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: Bitget against MEXC+0.152%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.152%, 7d avg +0.014%

Together, before fees−0.080%−$8 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: Bitget is 0.138% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04610	0.0100	pay 0.0050% / 4h	3h 10m	$859K	$362K	50x
Short	Bitget MEGAUSDT	0.04617	0.0100	get 0.0050% / 4h	3h 10m	$1.1M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.014%: $13.76
Slippage, 4 orders: −$57.92
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.17
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; Bitget: live order book, 1 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 MEXC live order book, 55 min ago	1.11 bp	9.5 bp −$9	41.4 bp −$414	136.4 bp −$13.6K	doesn't fit
Sell Bitget live order book, 1 min ago	6.51 bp	25.9 bp −$26	166.8 bp −$1,668	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	−2.594%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04605	−0.108%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04597	−0.282%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0038%	1h	0.04609	−0.022%	$199K	$136K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04607	−0.062%	$20K	$87K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04613	+0.056%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04614	+0.092%	$4.1M	$13.3M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04615	+0.108%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04612	+0.043%	$942K	$3.1M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04611	+0.022%	$202K	$315K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDTlong	+0.0100%	4h	0.04610	long leg	$859K	$362K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04611	+0.022%	$242K	$116K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04617	+0.152%	$1.1M	$1.5M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04615	+0.108%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04606	−0.092%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04601	−0.194%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04593	−0.369%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04603	−0.152%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04607	−0.065%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	−0.976%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04609	−0.012%	$130K	$822K	5x	as long as short
BloFin MEGA-USDT	+0.0136%	4h	0.04614	+0.087%	$199K	$78K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04607	−0.059%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04606	−0.095%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0348%	1h	0.04610	0.000%	$19K	$41K	5x	as long as short
Lighter MEGA	+0.0960%	1h	0.04629	+0.412%	$651K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1152%	1h	0.04630	+0.423%	$7.9M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2031%	1h	0.04614	+0.082%	$112	$15	25x	as long as short