Funding you earn now, next payment 08:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.008%
Price spread now: Orderly against Bybit+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04536 | −0.0043 | get 0.0021% / 4h | 2h 16m | $3.5M | $5.9M | 20x |
| Short | Orderly PERP_MEGA_USDC | 0.04537 | 0.0100 | get 0.0050% / 4h | 2h 16m | $3K | $2K | 10x |
Bybit MEGAUSDT
Orderly PERP_MEGA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $29.97
- Price spread: +0.022% → 0.000%
- $2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $15.18
- Costs to cover
- 0.170%
- Break-even
- 3.5 days
Slippage unknown: Bybit: live order book, 1 min ago; Orderly: 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, 1 min ago | 2.20 bp | 34.5 bp −$35 | 193.2 bp −$1,932 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0048% | 1h | 0.04589 | +1.179% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDTlong | −0.0043% | 4h | 0.04536 | long leg | $3.5M | $5.9M | 20x | |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04538 | +0.042% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0053% | 1h | 0.04537 | +0.011% | $195K | $142K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04538 | +0.042% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04541 | +0.112% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04540 | +0.088% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04538 | +0.044% | $919K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04490 | −1.014% | $133K | $111 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04537 | +0.022% | $204K | $333K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04540 | +0.088% | $811K | $400K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04534 | −0.044% | $229K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04538 | +0.044% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04539 | +0.066% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04509 | −0.591% | $318K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04536 | −0.006% | $21K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04533 | −0.066% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.0100% | 4h | 0.04537 | +0.022% | $3K | $2K | 10x | |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04539 | +0.066% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04536 | −0.005% | $128K | $431K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0123% | 4h | 0.04526 | −0.220% | $198K | $93K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0124% | 1h | 0.04537 | +0.022% | $18K | $57K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04538 | +0.039% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04526 | −0.220% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04538 | +0.037% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0352% | 1h | 0.04558 | +0.485% | $621K | $366K | 3x | as long as short |
| Hyperliquid MEGA | +0.0392% | 1h | 0.04547 | +0.245% | $7.9M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1094% | 1h | 0.04544 | +0.170% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL