Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.022%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2252.252% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.022%, 7d avg −0.002%

Together, before fees+0.058%+$6 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: Gate is 0.020% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04451	0.0100	pay 0.0050% / 4h	2h 28m	$773K	$353K	50x
Short	Gate MEGA_USDT	0.04450	0.0100	get 0.0050% / 4h	2h 28m	$190K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.002%: −$2.03
Slippage, 4 orders: −$210.25
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$227.27
Costs to cover: 2.252%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; Gate: live order book, 55 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	1.12 bp	9.4 bp −$9	59.2 bp −$592	212.9 bp −$21.3K	doesn't fit
Sell Gate live order book, 55 min ago	2.24 bp	141.8 bp −$142	doesn't fit	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	−0.0288%	1h	0.04400	−1.139%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04443	−0.190%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04423	−0.629%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0061%	1h	0.04443	−0.169%	$192K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04442	−0.202%	$3K	$2K	10x	as long as short
BloFin MEGA-USDT	+0.0098%	4h	0.04415	−0.809%	$195K	$75K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04444	−0.166%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04453	+0.036%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04452	+0.012%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04450	−0.022%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04453	+0.045%	$909K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04420	−0.696%	$130K	$5K	10x	as long as short
Gate MEGA_USDTshort	+0.0100%	4h	0.04450	−0.022%	$190K	$310K	20x
MEXC MEGA_USDTlong	+0.0100%	4h	0.04451	long leg	$773K	$353K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04452	+0.022%	$234K	$111K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04454	+0.067%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04452	+0.022%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04446	−0.112%	$16K	$40K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04413	−0.847%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04416	−0.782%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04417	−0.764%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04445	−0.135%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04452	+0.023%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04443	−0.173%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04442	−0.213%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1280%	1h	0.04455	+0.099%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1325%	1h	0.04451	−0.004%	$108	$15	25x	as long as short
Lighter MEGA	+0.2696%	1h	0.04473	+0.494%	$619K	$321K	3x	as long as short