Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0260%/8h= −28.4% APRnext payment $0.32 per $10,000 · paid last 24h −0.072%
Price spread now: gTrade (Gains Network) against GMX−0.005%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX MEGA/USD [ETH-USDC]0.04494L +0.0237% / S −0.5353%pay 0.0030% / 1h33m 16s$3K45x
ShortgTrade (Gains Network) MEGA/USD0.04494L +0.0001% / S +0.0023%pay 0.0003% / 1h33m 16s$1K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$54.51
Price spread: −0.005% → 0.000%
−$0.51
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
−$79.02
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0048%1h0.04589+2.123%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDshortL +0.0001% / S +0.0023%1h0.04494−0.005%$1K150x
Bybit MEGAUSDT+0.0011%4h0.04491−0.069%$3.4M$5.9M20xas long as short
BloFin MEGA-USDT+0.0044%4h0.04489−0.113%$198K$93K50xas long as short
Nado MEGA-PERP+0.0062%1h0.04487−0.147%$193K$141K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04494−0.013%$18K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04485−0.198%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04497+0.071%$3.9M$13.8M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04491−0.069%$909K$3.1M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04511+0.382%$133K$11110xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04491−0.069%$201K$329K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04496+0.042%$795K$390K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04491−0.069%$227K$120K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04496+0.042%$1.0M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04493−0.024%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04494−0.002%$18K$55K5xas long as short
Variational Omni MEGA+0.0100%4h0.04520+0.583%$319K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04518+0.532%$20K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04524+0.665%$23K$228K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04494−0.002%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04495+0.020%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04495+0.015%$126K$429K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04490−0.084%$33xas long as short
Phoenix MEGA+0.0177%1h0.04522+0.621%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]longL +0.0237% / S −0.5353%1h0.04494long leg$3K45x
Lighter MEGA+0.0432%1h0.04520+0.576%$616K$366K3xas long as short
Hyperliquid MEGA+0.0526%1h0.04501+0.162%$7.8M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1107%1h0.04501+0.158%$109$1525xas long as short