$359K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04506	0.000%	$233K	$115K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	+0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04504	−0.044%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04504	−0.044%	$14K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04457	−1.088%	$240K	$106K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04457	−1.077%	$25K	$1.6M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04500	−0.133%	$24K	$227K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04505	−0.022%	$2K	$2.0M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04440	−1.465%	$131K	$5K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04506	+0.004%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04504	−0.045%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04505	−0.022%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0305%	1h	0.04510	+0.093%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1112%	1h	0.04518	+0.273%	$7.7M	$2.5M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1424%	1h	0.04400	−2.346%	$5K	$12K	50x	as long as short