Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Orderly−0.079%49s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.079% cheaper against Orderly than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Orderly PERP_MEGA_USDC	0.04582	0.0100	pay 0.0050% / 4h	2h 29m	$3K	$2K	10x
Short	Aster MEGAUSDT	0.04578	0.0100	get 0.0050% / 4h	2h 29m	$18K	$90K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Orderly and Aster: 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 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	−1.999%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04577	−0.112%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0065%	1h	0.04577	−0.098%	$198K	$140K	2x	as long as short
Aster MEGAUSDTshort	+0.0100%	4h	0.04578	−0.079%	$18K	$90K	5x
Pacifica MEGA	+0.0100%	1h	0.04580	−0.039%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04580	−0.044%	$4.1M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04576	−0.131%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04576	−0.131%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.698%	$134K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04575	−0.153%	$203K	$319K	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	0.04579	−0.065%	$828K	$364K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04581	−0.022%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04578	−0.087%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04576	−0.131%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	+0.006%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04569	−0.284%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04568	−0.306%	$24K	$233K	50x	as long as short
Orderly PERP_MEGA_USDClong	+0.0100%	4h	0.04582	long leg	$3K	$2K	10x
SunX MEGA-USDT	+0.0100%	4h	0.04580	−0.044%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04576	−0.136%	$131K	$830K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04577	−0.113%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04594	+0.262%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04577	−0.107%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0610%	1h	0.04588	+0.131%	$18K	$46K	5x	as long as short
Lighter MEGA	+0.1312%	1h	0.04601	+0.415%	$650K	$329K	3x	as long as short
Hyperliquid MEGA	+0.1912%	1h	0.04595	+0.282%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2194%	1h	0.04594	+0.253%	$111	$15	25x	as long as short