Spread before costs (cost unknown: a leg has no order-book sample)+1.001%
7d average—if it closes, per $10,000$100funding while held, a day+$5.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MEGA_USDC-PERPETUAL | 0.04514 | 0 | get 0.0000% / 1h | 16m 47s | $109 | $15 | 25x |
| Short | Phoenix MEGA | 0.04559 | 0.0174 | get 0.0022% / 1h | 16m 47s | $21K | $5K | 5x |
Deribit MEGA_USDC-PERPETUAL
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
- $100.14
- Funding while held
- $5.22
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $91.36
- Spread needed to break even
- 0.140%
Slippage unknown: Deribit: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0174%
- Per $10,000 a day
- +$5.22
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Deribit 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.Deribit0.04514cheapest
OKX0.04516+0.049%Bitget0.04516+0.049%KuCoin0.04517+0.071%Orderly0.04517+0.071%Binance0.04518+0.089%Bybit0.04518+0.093%BingX0.04518+0.093%BloFin0.04518+0.093%gTrade (Gains Network)0.04519+0.110%GMX0.04519+0.111%Pacifica0.04520+0.133%MEXC0.04520+0.137%Extended0.04520+0.148%Gate0.04522+0.182%SunX0.04522+0.182%Aster0.04523+0.201%Reya0.04524+0.218%Nado0.04525+0.259%Backpack0.04528+0.315%Hyperliquid0.04531+0.379%Lighter0.04540+0.580%
OKX
Bitget
KuCoin
Orderly
Binance
Bybit
BingX
BloFin
gTrade (Gains Network)
GMX
Pacifica
MEXC
Extended
Gate
SunX
Aster
Reya
Nado
Backpack
Hyperliquid
LighterPhoenix0.04559+1.001%
ApeX Omni0.04560+1.024%Variational Omni0.04596+1.824%Coinbase International0.04602+1.961%Bulk0.04650+3.017%
ApeX Omni
Variational Omni
Coinbase International
BulkMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MEGA_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $109 | $15 | 25x | |
| OKX MEGA-USDT-SWAP | +0.049% | +0.0100% | 4h | $931K | $2.6M | 20x | as long as short |
| Bitget MEGAUSDT | +0.049% | +0.0100% | 4h | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.071% | +0.0100% | 4h | $213K | $90K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.071% | +0.0100% | 4h | $3K | $994 | 10x | as long as short |
| Binance MEGAUSDT | +0.089% | +0.0100% | 4h | $4.4M | $10.4M | 50x | as long as short |
| Bybit MEGAUSDT | +0.093% | −0.0068% | 4h | $3.3M | $4.2M | 20x | as long as short |
| BingX MEGA-USDT | +0.093% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| BloFin MEGA-USDT | +0.093% | +0.0119% | 4h | $222K | $73K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.110% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX MEGA/USD [ETH-USDC] | +0.111% | L +0.0237% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.133% | +0.0100% | 1h | $15K | $10K | 3x | as long as short |
| MEXC MEGA_USDT | +0.137% | +0.0100% | 4h | $766K | $315K | 50x | as long as short |
| Extended MEGA-USD | +0.148% | +0.0104% | 1h | $136K | $605K | 5x | as long as short |
| Gate MEGA_USDT | +0.182% | +0.0100% | 4h | $205K | $228K | 20x | as long as short |
| SunX MEGA-USDT | +0.182% | +0.0100% | 4h | $2K | $1.7M | 10x | as long as short |
| Aster MEGAUSDT | +0.201% | +0.0100% | 4h | $34K | $53K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.218% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Nado MEGA-PERP | +0.259% | +0.0135% | 1h | $197K | $128K | 2x | as long as short |
| Backpack MEGA_USDC_PERP | +0.315% | +0.0100% | 1h | $20K | $35K | 5x | as long as short |
| Hyperliquid MEGA | +0.379% | +0.1717% | 1h | $7.6M | $2.3M | 3x | as long as short |
| Lighter MEGA | +0.580% | +0.1952% | 1h | $580K | $195K | 3x | as long as short |
| Phoenix MEGAshort | +1.001% | +0.0174% | 1h | $21K | $5K | 5x | |
| ApeX Omni MEGAUSDT | +1.024% | +0.0100% | 1h | $26K | $219K | 50x | as long as short |
| Variational Omni MEGA | +1.824% | +0.0100% | 4h | $223K | $79K | — | as long as short |
| Coinbase International MEGA-PERP-INTX | +1.961% | +0.1256% | 1h | $8K | $5K | 50x | as long as short |
| Bulk MEGA-USD | +3.017% | +0.0100% | 1h | $138K | $569 | 10x | as long as short |