Spread before costs (cost unknown: a leg has no order-book sample)+0.214%
7d average—if it closes, per $10,000$21funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MEGA | 0.04394 | 0.0100 | pay 0.0013% / 1h | 41m 38s | $14K | $10K | 3x |
| Short | Phoenix MEGA | 0.04403 | 0 | get 0.0000% / 1h | 41m 38s | $20K | $6K | 5x |
Pacifica MEGA
Phoenix MEGAPrice 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
- $21.39
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.39
- Spread needed to break even
- 0.150%
Slippage unknown: Pacifica: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Pacifica and Phoenix: 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.Nado0.04380cheapestReya0.04382+0.039%Orderly0.04385+0.103%Gate0.04386+0.126%gTrade (Gains Network)0.04386+0.126%GMX0.04386+0.132%OKX0.04387+0.148%Aster0.04388+0.171%Backpack0.04388+0.171%Extended0.04388+0.182%BingX0.04389+0.194%Bitget0.04390+0.217%SunX0.04390+0.217%Binance0.04391+0.240%KuCoin0.04391+0.240%Bybit0.04392+0.263%MEXC0.04392+0.263%
Nado
Reya
Orderly
Gate
gTrade (Gains Network)
GMX
OKX
Aster
Backpack
Extended
BingX
Bitget
SunX
Binance
KuCoin
Bybit
MEXCPacifica0.04394+0.299%
Deribit0.04396+0.354%Hyperliquid0.04403+0.511%
Deribit
HyperliquidPhoenix0.04403+0.514%
BloFin0.04407+0.605%Coinbase International0.04408+0.639%Lighter0.04412+0.719%ApeX Omni0.04412+0.719%Bulk0.04420+0.902%Variational Omni0.04429+1.111%
BloFin
Coinbase International
Lighter
ApeX Omni
Bulk
Variational OmniMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MEGA-PERP | −0.298% | +0.0038% | 1h | $189K | $152K | 2x | as long as short |
| Reya MEGARUSDPERP | −0.259% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Orderly PERP_MEGA_USDC | −0.196% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| Gate MEGA_USDT | −0.173% | +0.0074% | 4h | $195K | $249K | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.172% | L −0.0018% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.166% | L +0.0235% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| OKX MEGA-USDT-SWAP | −0.150% | +0.0100% | 4h | $910K | $2.8M | 20x | as long as short |
| Aster MEGAUSDT | −0.127% | +0.0100% | 4h | $33K | $58K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | −0.127% | +0.0100% | 1h | $17K | $38K | 5x | as long as short |
| Extended MEGA-USD | −0.116% | +0.0104% | 1h | $132K | $605K | 5x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MEGA-USDT | −0.105% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Bitget MEGAUSDT | −0.082% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
| SunX MEGA-USDT | −0.082% | +0.0100% | 4h | $1K | $1.9M | 10x | as long as short |
| Binance MEGAUSDT | −0.059% | +0.0100% | 4h | $4.0M | $12.2M | 50x | as long as short |
| KuCoin MEGAUSDTM | −0.059% | +0.0100% | 4h | $229K | $114K | 50x | as long as short |
| Bybit MEGAUSDT | −0.036% | +0.0100% | 4h | $3.2M | $4.5M | 20x | as long as short |
| MEXC MEGA_USDT | −0.036% | +0.0100% | 4h | $771K | $354K | 50x | as long as short |
| Pacifica MEGAlong | 0.000% | +0.0100% | 1h | $14K | $10K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.055% | +0.2053% | 1h | $106 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.212% | +0.1372% | 1h | $7.4M | $2.5M | 3x | as long as short |
| Phoenix MEGAshort | +0.214% | 0.0000% | 1h | $20K | $6K | 5x | |
| BloFin MEGA-USDT | +0.305% | +0.0084% | 4h | $205K | $74K | 50x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.339% | +0.1192% | 1h | $7K | $6K | 50x | as long as short |
| Lighter MEGA | +0.419% | +0.0112% | 1h | $599K | $275K | 3x | as long as short |
| ApeX Omni MEGAUSDT | +0.419% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Bulk MEGA-USD | +0.601% | +0.0100% | 1h | $131K | $569 | 10x | as long as short |
| Variational Omni MEGA | +0.809% | +0.0100% | 4h | $233K | $102K | — | as long as short |