Spread before costs (cost unknown: a leg has no order-book sample)−0.557%
7d average—if it closes, per $10,000$56funding while held, a day−$3.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04492 | 0.0096 | pay 0.0012% / 1h | 15m 18s | $602K | $289K | 3x |
| Short | gTrade (Gains Network) MEGA/USD | 0.04467 | L +0.0001% / S +0.0023% | pay 0.0003% / 1h | 15m 18s | $1K | — | 150x |
Lighter MEGA
gTrade (Gains Network) MEGA/USDPrice 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
- −$55.65
- Funding while held
- −$3.56
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Net
- −$71.22
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 16 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0119%
- Per $10,000 a day
- −$3.56
- 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 Lighter live order book, 16 min ago | 32.33 bp | 100.1 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 Omni0.04451cheapestBulk0.04455+0.090%BloFin0.04460+0.202%Variational Omni0.04461+0.217%SunX0.04461+0.225%Phoenix0.04462+0.247%OKX0.04464+0.292%Gate0.04464+0.292%BingX0.04465+0.315%Reya0.04466+0.329%Aster0.04466+0.332%Extended0.04466+0.335%MEXC0.04466+0.337%Orderly0.04466+0.337%Binance0.04466+0.346%Bybit0.04467+0.359%Bitget0.04467+0.359%Nado0.04467+0.359%
ApeX Omni
Bulk
BloFin
Variational Omni
SunX
Phoenix
OKX
Gate
BingX
Reya
Aster
Extended
MEXC
Orderly
Binance
Bybit
Bitget
NadogTrade (Gains Network)0.04467+0.359%
Deribit0.04467+0.364%KuCoin0.04468+0.382%GMX0.04468+0.382%Pacifica0.04469+0.416%Backpack0.04470+0.427%Hyperliquid0.04478+0.609%Coinbase International0.04484+0.739%
Deribit
KuCoin
GMX
Pacifica
Backpack
Hyperliquid
Coinbase InternationalLighter0.04492+0.921%
MEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MEGAUSDT | −0.913% | +0.0100% | 1h | $24K | $227K | 50x | as long as short |
| Bulk MEGA-USD | −0.824% | +0.0100% | 1h | $132K | −$0 | 10x | as long as short |
| BloFin MEGA-USDT | −0.712% | +0.0103% | 4h | $202K | $76K | 50x | as long as short |
| Variational Omni MEGA | −0.698% | +0.0100% | 4h | $239K | $105K | — | as long as short |
| SunX MEGA-USDT | −0.690% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Phoenix MEGA | −0.668% | +0.0184% | 1h | $20K | $6K | 5x | as long as short |
| OKX MEGA-USDT-SWAP | −0.623% | +0.0100% | 4h | $921K | $3.0M | 20x | as long as short |
| Gate MEGA_USDT | −0.623% | +0.0100% | 4h | $182K | $267K | 20x | as long as short |
| BingX MEGA-USDT | −0.601% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Reya MEGARUSDPERP | −0.586% | +0.0159% | 1h | $3 | — | 3x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MEGAUSDT | −0.583% | +0.0100% | 4h | $27K | $65K | 5x | as long as short |
| Extended MEGA-USD | −0.581% | +0.0104% | 1h | $134K | $602K | 5x | as long as short |
| MEXC MEGA_USDT | −0.579% | +0.0100% | 4h | $790K | $370K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | −0.579% | +0.0098% | 4h | $3K | $961 | 10x | as long as short |
| Binance MEGAUSDT | −0.570% | +0.0100% | 4h | $4.0M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | −0.557% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Bitget MEGAUSDT | −0.557% | +0.0100% | 4h | $1.1M | $1.4M | 50x | as long as short |
| Nado MEGA-PERP | −0.557% | +0.0005% | 1h | $193K | $158K | 2x | as long as short |
| gTrade (Gains Network) MEGA/USDshort | −0.557% | L +0.0001% / S +0.0023% | 1h | $1K | — | 150x | |
| Deribit MEGA_USDC-PERPETUAL | −0.552% | +0.0915% | 1h | $108 | $15 | 25x | as long as short |
| KuCoin MEGAUSDTM | −0.534% | +0.0100% | 4h | $231K | $117K | 50x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.534% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Pacifica MEGA | −0.501% | +0.0100% | 1h | $14K | $11K | 3x | as long as short |
| Backpack MEGA_USDC_PERP | −0.490% | +0.0100% | 1h | $15K | $40K | 5x | as long as short |
| Hyperliquid MEGA | −0.309% | +0.0532% | 1h | $7.5M | $2.5M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | −0.180% | +0.1368% | 1h | $6K | $5K | 50x | as long as short |
| Lighter MEGAlong | 0.000% | +0.0096% | 1h | $602K | $289K | 3x |