Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0844%/8h= +92.4% APRpaid last 24h −0.163%
Price spread now: SunX against Coinbase International+0.381%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and SunX is 0.381% dearer against Coinbase International than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MEGA-PERP-INTX0.04589−0.0744get 0.0093% / 1h43m 04s$5K$13K50x
ShortSunX MEGA-USDT0.046070.0100get 0.0050% / 4h43m 04s$1K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$177.24
Price spread: +0.381% → 0.000%
$38.13
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$197.37
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell SunX live order book, 3 min ago500.93 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTXlong−0.0744%1h0.04589long leg$5K$13K50x
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04611+0.464%$1K150xas long as short
Nado MEGA-PERP+0.0051%1h0.04609+0.436%$200K$142K2xas long as short
BloFin MEGA-USDT+0.0055%4h0.04611+0.468%$204K$95K50xas long as short
Hyperliquid MEGA+0.0100%1h0.04618+0.632%$8.0M$2.6M3xas long as short
Aster MEGAUSDT+0.0100%4h0.04612+0.487%$19K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04611+0.462%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04611+0.475%$4.1M$13.6M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04609+0.425%$3.6M$5.6M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04607+0.381%$942K$3.2M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04608+0.403%$200K$320K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04611+0.468%$815K$373K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04611+0.468%$232K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04612+0.490%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04610+0.447%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04581−0.182%$323K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04583−0.131%$24K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04588−0.033%$24K$231K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04610+0.447%$3K$2K10xas long as short
SunX MEGA-USDTshort+0.0100%4h0.04607+0.381%$1K$1.9M10x
Bulk MEGA-USD+0.0100%1h0.04580−0.207%$135K$4K10xas long as short
Extended MEGA-USD+0.0104%1h0.04608+0.410%$128K$821K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04609+0.419%$33xas long as short
Phoenix MEGA+0.0176%1h0.04584−0.120%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04609+0.436%$3K45xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0531%1h0.04615+0.551%$112$1525xas long as short
Backpack MEGA_USDC_PERP+0.0554%1h0.04615+0.556%$19K$50K5xas long as short
Lighter MEGA+0.0600%1h0.04635+0.991%$656K$337K3xas long as short