Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.087%7-day average +0.080% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+1.598%+$160 · spread now −0.087%, 7d avg +0.080%

Together, before fees+1.626%+$163 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: SunX is 0.166% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEGA_USDT	0.04611	0.0100	pay 0.0050% / 4h	3h 10m	$202K	$315K	20x
Short	SunX MEGA-USDT	0.04607	0.0100	get 0.0050% / 4h	3h 10m	$2K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.080%: −$16.64
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$39.64
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 56 min ago; SunX: live order book, 5 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 Gate live order book, 56 min ago	6.66 bp	97.9 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	502.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0048%	1h	0.04490	−2.615%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04605	−0.129%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04597	−0.304%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0038%	1h	0.04609	−0.043%	$199K	$136K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04607	−0.084%	$20K	$87K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04613	+0.035%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04614	+0.071%	$4.1M	$13.3M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04615	+0.087%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04612	+0.022%	$942K	$3.1M	20x	as long as short
Gate MEGA_USDTlong	+0.0100%	4h	0.04611	long leg	$202K	$315K	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04610	−0.022%	$859K	$362K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04611	0.000%	$242K	$116K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04617	+0.130%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04615	+0.087%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04606	−0.114%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04601	−0.216%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04593	−0.390%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04603	−0.173%	$3K	$2K	10x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04607	−0.087%	$2K	$1.9M	10x
Bulk MEGA-USD	+0.0100%	1h	0.04565	−0.998%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04609	−0.033%	$130K	$822K	5x	as long as short
BloFin MEGA-USDT	+0.0136%	4h	0.04614	+0.065%	$199K	$78K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04607	−0.080%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04606	−0.117%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0348%	1h	0.04610	−0.022%	$19K	$41K	5x	as long as short
Lighter MEGA	+0.0960%	1h	0.04629	+0.390%	$651K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1152%	1h	0.04630	+0.401%	$7.9M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2031%	1h	0.04614	+0.061%	$112	$15	25x	as long as short