MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1058%/8h= +115.8% APRnext payment +$1.32 per $10,000 · paid last 24h +0.108%

Price spread now: Coinbase International against GMX−2.393%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Coinbase International is 2.393% cheaper against GMX than usual: you would sell low and buy high (spread −2.393% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$239 on $10k: about 7.5 days of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04702	L +0.0238% / S −0.5353%	pay 0.0030% / 1h	4m 03s	$3K	—	45x
Short	Coinbase International MEGA-PERP-INTX	0.04589	0.1296	get 0.0162% / 1h	4m 03s	$5K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −2.393%Rate

Funding earned: $222.1
Price spread: −2.393% → 0.000%: −$239.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.16
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: GMX: no order-book sample; Coinbase International: 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 Coinbase International no order-book sample	—	—	—	—	—

GMX and Coinbase International: 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
Phoenix MEGA	0.0000%	1h	0.04675	−0.574%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04696	−0.131%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0041%	4h	0.04697	−0.106%	$3.6M	$5.8M	20x	as long as short
Nado MEGA-PERP	+0.0061%	1h	0.04701	−0.021%	$203K	$138K	2x	as long as short
BloFin MEGA-USDT	+0.0091%	4h	0.04679	−0.489%	$204K	$88K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04698	−0.081%	$21K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04696	−0.134%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04698	−0.081%	$4.2M	$13.5M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04694	−0.170%	$943K	$3.2M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04697	−0.106%	$211K	$334K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04697	−0.106%	$779K	$409K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04698	−0.085%	$254K	$125K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04698	−0.085%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04695	−0.149%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04672	−0.644%	$338K	$230K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04667	−0.742%	$27K	$2.1M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04667	−0.744%	$24K	$226K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04701	−0.021%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04697	−0.106%	$880	$1.8M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04650	−1.106%	$137K	−$0	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04697	−0.111%	$131K	$800K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04703	+0.016%	$3	—	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0235%	1h	0.04700	−0.043%	$19K	$53K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0238% / S −0.5353%	1h	0.04702	long leg	$3K	—	45x
Hyperliquid MEGA	+0.0349%	1h	0.04706	+0.094%	$8.1M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0749%	1h	0.04708	+0.136%	$114	$15	25x	as long as short
Lighter MEGA	+0.0848%	1h	0.04723	+0.447%	$639K	$396K	3x	as long as short
Coinbase International MEGA-PERP-INTXshort	+0.1296%	1h	0.04589	−2.393%	$5K	$12K	50x