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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0730%/8h= +79.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.231%
Price spread now: Lighter against gTrade (Gains Network)+0.216%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 fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.216% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$22 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/USD0.04531L −0.0018% / S +0.0023%get 0.0002% / 1h55m 34s$12K150x
ShortLighter MEGA0.045410.0712get 0.0089% / 1h55m 34s$639K$320K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$153.23
Price spread: +0.216% → 0.000%
$21.56
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$162.79
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 10 min ago. 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 Lighter live order book, 10 min ago26.48 bp75.4 bp −$75doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni MEGAUSDT−0.1047%1h0.04521−0.226%$25K$231K50xas long as short
Coinbase International MEGA-PERP-INTX−0.0048%1h0.04490−0.901%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDlongL −0.0018% / S +0.0023%1h0.04531long leg$12K150x
BloFin MEGA-USDT+0.0066%4h0.04518−0.292%$196K$77K50xas long as short
Aster MEGAUSDT+0.0100%4h0.04521−0.224%$18K$86K5xas long as short
Pacifica MEGA+0.0100%1h0.04523−0.186%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04518−0.281%$3.9M$13.1M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04517−0.314%$3.5M$5.2M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04514−0.380%$926K$3.0M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04527−0.092%$134K$4K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04517−0.314%$198K$311K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04517−0.314%$769K$350K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04520−0.248%$238K$115K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04517−0.314%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04517−0.314%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04539+0.171%$18K$41K5xas long as short
Variational Omni MEGA+0.0100%4h0.04527−0.085%$318K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04519−0.271%$28K$1.7M10xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04531−0.005%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04533+0.039%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04517−0.321%$128K$609K5xas long as short
Nado MEGA-PERP+0.0105%1h0.04519−0.270%$195K$136K2xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04514−0.372%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04531−0.009%$3K45xas long as short
Phoenix MEGA+0.0355%1h0.04524−0.160%$21K$7K5xas long as short
Hyperliquid MEGA+0.0605%1h0.04535+0.094%$7.7M$2.4M3xas long as short
Lighter MEGAshort+0.0712%1h0.04541+0.216%$639K$320K3x
Deribit MEGA_USDC-PERPETUAL+0.1956%1h0.04543+0.260%$110$1525xas long as short