Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h +0.006%

Price spread now: Gate against Nado+0.108%50s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$3363.359% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.108%, 7d avg −0.011%

Together, before fees−0.231%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.120% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04609	0.0038	pay 0.0005% / 1h	10m 40s	$199K	$136K	2x
Short	Gate MEGA_USDT	0.04614	0.0100	get 0.0050% / 4h	3h 10m	$202K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $12.92
Price spread: +0.108% → −0.011%: $11.97
Slippage, 4 orders: −$313.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$311.02
Costs to cover: 3.359%
Break-even: 175.5 days

Slippage from Nado: live order book, 62 min ago; Gate: live order book, 56 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, 62 min ago	2.22 bp	20.5 bp −$21	107.4 bp −$1,074	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	6.66 bp	196.2 bp −$196	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	−0.0048%	1h	0.04490	−2.573%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04605	−0.086%	$13K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04597	−0.260%	$21K	$7K	5x	as long as short
Nado MEGA-PERPlong	+0.0038%	1h	0.04609	long leg	$199K	$136K	2x
Aster MEGAUSDT	+0.0100%	4h	0.04609	+0.009%	$20K	$87K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04619	+0.228%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04619	+0.215%	$4.1M	$13.3M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04619	+0.217%	$3.6M	$5.3M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04619	+0.217%	$944K	$3.1M	20x	as long as short
Gate MEGA_USDTshort	+0.0100%	4h	0.04614	+0.108%	$202K	$315K	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04619	+0.217%	$861K	$362K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04620	+0.239%	$243K	$116K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04620	+0.239%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04620	+0.239%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04606	−0.071%	$325K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04601	−0.173%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04593	−0.347%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04603	−0.130%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04607	−0.043%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04565	−0.955%	$135K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04620	+0.238%	$130K	$822K	5x	as long as short
BloFin MEGA-USDT	+0.0136%	4h	0.04614	+0.108%	$199K	$78K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04607	−0.037%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04606	−0.074%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0348%	1h	0.04610	+0.022%	$19K	$41K	5x	as long as short
Lighter MEGA	+0.0960%	1h	0.04640	+0.673%	$653K	$325K	3x	as long as short
Hyperliquid MEGA	+0.1152%	1h	0.04630	+0.445%	$7.9M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2031%	1h	0.04614	+0.104%	$112	$15	25x	as long as short