Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h +0.133%
Price spread now: Coinbase International against Pacifica+2.241%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread pays, funding is against you. Coinbase International is 2.241% dearer against Pacifica than usual: you sell high and buy low (spread +2.241% now, against zero (this spread has no 7-day history yet)): +$224 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 50 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MEGA0.044890.0100pay 0.0013% / 1h23m 48s$14K$9K3x
ShortCoinbase International MEGA-PERP-INTX0.04589−0.0048pay 0.0006% / 1h23m 48s$5K$12K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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

Funding earned
−$31.08
Price spread: +2.241% → 0.000%
$224.11
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$175.03
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Pacifica: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell Coinbase International no order-book sample
Pacifica and Coinbase International: 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 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTXshort−0.0048%1h0.04589+2.241%$5K$12K50x
Bybit MEGAUSDT−0.0012%4h0.04489+0.002%$3.4M$5.9M20xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04492+0.064%$1K150xas long as short
BloFin MEGA-USDT+0.0049%4h0.04484−0.109%$198K$92K50xas long as short
Nado MEGA-PERP+0.0058%1h0.04489+0.002%$193K$141K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04491+0.055%$18K$91K5xas long as short
Pacifica MEGAlong+0.0100%1h0.04489long leg$14K$9K3x
Binance MEGAUSDT+0.0100%4h0.04492+0.069%$3.9M$13.8M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04490+0.025%$911K$3.1M20xas long as short
Gate MEGA_USDT+0.0100%4h0.04490+0.025%$201K$331K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04490+0.025%$811K$397K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04491+0.047%$227K$120K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04491+0.047%$1.0M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04491+0.047%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04491+0.047%$18K$56K5xas long as short
Variational Omni MEGA+0.0100%4h0.04482−0.148%$316K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04497+0.182%$28K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04484−0.109%$23K$228K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04493+0.091%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04491+0.047%$1K$1.9M10xas long as short
Bulk MEGA-USD+0.0100%1h0.04501+0.260%$133K$11110xas long as short
Extended MEGA-USD+0.0104%1h0.04488−0.015%$126K$431K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04491+0.042%$33xas long as short
Phoenix MEGA+0.0177%1h0.04492+0.069%$20K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04492+0.067%$3K45xas long as short
Lighter MEGA+0.0360%1h0.04515+0.581%$615K$366K3xas long as short
Hyperliquid MEGA+0.0429%1h0.04497+0.183%$7.8M$2.6M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1019%1h0.04499+0.223%$109$1525xas long as short