Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.010%
Price spread now: Bybit against Extended−0.027%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1731.728% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.027%, 7d avg +0.012%
=Together, before fees−0.069%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MEGA-USD | 0.04585 | 0.0104 | pay 0.0013% / 1h | 59m 36s | $129K | $821K | 5x |
| Short | Bybit MEGAUSDT | 0.04584 | 0.0100 | get 0.0050% / 4h | 3h 59m | $3.5M | $5.7M | 20x |
Extended MEGA-USD
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.027% → +0.012%
- −$3.93
- Slippage, 4 orders
- −$156.76
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$177.54
- Costs to cover
- 1.728%
- Break-even
- never at this rate
Slippage from Extended: live order book, 58 min ago; Bybit: live order book, 3 min ago.
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 Extended live order book, 58 min ago | 4.40 bp | 52.6 bp −$53 | 296.4 bp −$2,964 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.18 bp | 37.0 bp −$37 | 135.6 bp −$1,356 | doesn't fit | doesn't fit |
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-INTX | −0.0744% | 1h | 0.04589 | +0.093% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04591 | +0.122% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0078% | 1h | 0.04587 | +0.049% | $198K | $144K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04595 | +0.209% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04591 | +0.124% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04590 | +0.110% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04588 | +0.055% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04584 | −0.027% | $3.5M | $5.7M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04585 | −0.005% | $937K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04590 | +0.104% | $136K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04590 | +0.104% | $203K | $324K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04587 | +0.038% | $805K | $374K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04591 | +0.126% | $234K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04588 | +0.060% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04585 | −0.005% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04585 | −0.001% | $324K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04581 | −0.088% | $19K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04575 | −0.223% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04589 | +0.082% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04589 | +0.082% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USDlong | +0.0104% | 1h | 0.04585 | long leg | $129K | $821K | 5x | |
| BloFin MEGA-USDT | +0.0135% | 4h | 0.04587 | +0.038% | $204K | $95K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04588 | +0.066% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04590 | +0.104% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04591 | +0.132% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0383% | 1h | 0.04592 | +0.147% | $18K | $53K | 5x | as long as short |
| Lighter MEGA | +0.0632% | 1h | 0.04612 | +0.584% | $652K | $340K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0665% | 1h | 0.04596 | +0.235% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL