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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin−0.044%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$572as in the Funding arb table
Net, price: spread back to 7d avg − costs−$578as in the Price arb table
costs, in and out, $10k−$5725.724% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.044%, 7d avg +0.017%
Together, before fees+0.256%+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEGAUSDTM0.045700.0100pay 0.0050% / 4h3h 21m$233K$119K50x
ShortApeX Omni MEGAUSDT0.045680.0100get 0.0013% / 1h21m 29s$24K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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
$0
Price spread: −0.044% → +0.017%
−$6.05
Slippage, 4 orders
−$550.45
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$578.5
Costs to cover
5.724%
Break-even
never at this rate
Slippage from KuCoin: live order book, 49 min ago; ApeX Omni: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 49 min ago11.90 bp209.9 bp −$210doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 30 min ago8.74 bp16.9 bp −$17123.2 bp −$1,232doesn't fitdoesn't fit

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−0.0680%1h0.04589+0.427%$5K$12K50xas long as short
Phoenix MEGA0.0000%1h0.04574+0.088%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04563−0.157%$1K150xas long as short
Bybit MEGAUSDT+0.0010%4h0.04568−0.044%$3.5M$5.8M20xas long as short
Nado MEGA-PERP+0.0085%1h0.04568−0.055%$197K$143K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04570−0.008%$19K$91K5xas long as short
Pacifica MEGA+0.0100%1h0.04571+0.011%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04571+0.020%$4.1M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04568−0.044%$932K$3.2M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04570+0.004%$135K$11110xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04568−0.044%$203K$327K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.045700.000%$801K$376K50xas long as short
KuCoin MEGAUSDTMlong+0.0100%4h0.04570long leg$233K$119K50x
Bitget MEGAUSDT+0.0100%4h0.045700.000%$1.0M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04569−0.022%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04566−0.088%$18K$53K5xas long as short
Variational Omni MEGA+0.0100%4h0.04572+0.047%$322K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04572+0.044%$19K$1.8M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04568−0.044%$24K$230K50x
Orderly PERP_MEGA_USDC+0.0100%4h0.04562−0.175%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04563−0.153%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04569−0.017%$129K$825K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04570−0.006%$33xas long as short
BloFin MEGA-USDT+0.0160%4h0.04575+0.109%$202K$95K50xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04563−0.162%$3K45xas long as short
Hyperliquid MEGA+0.0355%1h0.04579+0.201%$7.9M$2.6M3xas long as short
Lighter MEGA+0.0936%1h0.04592+0.481%$650K$344K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1065%1h0.04569−0.015%$111$1525xas long as short