Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin0.000%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$795as in the Funding arb table

Net, price: spread back to 7d avg − costs−$789as in the Price arb table

costs, in and out, $10k−$7927.922% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now 0.000%, 7d avg −0.031%

Together, before fees−0.064%−$6 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: Gate is 0.031% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEGAUSDTM	0.04623	0.0100	pay 0.0050% / 4h	3h 07m	$243K	$116K	50x
Short	Gate MEGA_USDT	0.04623	0.0100	get 0.0050% / 4h	3h 07m	$202K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.031%: $3.13
Slippage, 4 orders: −$765.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$789.07
Costs to cover: 7.922%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; Gate: live order book, 59 min ago.

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 KuCoin live order book, 42 min ago	11.08 bp	273.6 bp −$274	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	6.66 bp	196.2 bp −$196	doesn't fit	doesn't fit	doesn't fit

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
Coinbase International MEGA-PERP-INTX	−0.0048%	1h	0.04490	−2.868%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04621	−0.043%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04610	−0.281%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0040%	1h	0.04621	−0.032%	$200K	$136K	2x	as long as short
BloFin MEGA-USDT	+0.0089%	4h	0.04644	+0.454%	$201K	$90K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04623	+0.001%	$20K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04629	+0.130%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04629	+0.135%	$4.1M	$13.3M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04630	+0.151%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04628	+0.108%	$944K	$3.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDTshort	+0.0100%	4h	0.04623	0.000%	$202K	$315K	20x
MEXC MEGA_USDT	+0.0100%	4h	0.04629	+0.130%	$861K	$362K	50x	as long as short
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04623	long leg	$243K	$116K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04630	+0.151%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04630	+0.151%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04606	−0.373%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04601	−0.475%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04608	−0.324%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04621	−0.043%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04624	+0.022%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	−1.255%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04622	−0.028%	$130K	$822K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04621	−0.048%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04621	−0.048%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0384%	1h	0.04624	+0.022%	$19K	$41K	5x	as long as short
Lighter MEGA	+0.1000%	1h	0.04647	+0.519%	$653K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1226%	1h	0.04645	+0.482%	$8.0M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2087%	1h	0.04632	+0.205%	$112	$15	25x	as long as short