Funding you earn now, next payment 23:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.004%
Price spread now: Aster against Phoenix+0.124%115s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.124% dearer against Phoenix than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. The two prices were read 115 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 | Phoenix MEGA | 0.04507 | 0.0355 | pay 0.0044% / 1h | 7m 32s | $21K | $7K | 5x |
| Short | Aster MEGAUSDT | 0.04513 | 0.0100 | get 0.0050% / 4h | 7m 32s | $18K | $83K | 5x |
Phoenix MEGA
Aster MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.55
- Price spread: +0.124% → 0.000%
- $12.38
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$56.17
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Phoenix 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 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04520 | +0.288% | $12K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0096% | 4h | 0.04504 | −0.067% | $3.5M | $5.0M | 20x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04519 | +0.266% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDTshort | +0.0100% | 4h | 0.04513 | +0.124% | $18K | $83K | 5x | |
| Pacifica MEGA | +0.0100% | 1h | 0.04517 | +0.222% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04508 | +0.031% | $3.9M | $12.9M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04505 | −0.044% | $919K | $2.9M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04515 | +0.175% | $133K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04508 | +0.022% | $196K | $313K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04510 | +0.067% | $768K | $355K | 50x | as long as short |
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
Orderly PERP_MEGA_USDC
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04515 | +0.178% | $238K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04510 | +0.067% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04505 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04504 | −0.059% | $226K | $133K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04520 | +0.288% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04519 | +0.266% | $25K | $231K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04518 | +0.244% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04506 | −0.031% | $128K | $613K | 5x | as long as short |
| Nado MEGA-PERP | +0.0104% | 1h | 0.04519 | +0.255% | $195K | $135K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0110% | 4h | 0.04508 | +0.022% | $195K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04518 | +0.241% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04521 | +0.311% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0296% | 1h | 0.04490 | −0.368% | $5K | $12K | 50x | as long as short |
| Phoenix MEGAlong | +0.0355% | 1h | 0.04507 | long leg | $21K | $7K | 5x | |
| Backpack MEGA_USDC_PERP | +0.0398% | 1h | 0.04523 | +0.355% | $18K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0790% | 1h | 0.04526 | +0.419% | $110 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.0905% | 1h | 0.04526 | +0.415% | $7.7M | $2.4M | 3x | as long as short |
| Lighter MEGA | +0.1280% | 1h | 0.04540 | +0.732% | $638K | $320K | 3x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Nado MEGA-PERP
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA
Lighter MEGA