Spread before costs (cost unknown: a leg has no order-book sample)+0.375%
7d average—if it closes, per $10,000$38funding while held, a day−$44.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MEGA-PERP-INTX | 0.04611 | 0.1224 | pay 0.0153% / 1h | 8m 20s | $8K | $5K | 50x |
| Short | Bybit MEGAUSDT | 0.04628 | −0.0248 | pay 0.0124% / 4h | 1h 08m | $3.3M | $3.1M | 20x |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDTPrice 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
- $37.52
- Funding while held
- −$44.15
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.63
- Spread needed to break even
- 0.210%
Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1472%
- Per $10,000 a day
- −$44.15
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 3.28 bp | 47.0 bp −$47 | 147.6 bp −$1,476 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.04546cheapestPhoenix0.04560+0.307%ApeX Omni0.04569+0.505%BloFin0.04578+0.703%Bulk0.04595+1.077%Backpack0.04600+1.187%Pacifica0.04607+1.348%Aster0.04609+1.384%
Variational Omni
Phoenix
ApeX Omni
BloFin
Bulk
Backpack
Pacifica
AsterCoinbase International0.04611+1.423%
OKX0.04623+1.693%KuCoin0.04624+1.715%Gate0.04626+1.759%
OKX
KuCoin
GateBybit0.04628+1.803%
MEXC0.04628+1.803%BingX0.04628+1.803%GMX0.04629+1.816%Reya0.04629+1.817%gTrade (Gains Network)0.04630+1.839%Orderly0.04630+1.847%Lighter0.04631+1.869%Bitget0.04631+1.869%Nado0.04631+1.880%Extended0.04632+1.883%Binance0.04632+1.891%SunX0.04634+1.935%Hyperliquid0.04639+2.043%Deribit0.04644+2.151%
MEXC
BingX
GMX
Reya
gTrade (Gains Network)
Orderly
Lighter
Bitget
Nado
Extended
Binance
SunX
Hyperliquid
DeribitMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MEGA | −1.403% | +0.0100% | 4h | $182K | $17K | — | as long as short |
| Phoenix MEGA | −1.100% | +0.0360% | 1h | $21K | $5K | 5x | as long as short |
| ApeX Omni MEGAUSDT | −0.904% | +0.0100% | 1h | $28K | $215K | 50x | as long as short |
| BloFin MEGA-USDT | −0.709% | +0.0145% | 4h | $214K | $59K | 50x | as long as short |
| Bulk MEGA-USD | −0.341% | +0.0100% | 1h | $136K | $569 | 10x | as long as short |
| Backpack MEGA_USDC_PERP | −0.232% | +0.0446% | 1h | $16K | $29K | 5x | as long as short |
| Pacifica MEGA | −0.074% | +0.0100% | 1h | $15K | $6K | 3x | as long as short |
| Aster MEGAUSDT | −0.038% | +0.0100% | 4h | $36K | $44K | 5x | as long as short |
| Coinbase International MEGA-PERP-INTXlong | 0.000% | +0.1224% | 1h | $8K | $5K | 50x | |
| OKX MEGA-USDT-SWAP | +0.267% | +0.0100% | 4h | $919K | $1.8M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.288% | +0.0100% | 4h | $222K | $65K | 50x | as long as short |
| Gate MEGA_USDT | +0.332% | +0.0100% | 4h | $204K | $156K | 20x | as long as short |
| Bybit MEGAUSDTshort | +0.375% | −0.0248% | 4h | $3.3M | $3.1M | 20x | |
| MEXC MEGA_USDT | +0.375% | +0.0100% | 4h | $651K | $269K | 50x | as long as short |
| BingX MEGA-USDT | +0.375% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| GMX MEGA/USD [ETH-USDC] | +0.388% | L +0.0239% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Reya MEGARUSDPERP | +0.388% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.410% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Orderly PERP_MEGA_USDC | +0.419% | +0.0100% | 4h | $3K | $53 | 10x | as long as short |
| Lighter MEGA | +0.440% | +0.2200% | 1h | $593K | $159K | 3x | as long as short |
| Bitget MEGAUSDT | +0.440% | +0.0100% | 4h | $1.1M | $859K | 50x | as long as short |
| Nado MEGA-PERP | +0.451% | +0.0094% | 1h | $184K | $74K | 2x | as long as short |
| Extended MEGA-USD | +0.454% | +0.0104% | 1h | $136K | $600K | 5x | as long as short |
| Binance MEGAUSDT | +0.462% | +0.0100% | 4h | $4.4M | $7.4M | 50x | as long as short |
| SunX MEGA-USDT | +0.505% | +0.0100% | 4h | $2K | $1.3M | 10x | as long as short |
| Hyperliquid MEGA | +0.612% | +0.0395% | 1h | $6.9M | $1.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.718% | +0.2687% | 1h | $112 | $15 | 25x | as long as short |