MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0373%/8h= +40.8% APRnext payment +$0.47 per $10,000 · paid last 24h +0.012%

Price spread now: Backpack against GMX+0.414%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.414% dearer against GMX than usual: you sell high and buy low: +$41 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	GMX MEGA/USD [ETH-USDC]	0.04569	L +0.0237% / S −0.5353%	pay 0.0030% / 1h	29m 20s	$3K	—	45x
Short	Backpack MEGA_USDC_PERP	0.04588	0.0610	get 0.0076% / 1h	29m 20s	$18K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.414%Rate

Funding earned: $78.3
Price spread: +0.414% → 0.000%: $41.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $97.67
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

GMX and 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 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	−1.722%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04570	+0.016%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0063%	1h	0.04573	+0.096%	$198K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04576	+0.155%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04580	+0.243%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04569	−0.011%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04567	−0.046%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04570	+0.020%	$937K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.418%	$134K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04571	+0.042%	$203K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04571	+0.042%	$826K	$364K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04582	+0.282%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04568	−0.024%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04568	−0.024%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	+0.289%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04569	−0.002%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04568	−0.024%	$24K	$233K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04569	−0.002%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04571	+0.042%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04566	−0.062%	$131K	$830K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04571	+0.037%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04584	+0.326%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0237% / S −0.5353%	1h	0.04569	long leg	$3K	—	45x
Backpack MEGA_USDC_PERPshort	+0.0610%	1h	0.04588	+0.414%	$18K	$46K	5x
Lighter MEGA	+0.1320%	1h	0.04590	+0.457%	$648K	$329K	3x	as long as short
Hyperliquid MEGA	+0.1907%	1h	0.04591	+0.481%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1939%	1h	0.04579	+0.210%	$111	$15	25x	as long as short