MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0407%/8h= −44.6% APRnext payment −$2.03 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against OKX+0.066%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1661.663% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.066%, 7d avg +0.017%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.048% dearer against OKX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.017%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.126% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEGA-USDT-SWAP	0.04580	0.0100	pay 0.0050% / 4h	3h 58m	$919K	$3.2M	20x
Short	Bybit MEGAUSDT	0.04583	−0.0307	pay 0.0153% / 4h	3h 58m	$3.5M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$85.45
Price spread: +0.066% → +0.017%: $4.83
Slippage, 4 orders: −$145.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$246.93
Costs to cover: 1.663%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	3.27 bp	30.3 bp −$30	143.9 bp −$1,439	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.43 bp	55.2 bp −$55	147.4 bp −$1,474	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
Bybit MEGAUSDTshort	−0.0307%	4h	0.04583	+0.066%	$3.5M	$5.9M	20x
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04587	+0.152%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0038%	1h	0.04587	+0.153%	$197K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04583	+0.062%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04591	+0.238%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04581	+0.023%	$4.1M	$13.8M	50x	as long as short
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04580	long leg	$919K	$3.2M	20x
Bulk MEGA-USD	+0.0100%	1h	0.04590	+0.218%	$136K	−$0	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04584	+0.087%	$206K	$321K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04583	+0.066%	$759K	$400K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04585	+0.109%	$244K	$124K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04584	+0.087%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04580	0.000%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04586	+0.131%	$17K	$55K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04592	+0.259%	$324K	$223K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04593	+0.284%	$22K	$2.0M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04604	+0.524%	$24K	$226K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04584	+0.087%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04583	+0.066%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04581	+0.018%	$129K	$799K	5x	as long as short
BloFin MEGA-USDT	+0.0120%	4h	0.04591	+0.240%	$203K	$96K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04587	+0.150%	$3	—	3x	as long as short
Phoenix MEGA	+0.0175%	1h	0.04608	+0.611%	$21K	$6K	5x	as long as short
Hyperliquid MEGA	+0.0229%	1h	0.04591	+0.236%	$7.9M	$2.6M	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04587	+0.142%	$3K	—	45x	as long as short
Lighter MEGA	+0.0832%	1h	0.04605	+0.546%	$615K	$380K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0905%	1h	0.04594	+0.317%	$111	$15	25x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1296%	1h	0.04589	+0.207%	$5K	$12K	50x	as long as short