Spread before costs (cost unknown: a leg has no order-book sample)+0.015%
7d average—if it closes, per $10,000$1funding while held, a day+$0.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MEGA_USDC | 0.04398 | 0.0099 | pay 0.0050% / 4h | 2h 39m | $3K | $994 | 10x |
| Short | Binance MEGAUSDT | 0.04399 | 0.0100 | get 0.0050% / 4h | 2h 39m | $4.1M | $12.2M | 50x |
Orderly PERP_MEGA_USDC
Binance MEGAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $1.45
- Funding while held
- $0.02
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.52
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0001%
- Per $10,000 a day
- +$0.02
- Average in range /8h
- —
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 Binance live order book, 2 min ago | 2.28 bp | 24.5 bp −$24 | 113.8 bp −$1,138 | doesn't fit | doesn't fit |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.04384cheapestApeX Omni0.04388+0.091%Variational Omni0.04389+0.120%Backpack0.04392+0.182%Gate0.04393+0.205%OKX0.04395+0.251%Aster0.04395+0.254%Bybit0.04396+0.274%Nado0.04397+0.297%MEXC0.04397+0.297%BingX0.04397+0.297%Extended0.04398+0.319%KuCoin0.04398+0.319%Bitget0.04398+0.319%gTrade (Gains Network)0.04398+0.319%
BloFin
ApeX Omni
Variational Omni
Backpack
Gate
OKX
Aster
Bybit
Nado
MEXC
BingX
Extended
KuCoin
Bitget
gTrade (Gains Network)Orderly0.04398+0.319%
GMX0.04398+0.324%Pacifica0.04399+0.333%
GMX
PacificaBinance0.04399+0.334%
Reya0.04400+0.370%SunX0.04401+0.388%Phoenix0.04403+0.433%Coinbase International0.04408+0.559%Deribit0.04409+0.577%Hyperliquid0.04410+0.593%Lighter0.04418+0.776%Bulk0.04420+0.821%
Reya
SunX
Phoenix
Coinbase International
Deribit
Hyperliquid
Lighter
BulkMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MEGA-USDT | −0.318% | +0.0059% | 4h | $204K | $74K | 50x | as long as short |
| ApeX Omni MEGAUSDT | −0.227% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Variational Omni MEGA | −0.199% | +0.0100% | 4h | $232K | $102K | — | as long as short |
| Backpack MEGA_USDC_PERP | −0.136% | +0.0100% | 1h | $17K | $38K | 5x | as long as short |
| Gate MEGA_USDT | −0.114% | +0.0096% | 4h | $195K | $249K | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.068% | +0.0100% | 4h | $911K | $2.9M | 20x | as long as short |
| Aster MEGAUSDT | −0.065% | +0.0100% | 4h | $33K | $58K | 5x | as long as short |
| Bybit MEGAUSDT | −0.045% | +0.0100% | 4h | $3.2M | $4.5M | 20x | as long as short |
| Nado MEGA-PERP | −0.023% | +0.0041% | 1h | $191K | $153K | 2x | as long as short |
| MEXC MEGA_USDT | −0.023% | +0.0100% | 4h | $761K | $355K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MEGA-USDT | −0.023% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Extended MEGA-USD | −0.001% | +0.0104% | 1h | $132K | $605K | 5x | as long as short |
| KuCoin MEGAUSDTM | 0.000% | +0.0100% | 4h | $230K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | 0.000% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | 0.000% | L −0.0018% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Orderly PERP_MEGA_USDClong | 0.000% | +0.0099% | 4h | $3K | $994 | 10x | |
| GMX MEGA/USD [ETH-USDC] | +0.005% | L +0.0235% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.014% | +0.0100% | 1h | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.015% | +0.0100% | 4h | $4.1M | $12.2M | 50x | |
| Reya MEGARUSDPERP | +0.051% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| SunX MEGA-USDT | +0.068% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Phoenix MEGA | +0.114% | 0.0000% | 1h | $20K | $6K | 5x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.239% | +0.1192% | 1h | $7K | $6K | 50x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.257% | +0.1773% | 1h | $107 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.273% | +0.1365% | 1h | $7.5M | $2.4M | 3x | as long as short |
| Lighter MEGA | +0.455% | +0.0096% | 1h | $600K | $275K | 3x | as long as short |
| Bulk MEGA-USD | +0.500% | +0.0100% | 1h | $131K | $569 | 10x | as long as short |