Spread before costs (cost unknown: a leg has no order-book sample)+0.499%
7d average—if it closes, per $10,000$50funding while held, a day−$4.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEGA/USD [ETH-USDC] | 0.04433 | L +0.0236% / S −0.5353% | pay 0.0029% / 1h | 42m 25s | $3K | — | 45x |
| Short | Orderly PERP_MEGA_USDC | 0.04455 | 0.0099 | get 0.0049% / 4h | 1h 42m | $3K | $961 | 10x |
GMX MEGA/USD [ETH-USDC]
Orderly PERP_MEGA_USDCPrice 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
- $49.85
- Funding while held
- −$4.11
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $27.75
- Spread needed to break even
- 0.180%
Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0137%
- Per $10,000 a day
- −$4.11
- 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 Orderly no order-book sample | — | — | — | — | — |
GMX and Orderly: 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.ApeX Omni0.04429cheapestBulk0.04430+0.023%Variational Omni0.04430+0.025%
ApeX Omni
Bulk
Variational OmniGMX0.04433+0.088%
Phoenix0.04446+0.384%BloFin0.04449+0.452%Nado0.04452+0.531%Extended0.04453+0.540%BingX0.04453+0.542%Bybit0.04454+0.564%Gate0.04455+0.587%MEXC0.04455+0.587%
Phoenix
BloFin
Nado
Extended
BingX
Bybit
Gate
MEXCOrderly0.04455+0.587%
Reya0.04456+0.600%Binance0.04456+0.610%SunX0.04456+0.610%Bitget0.04457+0.632%OKX0.04458+0.655%KuCoin0.04458+0.655%Pacifica0.04459+0.675%Aster0.04459+0.676%Backpack0.04459+0.677%gTrade (Gains Network)0.04462+0.745%Coinbase International0.04465+0.806%Deribit0.04466+0.844%Hyperliquid0.04467+0.865%Lighter0.04478+1.106%
Reya
Binance
SunX
Bitget
OKX
KuCoin
Pacifica
Aster
Backpack
gTrade (Gains Network)
Coinbase International
Deribit
Hyperliquid
LighterMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MEGAUSDT | −0.088% | +0.0100% | 1h | $25K | $224K | 50x | as long as short |
| Bulk MEGA-USD | −0.065% | +0.0100% | 1h | $131K | −$0 | 10x | as long as short |
| Variational Omni MEGA | −0.063% | +0.0100% | 4h | $237K | $106K | — | as long as short |
| GMX MEGA/USD [ETH-USDC]long | 0.000% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | |
| Phoenix MEGA | +0.296% | +0.0184% | 1h | $20K | $6K | 5x | as long as short |
| BloFin MEGA-USDT | +0.363% | +0.0124% | 4h | $201K | $76K | 50x | as long as short |
| Nado MEGA-PERP | +0.442% | +0.0004% | 1h | $193K | $158K | 2x | as long as short |
| Extended MEGA-USD | +0.451% | +0.0104% | 1h | $134K | $602K | 5x | as long as short |
| BingX MEGA-USDT | +0.453% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Bybit MEGAUSDT | +0.476% | +0.0100% | 4h | $3.2M | $4.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.499% | +0.0100% | 4h | $184K | $263K | 20x | as long as short |
| MEXC MEGA_USDT | +0.499% | +0.0100% | 4h | $803K | $362K | 50x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.499% | +0.0099% | 4h | $3K | $961 | 10x | |
| Reya MEGARUSDPERP | +0.512% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Binance MEGAUSDT | +0.521% | +0.0100% | 4h | $4.0M | $12.7M | 50x | as long as short |
| SunX MEGA-USDT | +0.521% | +0.0100% | 4h | $1K | $1.9M | 10x | as long as short |
| Bitget MEGAUSDT | +0.544% | +0.0100% | 4h | $1.1M | $1.4M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.566% | +0.0100% | 4h | $923K | $3.0M | 20x | as long as short |
| KuCoin MEGAUSDTM | +0.566% | +0.0100% | 4h | $232K | $115K | 50x | as long as short |
| Pacifica MEGA | +0.587% | +0.0100% | 1h | $14K | $11K | 3x | as long as short |
| Aster MEGAUSDT | +0.588% | +0.0100% | 4h | $27K | $65K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.589% | +0.0252% | 1h | $17K | $38K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.656% | L −0.0019% / S +0.0023% | 1h | $16K | — | 150x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.717% | +0.1368% | 1h | $6K | $5K | 50x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.756% | +0.1185% | 1h | $108 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.776% | +0.0632% | 1h | $7.5M | $2.5M | 3x | as long as short |
| Lighter MEGA | +1.017% | +0.0096% | 1h | $600K | $288K | 3x | as long as short |