Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.5352%/8h= +586.1% APRnext payment +$6.69 per $10,000 · paid last 24h +1.477%
Price spread now: GMX against gTrade (Gains Network)+0.024%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$161 a day on $10k at the current rate, and GMX is 0.024% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) MEGA/USD0.04568L +0.0001% / S +0.0023%pay 0.0000% / 1h28m 15s$1K150x
ShortGMX MEGA/USD [ETH-USDC]0.04569L +0.0237% / S −0.5353%get 0.0669% / 1h28m 15s$3K45x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$1,123.98
Price spread: +0.024% → 0.000%
$2.41
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$1,102.38
Costs to cover
0.240%
Break-even
0.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0680%1h0.04589+0.471%$5K$12K50xas long as short
Bybit MEGAUSDT−0.0013%4h0.04570+0.044%$3.5M$5.8M20xas long as short
Phoenix MEGA0.0000%1h0.04592+0.525%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDlongL +0.0001% / S +0.0023%1h0.04568long leg$1K150x
Nado MEGA-PERP+0.0086%1h0.04570+0.044%$197K$144K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04572+0.095%$19K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04579+0.241%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04570+0.044%$4.1M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04567−0.022%$931K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04599+0.669%$136K$11110xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04571+0.066%$203K$326K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04572+0.088%$801K$376K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04570+0.044%$233K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04570+0.044%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04567−0.022%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04592+0.530%$324K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04595+0.590%$29K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04593+0.547%$24K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04569+0.022%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.045680.000%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04567−0.018%$128K$821K5xas long as short
Backpack MEGA_USDC_PERP+0.0106%1h0.04585+0.372%$18K$53K5xas long as short
BloFin MEGA-USDT+0.0128%4h0.04590+0.482%$203K$95K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04568−0.007%$33xas long as short
GMX MEGA/USD [ETH-USDC]shortL +0.0237% / S −0.5353%1h0.04569+0.024%$3K45x
Hyperliquid MEGA+0.0336%1h0.04579+0.232%$7.9M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.0844%1h0.04574+0.127%$111$1525xas long as short
Lighter MEGA+0.0920%1h0.04592+0.525%$650K$341K3xas long as short