Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.5253%/8h= +575.2% APRpaid last 24h +1.442%

Price spread now: GMX against KuCoin+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$158 a day on $10k at the current rate, and GMX is 0.024% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEGAUSDTM	0.04495	0.0100	pay 0.0050% / 4h	2h 30m	$227K	$120K	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04496	L +0.0237% / S −0.5353%	get 0.0669% / 1h	30m 01s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $1,103.09
Price spread: +0.024% → 0.000%: $2.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,081.54
Costs to cover: 0.240%
Break-even: 0.1 days

Slippage unknown: KuCoin: live order book, 26 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 26 min ago	14.31 bp	167.7 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	0.04589	+2.102%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04496	+0.020%	$1K	—	150x	as long as short
Bybit MEGAUSDT	+0.0015%	4h	0.04493	−0.044%	$3.4M	$5.9M	20x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04494	−0.033%	$194K	$141K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04496	+0.031%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04497	+0.044%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04498	+0.063%	$3.9M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04496	+0.022%	$912K	$3.1M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04494	−0.022%	$200K	$330K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04496	+0.022%	$812K	$397K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTMlong	+0.0100%	4h	0.04495	long leg	$227K	$120K	50x
Bitget MEGAUSDT	+0.0100%	4h	0.04497	+0.044%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04495	0.000%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04499	+0.089%	$18K	$55K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04490	−0.104%	$317K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04499	+0.082%	$20K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04495	0.000%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04495	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04499	+0.089%	$1K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04501	+0.124%	$133K	$111	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04493	−0.038%	$126K	$429K	5x	as long as short
BloFin MEGA-USDT	+0.0124%	4h	0.04501	+0.133%	$198K	$93K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04497	+0.040%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04522	+0.601%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0237% / S −0.5353%	1h	0.04496	+0.024%	$3K	—	45x
Lighter MEGA	+0.0424%	1h	0.04517	+0.489%	$616K	$366K	3x	as long as short
Hyperliquid MEGA	+0.0495%	1h	0.04505	+0.220%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0884%	1h	0.04501	+0.122%	$109	$15	25x	as long as short