Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+0.022%7-day average +0.108% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+2.411%+$241 · spread now +0.022%, 7d avg +0.108%

Together, before fees+2.424%+$242 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: SunX is 0.086% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEGA-USDT-SWAP	0.04479	0.0100	pay 0.0050% / 4h	1h 20m	$913K	$2.9M	20x
Short	SunX MEGA-USDT	0.04480	0.0100	get 0.0050% / 4h	1h 20m	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.108%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; SunX: live order book, 5 min ago. Net counts fees only.

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, 1 min ago	1.12 bp	34.0 bp −$34	166.7 bp −$1,667	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	504.26 bp	doesn't fit	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	−0.0144%	1h	0.04490	+0.255%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04478	−0.022%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04476	−0.078%	$193K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0069%	4h	0.04465	−0.313%	$195K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04478	−0.022%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04485	+0.136%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04476	−0.065%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04479	0.000%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04477	−0.045%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAPlong	+0.0100%	4h	0.04479	long leg	$913K	$2.9M	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04453	−0.572%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04484	+0.112%	$192K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04480	+0.022%	$761K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04478	−0.022%	$236K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04482	+0.067%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04486	+0.156%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04451	−0.615%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04462	−0.377%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04459	−0.447%	$24K	$230K	50x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04480	+0.022%	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04479	−0.008%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04479	+0.010%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04467	−0.268%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04477	−0.045%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0408%	1h	0.04485	+0.134%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1335%	1h	0.04488	+0.203%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1894%	1h	0.04487	+0.183%	$109	$15	25x	as long as short
Lighter MEGA	+0.2816%	1h	0.04501	+0.491%	$633K	$323K	3x	as long as short