Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.5253%/8hpaid last 24h +0.879%

Price spread now: GMX against MEXC−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.036% cheaper against MEXC than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about under an hour of funding at the current rate (+$158 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MEGA_USDT	0.04416	0.0100	pay 0.0050% / 4h	46m 38s	$786K	$356K	50x
Short	GMX MEGA/USD [ETH-USDC]	0.04414	L +0.0235% / S −0.5353%	get 0.0669% / 1h	46m 38s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $1,103.09
Price spread: −0.036% → 0.000%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,087.47
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: 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 MEXC live order book, 2 min ago	1.13 bp	7.5 bp −$8	40.9 bp −$409	171.7 bp −$17.2K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04415	−0.028%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04416	0.000%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0004%	1h	0.04417	+0.034%	$191K	$162K	2x	as long as short
BloFin MEGA-USDT	+0.0042%	4h	0.04411	−0.113%	$203K	$76K	50x	as long as short
Backpack MEGA_USDC_PERP	+0.0070%	1h	0.04416	0.000%	$14K	$41K	5x	as long as short
Orderly PERP_MEGA_USDC	+0.0095%	4h	0.04412	−0.091%	$3K	$2K	10x	as long as short
Lighter MEGA	+0.0096%	1h	0.04439	+0.521%	$594K	$293K	3x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04418	+0.034%	$23K	$79K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04420	+0.088%	$14K	$11K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04417	+0.029%	$4.0M	$12.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MEGAUSDT	+0.0100%	4h	0.04418	+0.045%	$3.2M	$4.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04418	+0.045%	$915K	$3.0M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04410	−0.136%	$131K	−$0	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04419	+0.068%	$181K	$269K	20x	as long as short
MEXC MEGA_USDTlong	+0.0100%	4h	0.04416	long leg	$786K	$356K	50x
KuCoin MEGAUSDTM	+0.0100%	4h	0.04419	+0.068%	$228K	$115K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04422	+0.136%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04417	+0.023%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04411	−0.115%	$236K	$105K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04413	−0.068%	$21K	$1.5M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04414	−0.045%	$24K	$228K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04411	−0.113%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04417	+0.027%	$125K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04419	+0.066%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0235% / S −0.5353%	1h	0.04414	−0.036%	$3K	—	45x
Deribit MEGA_USDC-PERPETUAL	+0.0430%	1h	0.04418	+0.038%	$107	$15	25x	as long as short
Hyperliquid MEGA	+0.0990%	1h	0.04428	+0.283%	$7.5M	$2.5M	3x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1424%	1h	0.04400	−0.356%	$5K	$12K	50x	as long as short