Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.007%

Price spread now: Binance against Nado+0.153%7-day average −0.006% · 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−$84as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−1.059%−$106 · spread now +0.153%, 7d avg −0.006%

Together, before fees−1.000%+ Points / potential airdropNado: Active · farm board−$100 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.159% dearer against Nado than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04575	0.0065	pay 0.0008% / 1h	22m 49s	$198K	$140K	2x
Short	Binance MEGAUSDT	0.04582	0.0100	get 0.0050% / 4h	2h 22m	$4.1M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.153%Rate

Funding earned: $7.27
Price spread: +0.153% → −0.006%: $15.91
Slippage, 4 orders: −$82.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.49
Costs to cover: 0.997%
Break-even: 80.7 days

Slippage from Nado: live order book, 45 min ago; Binance: live order book, 3 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 Nado live order book, 45 min ago	4.32 bp	22.5 bp −$23	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.18 bp	29.7 bp −$30	113.5 bp −$1,135	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	−1.849%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04574	−0.025%	$1K	—	150x	as long as short
Nado MEGA-PERPlong	+0.0065%	1h	0.04575	long leg	$198K	$140K	2x
Aster MEGAUSDT	+0.0100%	4h	0.04578	+0.055%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04581	+0.127%	$14K	$9K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04582	+0.153%	$4.1M	$13.5M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04579	+0.087%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04579	+0.087%	$940K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04585	+0.218%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04577	+0.044%	$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_USDT	+0.0100%	4h	0.04582	+0.153%	$828K	$365K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04585	+0.219%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04581	+0.131%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	+0.087%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04579	+0.093%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04579	+0.087%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04582	+0.153%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04576	+0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04581	+0.131%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04582	+0.159%	$131K	$830K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04574	−0.016%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04583	+0.175%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04575	−0.004%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0664%	1h	0.04581	+0.131%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1320%	1h	0.04602	+0.590%	$650K	$329K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1564%	1h	0.04584	+0.205%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.1869%	1h	0.04594	+0.415%	$7.9M	$2.5M	3x	as long as short