Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h −0.161%

Price spread now: BloFin against Coinbase International−0.207%58s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. BloFin is 0.207% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 20 hours of funding at the current rate (+$25 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MEGA-PERP-INTX	0.04589	−0.0744	get 0.0093% / 1h	43m 29s	$5K	$13K	50x
Short	BloFin MEGA-USDT	0.04580	0.0079	get 0.0040% / 4h	43m 29s	$203K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.207%Rate

Funding earned: $172.84
Price spread: −0.207% → 0.000%: −$20.7
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $130.14
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 54 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BloFin live order book, 54 min ago	2.20 bp	27.6 bp −$28	81.1 bp −$811	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	−0.0744%	1h	0.04589	long leg	$5K	$13K	50x
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04611	+0.464%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0051%	1h	0.04609	+0.436%	$200K	$142K	2x	as long as short
BloFin MEGA-USDTshort	+0.0079%	4h	0.04580	−0.207%	$203K	$95K	50x
Hyperliquid MEGA	+0.0100%	1h	0.04617	+0.604%	$8.0M	$2.6M	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04609	+0.418%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04611	+0.462%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04610	+0.450%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04609	+0.425%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04607	+0.381%	$942K	$3.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04608	+0.403%	$200K	$320K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04611	+0.468%	$815K	$373K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04610	+0.447%	$235K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04611	+0.468%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04607	+0.381%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04581	−0.182%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04583	−0.131%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04588	−0.033%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04596	+0.142%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04594	+0.098%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04580	−0.207%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04608	+0.410%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04609	+0.419%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04584	−0.120%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04597	+0.157%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0536%	1h	0.04603	+0.294%	$18K	$49K	5x	as long as short
Lighter MEGA	+0.0616%	1h	0.04631	+0.904%	$655K	$337K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0925%	1h	0.04603	+0.290%	$111	$15	25x	as long as short