Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.7% APRnext payment $0.11 per $10,000 · paid last 24h +0.222%
Price spread now: Coinbase International against Nado−2.942%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 2.942% cheaper against Nado than usual: you would sell low and buy high (−$294 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MEGA-PERP0.046270.0040pay 0.0005% / 1h7m 09s$200K$136K2x
ShortCoinbase International MEGA-PERP-INTX0.04490−0.0048pay 0.0006% / 1h7m 09s$5K$12K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$18.58
Price spread: −2.942% → 0.000%
−$294.17
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$329.76
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 65 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 65 min ago2.22 bp20.5 bp −$21107.4 bp −$1,074doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTXshort−0.0048%1h0.04490−2.942%$5K$12K50x
Phoenix MEGA0.0000%1h0.04610−0.357%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04622−0.098%$1K150xas long as short
Nado MEGA-PERPlong+0.0040%1h0.04627long leg$200K$136K2x
BloFin MEGA-USDT+0.0043%4h0.04644+0.378%$202K$90K50xas long as short
Aster MEGAUSDT+0.0100%4h0.04624−0.054%$20K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04631+0.099%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04624−0.054%$4.1M$13.3M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04621−0.119%$3.6M$5.3M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04618−0.184%$944K$3.1M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04628+0.034%$137K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04620−0.140%$202K$315K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04623−0.076%$860K$363K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04623−0.076%$243K$116K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04623−0.076%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04623−0.076%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04606−0.449%$325K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04623−0.078%$22K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04620−0.140%$25K$231K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04622−0.097%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04625−0.032%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04621−0.122%$130K$822K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04623−0.070%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04622−0.099%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0391%1h0.04627+0.011%$19K$41K5xas long as short
Lighter MEGA+0.1000%1h0.04645+0.400%$653K$325K3xas long as short
Hyperliquid MEGA+0.1236%1h0.04638+0.249%$8.0M$2.5M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1784%1h0.04632+0.108%$112$1525xas long as short