Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX−0.088%110s7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.071% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.889%+$89 · spread now −0.088%, 7d avg +0.080%

Together, before fees+0.903%+$90 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: ApeX Omni is 0.167% cheaper against OKX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.080%. The two prices were read 110 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	OKX MEGA-USDT-SWAP	0.04561	0.0100	pay 0.0050% / 4h	1h 59m	$938K	$3.1M	20x
Short	ApeX Omni MEGAUSDT	0.04557	0.0100	get 0.0013% / 1h	59m 37s	$24K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.080%: −$16.75
Slippage, 4 orders: −$87.11
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$123.86
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 2 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 OKX live order book, 3 min ago	3.29 bp	41.0 bp −$41	170.8 bp −$1,708	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	6.57 bp	16.6 bp −$17	142.3 bp −$1,423	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	−1.548%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04557	−0.078%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04561	0.000%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04559	−0.047%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04561	+0.002%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04560	−0.017%	$4.0M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04561	0.000%	$3.6M	$5.5M	20x	as long as short
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04561	long leg	$938K	$3.1M	20x
Bulk MEGA-USD	+0.0100%	1h	0.04567	+0.132%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04557	−0.088%	$202K	$317K	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	0.04561	0.000%	$815K	$362K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04564	+0.066%	$238K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04563	+0.044%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04561	0.000%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04563	+0.048%	$322K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04561	0.000%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04557	−0.088%	$24K	$229K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04557	−0.088%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04565	+0.088%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04560	−0.013%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04558	−0.072%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04562	+0.022%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04556	−0.103%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0626%	1h	0.04563	+0.044%	$18K	$46K	5x	as long as short
Hyperliquid MEGA	+0.0793%	1h	0.04572	+0.246%	$7.9M	$2.6M	3x	as long as short
Lighter MEGA	+0.1240%	1h	0.04583	+0.482%	$648K	$329K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2141%	1h	0.04569	+0.171%	$111	$15	25x	as long as short