Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against MEXC+0.065%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.065%, 7d avg +0.044%

Together, before fees−0.075%−$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: Bulk is 0.021% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04582	0.0100	pay 0.0050% / 4h	2h 22m	$828K	$365K	50x
Short	Bulk MEGA-USD	0.04585	0.0100	get 0.0013% / 1h	22m 50s	$135K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.044%: $2.05
Slippage, 4 orders: −$78.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$83.5
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from MEXC: live order book, 38 min ago; Bulk: live order book, 46 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, 38 min ago	1.09 bp	12.0 bp −$12	62.1 bp −$621	176.6 bp −$17.7K	doesn't fit
Sell Bulk live order book, 46 min ago	10.81 bp	35.0 bp −$35	118.4 bp −$1,184	doesn't fit	doesn't fit

MEGA on 27 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	−0.0432%	1h	0.04490	−1.999%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04574	−0.178%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0065%	1h	0.04575	−0.153%	$198K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04578	−0.098%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04581	−0.026%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04582	0.000%	$4.1M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04579	−0.065%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04579	−0.065%	$940K	$3.1M	20x	as long as short
Bulk MEGA-USDshort	+0.0100%	1h	0.04585	+0.065%	$135K	$4K	10x
Gate MEGA_USDT	+0.0100%	4h	0.04577	−0.109%	$203K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDTlong	+0.0100%	4h	0.04582	long leg	$828K	$365K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04585	+0.065%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04581	−0.022%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	−0.065%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04579	−0.060%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04579	−0.066%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04582	0.000%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04576	−0.131%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04581	−0.022%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04582	+0.006%	$131K	$830K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04574	−0.169%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04583	+0.022%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04575	−0.157%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0664%	1h	0.04581	−0.022%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1320%	1h	0.04602	+0.436%	$650K	$329K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1564%	1h	0.04584	+0.052%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.1869%	1h	0.04594	+0.262%	$7.9M	$2.5M	3x	as long as short