Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.036%

Price spread now: Gate against gTrade (Gains Network)−0.022%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 Gate

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—needs both histories

Funding pays, the price is against you. Gate is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MEGA/USD	0.04530	L −0.0018% / S +0.0023%	get 0.0002% / 1h	59m 44s	$12K	—	150x
Short	Gate MEGA_USDT	0.04529	0.0100	get 0.0050% / 4h	3h 59m	$198K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $24.71
Price spread: −0.022% → 0.000%: −$2.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.5
Costs to cover: 0.270%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 7 min ago. 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 Gate live order book, 7 min ago	6.66 bp	196.2 bp −$196	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
gTrade (Gains Network) MEGA/USDlong	L −0.0018% / S +0.0023%	1h	0.04530	long leg	$12K	—	150x
Bybit MEGAUSDT	+0.0054%	4h	0.04524	−0.132%	$3.5M	$5.2M	20x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04530	−0.004%	$18K	$86K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04527	−0.060%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04527	−0.069%	$3.9M	$13.1M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04521	−0.199%	$929K	$3.0M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04515	−0.334%	$133K	$4K	10x	as long as short
Gate MEGA_USDTshort	+0.0100%	4h	0.04529	−0.022%	$198K	$316K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04526	−0.088%	$771K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04529	−0.022%	$238K	$114K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MEGAUSDT	+0.0100%	4h	0.04525	−0.110%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04523	−0.155%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04523	−0.157%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	−0.423%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04515	−0.331%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04529	−0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04530	0.000%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04529	−0.031%	$129K	$613K	5x	as long as short
Nado MEGA-PERP	+0.0108%	1h	0.04529	−0.022%	$197K	$137K	2x	as long as short
BloFin MEGA-USDT	+0.0144%	4h	0.04520	−0.221%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04527	−0.058%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04529	−0.026%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0273%	1h	0.04537	+0.157%	$7.8M	$2.4M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.874%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04506	−0.530%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0386%	1h	0.04533	+0.066%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.1256%	1h	0.04548	+0.397%	$640K	$320K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1604%	1h	0.04539	+0.196%	$110	$15	25x	as long as short