Spread before costs (cost unknown: a leg has no order-book sample)+0.278%
7d average—if it closes, per $10,000$28funding while held, a day+$25.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEGA/USD [ETH-USDC] | 0.04498 | L +0.0236% / S −0.5353% | pay 0.0030% / 1h | 24m 32s | $3K | — | 45x |
| Short | Lighter MEGA | 0.04510 | 0.1072 | get 0.0134% / 1h | 24m 32s | $598K | $225K | 3x |
GMX MEGA/USD [ETH-USDC]
Lighter MEGAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $27.79
- Funding while held
- $25.07
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $40.87
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 17 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0836%
- Per $10,000 a day
- +$25.07
- Average in range /8h
- —
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 Lighter live order book, 17 min ago | 14.17 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Reya0.04477cheapestMEXC0.04477+0.007%KuCoin0.04478+0.030%Bitget0.04479+0.052%gTrade (Gains Network)0.04479+0.052%Bybit0.04480+0.074%OKX0.04480+0.074%Binance0.04486+0.198%Backpack0.04487+0.231%Variational Omni0.04488+0.243%BingX0.04488+0.253%Aster0.04489+0.266%Extended0.04489+0.269%Gate0.04489+0.275%Phoenix0.04489+0.275%Pacifica0.04489+0.284%ApeX Omni0.04491+0.320%Orderly0.04495+0.409%Hyperliquid0.04498+0.465%
Reya
MEXC
KuCoin
Bitget
gTrade (Gains Network)
Bybit
OKX
Binance
Backpack
Variational Omni
BingX
Aster
Extended
Gate
Phoenix
Pacifica
ApeX Omni
Orderly
HyperliquidGMX0.04498+0.465%
SunX0.04500+0.521%Bulk0.04500+0.524%Nado0.04501+0.555%BloFin0.04503+0.588%Deribit0.04503+0.590%
SunX
Bulk
Nado
BloFin
DeribitLighter0.04510+0.744%
Coinbase International0.04524+1.050%
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya MEGARUSDPERP | −0.463% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| MEXC MEGA_USDT | −0.456% | +0.0100% | 4h | $796K | $345K | 50x | as long as short |
| KuCoin MEGAUSDTM | −0.434% | +0.0100% | 4h | $235K | $107K | 50x | as long as short |
| Bitget MEGAUSDT | −0.411% | +0.0100% | 4h | $1.1M | $1.3M | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.411% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Bybit MEGAUSDT | −0.389% | +0.0100% | 4h | $3.2M | $4.4M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.389% | +0.0100% | 4h | $912K | $2.8M | 20x | as long as short |
| Binance MEGAUSDT | −0.266% | +0.0100% | 4h | $4.2M | $11.5M | 50x | as long as short |
| Backpack MEGA_USDC_PERP | −0.233% | +0.0100% | 1h | $19K | $38K | 5x | as long as short |
| Variational Omni MEGA | −0.221% | +0.0100% | 4h | $239K | $101K | — | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MEGA-USDT | −0.211% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Aster MEGAUSDT | −0.198% | +0.0100% | 4h | $33K | $57K | 5x | as long as short |
| Extended MEGA-USD | −0.196% | +0.0104% | 1h | $136K | $605K | 5x | as long as short |
| Gate MEGA_USDT | −0.189% | +0.0084% | 4h | $198K | $236K | 20x | as long as short |
| Phoenix MEGA | −0.189% | +0.0177% | 1h | $20K | $6K | 5x | as long as short |
| Pacifica MEGA | −0.180% | +0.0100% | 1h | $15K | $10K | 3x | as long as short |
| ApeX Omni MEGAUSDT | −0.145% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | −0.056% | +0.0100% | 4h | $3K | $994 | 10x | as long as short |
| Hyperliquid MEGA | 0.000% | +0.1110% | 1h | $7.5M | $2.4M | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | 0.000% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | |
| SunX MEGA-USDT | +0.056% | +0.0100% | 4h | $1K | $1.8M | 10x | as long as short |
| Bulk MEGA-USD | +0.059% | +0.0100% | 1h | $133K | $569 | 10x | as long as short |
| Nado MEGA-PERP | +0.089% | +0.0053% | 1h | $194K | $144K | 2x | as long as short |
| BloFin MEGA-USDT | +0.122% | +0.0071% | 4h | $209K | $75K | 50x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.125% | +0.1864% | 1h | $109 | $15 | 25x | as long as short |
| Lighter MEGAshort | +0.278% | +0.1072% | 1h | $598K | $225K | 3x | |
| Coinbase International MEGA-PERP-INTX | +0.583% | +0.1224% | 1h | $7K | $6K | 50x | as long as short |