Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.009%
Price spread now: Phoenix against KuCoin−0.352%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.352% cheaper against KuCoin than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MEGAUSDTM | 0.04545 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $239K | $115K | 50x |
| Short | Phoenix MEGA | 0.04529 | 0 | get 0.0000% / 1h | 34m 25s | $21K | $7K | 5x |
KuCoin MEGAUSDTM
Phoenix MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.352% → 0.000%
- −$35.2
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$75.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 16 min ago; Phoenix: 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, 16 min ago | 11.08 bp | 273.6 bp −$274 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 0.04490 | −1.201% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04544 | −0.018% | $12K | — | 150x | as long as short |
| Phoenix MEGAshort | 0.0000% | 1h | 0.04529 | −0.352% | $21K | $7K | 5x | |
| BloFin MEGA-USDT | +0.0044% | 4h | 0.04525 | −0.440% | $196K | $77K | 50x | as long as short |
| Nado MEGA-PERP | +0.0058% | 1h | 0.04548 | +0.055% | $197K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04537 | −0.176% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04546 | +0.013% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04547 | +0.044% | $4.0M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04547 | +0.044% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04548 | +0.066% | $927K | $3.0M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04535 | −0.220% | $134K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04543 | −0.044% | $198K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04545 | 0.000% | $842K | $360K | 50x | as long as short |
| KuCoin MEGAUSDTMlong | +0.0100% | 4h | 0.04545 | long leg | $239K | $115K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04546 | +0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04546 | +0.022% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04542 | −0.066% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04530 | −0.323% | $320K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04526 | −0.417% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04534 | −0.242% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04538 | −0.154% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04539 | −0.132% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04547 | +0.046% | $128K | $786K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04545 | −0.004% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04537 | −0.187% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0832% | 1h | 0.04567 | +0.484% | $642K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.1013% | 1h | 0.04556 | +0.251% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1491% | 1h | 0.04546 | +0.020% | $110 | $15 | 25x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL