Spread before costs (cost unknown: a leg has no order-book sample)−1.698%
7d average—if it closes, per $10,000$170funding while held, a day−$31.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MEGA-PERP-INTX | 0.04581 | 0.1224 | pay 0.0153% / 1h | 31m 53s | $7K | $6K | 50x |
| Short | Phoenix MEGA | 0.04503 | 0.0177 | get 0.0022% / 1h | 31m 53s | $20K | $6K | 5x |
Coinbase International MEGA-PERP-INTX
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
- −$169.84
- Funding while held
- −$31.41
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$218.25
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1047%
- Per $10,000 a day
- −$31.41
- 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 Phoenix no order-book sample | — | — | — | — | — |
Coinbase International and 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 Omni0.04500cheapestOKX0.04501+0.015%KuCoin0.04501+0.015%Extended0.04501+0.020%MEXC0.04502+0.037%ApeX Omni0.04502+0.037%Bybit0.04503+0.059%Gate0.04503+0.059%
Variational Omni
OKX
KuCoin
Extended
MEXC
ApeX Omni
Bybit
GatePhoenix0.04503+0.059%
Bitget0.04504+0.081%BingX0.04504+0.081%Aster0.04504+0.084%Binance0.04504+0.090%Bulk0.04505+0.103%BloFin0.04505+0.103%Pacifica0.04507+0.139%Nado0.04508+0.170%Backpack0.04509+0.192%Reya0.04511+0.242%Orderly0.04513+0.281%GMX0.04513+0.283%gTrade (Gains Network)0.04513+0.292%SunX0.04520+0.437%Hyperliquid0.04521+0.461%Deribit0.04524+0.530%Lighter0.04537+0.815%
Bitget
BingX
Aster
Binance
Bulk
BloFin
Pacifica
Nado
Backpack
Reya
Orderly
GMX
gTrade (Gains Network)
SunX
Hyperliquid
Deribit
LighterCoinbase International0.04581+1.788%
MEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MEGA | −1.756% | +0.0100% | 4h | $239K | $101K | — | as long as short |
| OKX MEGA-USDT-SWAP | −1.742% | +0.0100% | 4h | $915K | $2.8M | 20x | as long as short |
| KuCoin MEGAUSDTM | −1.742% | +0.0100% | 4h | $237K | $106K | 50x | as long as short |
| Extended MEGA-USD | −1.737% | +0.0104% | 1h | $136K | $605K | 5x | as long as short |
| MEXC MEGA_USDT | −1.720% | +0.0100% | 4h | $735K | $336K | 50x | as long as short |
| ApeX Omni MEGAUSDT | −1.720% | +0.0100% | 1h | $28K | $222K | 50x | as long as short |
| Bybit MEGAUSDT | −1.698% | +0.0100% | 4h | $3.3M | $4.4M | 20x | as long as short |
| Gate MEGA_USDT | −1.698% | +0.0100% | 4h | $200K | $234K | 20x | as long as short |
| Phoenix MEGAshort | −1.698% | +0.0177% | 1h | $20K | $6K | 5x | |
| Bitget MEGAUSDT | −1.677% | +0.0100% | 4h | $1.1M | $1.3M | 50x | as long as short |