Spread before costs (cost unknown: a leg has no order-book sample)−0.355%
7d average—if it closes, per $10,000$35funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MEGA | 0.04403 | 0 | get 0.0000% / 1h | 40m 58s | $20K | $6K | 5x |
| Short | Binance MEGAUSDT | 0.04387 | 0.0100 | get 0.0050% / 4h | 2h 40m | $4.0M | $12.2M | 50x |
Phoenix MEGA
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
- −$35.49
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.49
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 16 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 2.25 bp | 22.1 bp −$22 | 76.6 bp −$766 | doesn't fit | doesn't fit |
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.Gate0.04380cheapestExtended0.04383+0.079%BloFin0.04384+0.091%Bybit0.04385+0.114%Bitget0.04385+0.114%Aster0.04386+0.141%
Gate
Extended
BloFin
Bybit
Bitget
AsterBinance0.04387+0.168%
OKX0.04388+0.183%MEXC0.04388+0.183%KuCoin0.04388+0.183%Orderly0.04388+0.183%Nado0.04388+0.194%GMX0.04389+0.196%Reya0.04389+0.199%Backpack0.04389+0.205%gTrade (Gains Network)0.04389+0.205%BingX0.04390+0.228%SunX0.04393+0.297%Pacifica0.04394+0.311%Hyperliquid0.04396+0.377%Deribit0.04397+0.386%
OKX
MEXC
KuCoin
Orderly
Nado
GMX
Reya
Backpack
gTrade (Gains Network)
BingX
SunX
Pacifica
Hyperliquid
DeribitPhoenix0.04403+0.525%
Lighter0.04408+0.639%Coinbase International0.04408+0.651%ApeX Omni0.04412+0.731%Bulk0.04420+0.913%Variational Omni0.04429+1.122%
Lighter
Coinbase International
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 | |
|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | −0.522% | +0.0074% | 4h | $195K | $249K | 20x | as long as short |
| Extended MEGA-USD | −0.443% | +0.0104% | 1h | $132K | $605K | 5x | as long as short |
| BloFin MEGA-USDT | −0.432% | +0.0059% | 4h | $204K | $74K | 50x | as long as short |
| Bybit MEGAUSDT | −0.409% | +0.0076% | 4h | $3.2M | $4.5M | 20x | as long as short |
| Bitget MEGAUSDT | −0.409% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
| Aster MEGAUSDT | −0.382% | +0.0100% | 4h | $33K | $58K | 5x | as long as short |
| Binance MEGAUSDTshort | −0.355% | +0.0100% | 4h | $4.0M | $12.2M | 50x | |
| OKX MEGA-USDT-SWAP | −0.341% | +0.0100% | 4h | $908K | $2.8M | 20x | as long as short |
| MEXC MEGA_USDT | −0.341% | +0.0100% | 4h | $770K | $354K | 50x | as long as short |
| KuCoin MEGAUSDTM | −0.341% | +0.0100% | 4h | $229K | $114K | 50x | as long as short |