Funding you earn now, next payment 23:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.002%
Price spread now: Orderly against Extended−0.127%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.127% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MEGA-USD | 0.04460 | 0.0104 | pay 0.0013% / 1h | 34m 07s | $126K | $613K | 5x |
| Short | Orderly PERP_MEGA_USDC | 0.04454 | 0.0099 | get 0.0049% / 4h | 1h 34m | $3K | $2K | 10x |
Extended MEGA-USD
Orderly PERP_MEGA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$1.13
- Price spread: −0.127% → 0.000%
- −$12.75
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$24.88
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 49 min ago; Orderly: no order-book sample. Net counts fees only.
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, 49 min ago | 3.34 bp | 54.3 bp −$54 | 320.2 bp −$3,202 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0144% | 1h | 0.04490 | +0.689% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04454 | −0.119% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0049% | 1h | 0.04456 | −0.071% | $192K | $152K | 2x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.0099% | 4h | 0.04454 | −0.127% | $3K | $2K | 10x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04456 | −0.073% | $18K | $82K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04460 | +0.007% | $14K | $8K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04460 | +0.002% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04457 | −0.060% | $3.5M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04457 | −0.060% | $912K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04455 | −0.105% | $131K | $5K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit 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 | 0.04455 | −0.105% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04461 | +0.029% | $761K | $346K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04460 | +0.007% | $235K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04459 | −0.015% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04458 | −0.038% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04455 | −0.105% | $223K | $135K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04457 | −0.060% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04461 | +0.029% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04453 | −0.150% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USDlong | +0.0104% | 1h | 0.04460 | long leg | $126K | $613K | 5x | |
| BloFin MEGA-USDT | +0.0112% | 4h | 0.04455 | −0.105% | $195K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04453 | −0.150% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0179% | 1h | 0.04468 | +0.186% | $20K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04454 | −0.134% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0435% | 1h | 0.04462 | +0.052% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGA | +0.1440% | 1h | 0.04469 | +0.218% | $7.6M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2040% | 1h | 0.04464 | +0.106% | $108 | $15 | 25x | as long as short |
| Lighter MEGA | +0.2464% | 1h | 0.04480 | +0.456% | $625K | $318K | 3x | 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
SunX MEGA-USDT
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA