Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: Aster against gTrade (Gains Network)−0.117%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.117% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04547	L +0.0001% / S +0.0023%	pay 0.0000% / 1h	55m 39s	$1K	—	150x
Short	Aster MEGAUSDT	0.04541	0.0100	get 0.0050% / 4h	2h 55m	$19K	$91K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.117%Rate

Funding earned: $20.88
Price spread: −0.117% → 0.000%: −$11.72
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.83
Costs to cover: 0.200%
Break-even: 10.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Aster: 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	−0.0048%	1h	0.04589	+0.939%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0017%	4h	0.04534	−0.282%	$3.5M	$5.8M	20x	as long as short
Phoenix MEGA	0.0000%	1h	0.04529	−0.392%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USDlong	L +0.0001% / S +0.0023%	1h	0.04547	long leg	$1K	—	150x
Nado MEGA-PERP	+0.0022%	1h	0.04543	−0.095%	$196K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0070%	4h	0.04519	−0.612%	$156K	$93K	50x	as long as short
Aster MEGAUSDTshort	+0.0100%	4h	0.04541	−0.117%	$19K	$91K	5x
Pacifica MEGA	+0.0100%	1h	0.04539	−0.172%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04540	−0.158%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04532	−0.326%	$925K	$3.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04540	−0.150%	$134K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04538	−0.194%	$201K	$325K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04536	−0.238%	$805K	$381K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04538	−0.194%	$231K	$119K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04537	−0.216%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04533	−0.304%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04550	+0.070%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04544	−0.068%	$320K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04521	−0.576%	$25K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04513	−0.744%	$23K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04547	+0.004%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04541	−0.128%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04533	−0.309%	$127K	$430K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04542	−0.111%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04545	−0.035%	$3K	—	45x	as long as short
Lighter MEGA	+0.0408%	1h	0.04559	+0.268%	$635K	$350K	3x	as long as short
Hyperliquid MEGA	+0.0505%	1h	0.04548	+0.015%	$7.9M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1553%	1h	0.04555	+0.191%	$110	$15	25x	as long as short