Spread before costs (cost unknown: a leg has no order-book sample)+0.108%
7d average—if it closes, per $10,000$11funding while held, a day+$17.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04628 | −0.0238 | get 0.0119% / 4h | 1h 06m | $3.2M | $3.1M | 20x |
| Short | Phoenix MEGA | 0.04633 | 0.0360 | get 0.0045% / 1h | 6m 42s | $21K | $5K | 5x |
Bybit MEGAUSDT
Phoenix MEGAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $10.8
- Funding while held
- $17.95
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $10.76
- Spread needed to break even
- 0.180%
Slippage unknown: Bybit: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0598%
- Per $10,000 a day
- +$17.95
- Average in range /8h
- —
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 | 5.41 bp | 47.2 bp −$47 | 265.3 bp −$2,653 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.04546cheapestApeX Omni0.04569+0.505%Bulk0.04595+1.077%Nado0.04626+1.759%Reya0.04627+1.773%Orderly0.04627+1.781%gTrade (Gains Network)0.04628+1.795%GMX0.04628+1.799%
Variational Omni
ApeX Omni
Bulk
Nado
Reya
Orderly
gTrade (Gains Network)
GMXBybit0.04628+1.803%
SunX0.04630+1.847%Backpack0.04631+1.869%BloFin0.04631+1.869%
SunX
Backpack
BloFinPhoenix0.04633+1.913%
Pacifica0.04636+1.986%Deribit0.04639+2.043%Binance0.04640+2.061%Extended0.04640+2.069%KuCoin0.04641+2.089%Aster0.04642+2.102%MEXC0.04642+2.111%BingX0.04646+2.199%OKX0.04648+2.243%Gate0.04648+2.243%Bitget0.04650+2.287%Hyperliquid0.04655+2.393%Coinbase International0.04656+2.419%Lighter0.04667+2.661%
Pacifica
Deribit
Binance
Extended
KuCoin
Aster
MEXC
BingX
OKX
Gate
Bitget
Hyperliquid
Coinbase International
LighterMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MEGA | −1.771% | +0.0100% | 4h | $182K | $17K | — | as long as short |
| ApeX Omni MEGAUSDT | −1.275% | +0.0100% | 1h | $28K | $215K | 50x | as long as short |
| Bulk MEGA-USD | −0.713% | +0.0100% | 1h | $136K | $569 | 10x | as long as short |
| Nado MEGA-PERP | −0.043% | +0.0094% | 1h | $183K | $74K | 2x | as long as short |
| Reya MEGARUSDPERP | −0.030% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Orderly PERP_MEGA_USDC | −0.022% | +0.0100% | 4h | $3K | $53 | 10x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.008% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.004% | L +0.0239% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Bybit MEGAUSDTlong | 0.000% | −0.0238% | 4h | $3.2M | $3.1M | 20x | |
| SunX MEGA-USDT | +0.043% | +0.0100% | 4h | $2K | $1.3M | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack MEGA_USDC_PERP | +0.065% | +0.0458% | 1h | $16K | $29K | 5x | as long as short |
| BloFin MEGA-USDT | +0.065% | +0.0094% | 4h | $215K | $60K | 50x | as long as short |
| Phoenix MEGAshort | +0.108% | +0.0360% | 1h | $21K | $5K | 5x | |
| Pacifica MEGA | +0.179% | +0.0100% | 1h | $15K | $6K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.236% | +0.2062% | 1h | $112 | $15 | 25x | as long as short |
| Binance MEGAUSDT | +0.253% | +0.0100% | 4h | $4.4M | $7.5M | 50x | as long as short |
| Extended MEGA-USD | +0.261% | +0.0104% | 1h | $137K | $600K | 5x | as long as short |
| KuCoin MEGAUSDTM | +0.281% | +0.0100% | 4h | $224K | $65K | 50x | as long as short |
| Aster MEGAUSDT | +0.293% | +0.0100% | 4h | $36K | $44K | 5x | as long as short |
| MEXC MEGA_USDT | +0.303% | +0.0100% | 4h | $669K | $271K | 50x | as long as short |
| BingX MEGA-USDT | +0.389% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| OKX MEGA-USDT-SWAP | +0.432% | +0.0100% | 4h | $916K | $1.8M | 20x | as long as short |
| Gate MEGA_USDT | +0.432% | +0.0100% | 4h | $206K | $161K | 20x | as long as short |
| Bitget MEGAUSDT | +0.475% | +0.0100% | 4h | $1.1M | $865K | 50x | as long as short |
| Hyperliquid MEGA | +0.579% | +0.0401% | 1h | $6.9M | $1.4M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.605% | +0.1224% | 1h | $8K | $5K | 50x | as long as short |
| Lighter MEGA | +0.843% | +0.2312% | 1h | $598K | $159K | 3x | as long as short |