Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Gate−0.525%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$573as in the Price arb table

costs, in and out, $10k−$5165.161% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.511%+$51 · spread now −0.525%, 7d avg +0.048%

Together, before fees+0.510%+$51 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.573% cheaper against Gate than usual: you would sell low and buy high, −$57 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04574	0.0100	pay 0.0050% / 4h	2h 30m	$203K	$319K	20x
Short	Bulk MEGA-USD	0.04550	0.0100	get 0.0013% / 1h	30m 18s	$134K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now −0.525%Rate

Funding earned: $0
Price spread: −0.525% → +0.048%: −$57.25
Slippage, 4 orders: −$494.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$573.39
Costs to cover: 5.161%
Break-even: never at this rate

Slippage from Gate: live order book, 32 min ago; Bulk: live order book, 39 min ago.

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, 32 min ago	7.61 bp	196.9 bp −$197	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 39 min ago	10.81 bp	35.0 bp −$35	118.4 bp −$1,184	doesn't fit	doesn't fit

MEGA on 27 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	−0.0432%	1h	0.04490	−1.828%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04577	+0.062%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0065%	1h	0.04577	+0.077%	$198K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04574	−0.005%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04575	+0.024%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04579	+0.101%	$4.1M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04580	+0.131%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04582	+0.175%	$938K	$3.1M	20x	as long as short
Bulk MEGA-USDshort	+0.0100%	1h	0.04550	−0.525%	$134K	$4K	10x
Gate MEGA_USDTlong	+0.0100%	4h	0.04574	long leg	$203K	$319K	20x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04577	+0.066%	$827K	$364K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04576	+0.044%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04582	+0.175%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	+0.109%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	+0.181%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04569	−0.109%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04600	+0.568%	$24K	$232K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04582	+0.175%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04580	+0.131%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04582	+0.170%	$131K	$830K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04577	+0.061%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04594	+0.437%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04577	+0.068%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0607%	1h	0.04571	−0.066%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1304%	1h	0.04594	+0.437%	$649K	$329K	3x	as long as short
Hyperliquid MEGA	+0.1920%	1h	0.04591	+0.365%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2194%	1h	0.04594	+0.429%	$111	$15	25x	as long as short