Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.048%
Price spread now: Backpack against Gate+0.131%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.131% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread 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 | Gate MEGA_USDT | 0.04593 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $203K | $318K | 20x |
| Short | Backpack MEGA_USDC_PERP | 0.04599 | 0.0150 | get 0.0019% / 1h | 18m 08s | $18K | $46K | 5x |
Gate MEGA_USDT
Backpack MEGA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $10.44
- Price spread: +0.131% → 0.000%
- $13.06
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1.5
- Costs to cover
- 0.250%
- Break-even
- 8.0 days
Slippage unknown: Gate: live order book, 39 min ago; Backpack: 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 Gate live order book, 39 min ago | 7.66 bp | 199.5 bp −$200 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 | −0.0800% | 1h | 0.04490 | −2.234% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04594 | +0.016% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04593 | −0.004% | $198K | $141K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04602 | +0.205% | $8.0M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04594 | +0.018% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04594 | +0.020% | $4.1M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04591 | −0.044% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04595 | +0.044% | $944K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | −0.610% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDTlong | +0.0100% | 4h | 0.04593 | long leg | $203K | $318K | 20x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04594 | +0.022% | $820K | $368K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04595 | +0.044% | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04598 | +0.109% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04596 | +0.065% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04580 | −0.280% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04564 | −0.622% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04585 | −0.174% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04592 | −0.022% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04592 | −0.022% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04592 | −0.015% | $130K | $821K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0138% | 4h | 0.04586 | −0.152% | $203K | $94K | 50x | as long as short |
| Backpack MEGA_USDC_PERPshort | +0.0150% | 1h | 0.04599 | +0.131% | $18K | $46K | 5x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04592 | −0.018% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04581 | −0.261% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04593 | −0.007% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04594 | +0.028% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0560% | 1h | 0.04616 | +0.501% | $653K | $336K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1274% | 1h | 0.04601 | +0.165% | $111 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL