Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.001%
Price spread now: Nado against Bybit−0.066%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1121.124% of the position
Funding, last 3 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.564%+$56 · spread now −0.066%, 7d avg +0.034%
=Together, before fees+0.553%+ Points / potential airdropNado: Active · farm board+$55 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 Nado is 0.099% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04567 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $3.6M | $5.5M | 20x |
| Short | Nado MEGA-PERP | 0.04564 | 0.0059 | get 0.0007% / 1h | 31m 02s | $197K | $141K | 2x |
Bybit MEGAUSDT
Nado MEGA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.61
- Price spread: −0.066% → +0.034%
- −$9.92
- Slippage, 4 orders
- −$94.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$130.94
- Costs to cover
- 1.124%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 31 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 Bybit live order book, 2 min ago | 2.19 bp | 35.6 bp −$36 | 160.3 bp −$1,603 | doesn't fit | doesn't fit |
| Sell Nado live order book, 31 min ago | 3.29 bp | 24.4 bp −$24 | 121.1 bp −$1,211 | 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 | −0.0800% | 1h | 0.04490 | −1.677% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04565 | −0.051% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0052% | 4h | 0.04562 | −0.109% | $202K | $91K | 50x | as long as short |
| Nado MEGA-PERPshort | +0.0059% | 1h | 0.04564 | −0.066% | $197K | $141K | 2x | |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04576 | +0.199% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04569 | +0.040% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04569 | +0.041% | $4.1M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04567 | long leg | $3.6M | $5.5M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04567 | 0.000% | $938K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04555 | −0.263% | $134K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04565 | −0.044% | $202K | $318K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04566 | −0.022% | $809K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04568 | +0.022% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04569 | +0.044% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04567 | 0.000% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04571 | +0.088% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04563 | −0.086% | $322K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04562 | −0.099% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04559 | −0.175% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04564 | −0.066% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04562 | −0.109% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04566 | −0.029% | $129K | $825K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04563 | −0.083% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04560 | −0.153% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04565 | −0.050% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04564 | −0.072% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0576% | 1h | 0.04590 | +0.504% | $649K | $333K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1502% | 1h | 0.04575 | +0.164% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL