Spread before costs (cost unknown: a leg has no order-book sample)−0.039%
7d average—if it closes, per $10,000$4funding while held, a day−$2.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MEGA | 0.04503 | 0.0177 | pay 0.0022% / 1h | 31m 34s | $20K | $6K | 5x |
| Short | Extended MEGA-USD | 0.04501 | 0.0104 | get 0.0013% / 1h | 31m 34s | $136K | $605K | 5x |
Phoenix MEGA
Extended MEGA-USDPrice 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
- −$3.89
- Funding while held
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$18.08
- Spread needed to break even
- 0.120%
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0073%
- Per $10,000 a day
- −$2.19
- 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 Extended live order book, 13 min ago | 4.42 bp | 56.3 bp −$56 | 418.8 bp −$4,188 | 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.BingX0.04499cheapestOKX0.04500+0.022%Variational Omni0.04500+0.030%Gate0.04501+0.044%
BingX
OKX
Variational Omni
GateExtended0.04501+0.050%
MEXC0.04502+0.067%ApeX Omni0.04502+0.067%KuCoin0.04503+0.089%
MEXC
ApeX Omni
KuCoinPhoenix0.04503+0.089%
Aster0.04503+0.094%Bybit0.04504+0.111%Binance0.04505+0.128%Bulk0.04505+0.133%Bitget0.04505+0.133%BloFin0.04505+0.133%Pacifica0.04507+0.173%Nado0.04508+0.200%Backpack0.04509+0.222%Reya0.04511+0.272%Orderly0.04513+0.311%GMX0.04513+0.313%gTrade (Gains Network)0.04513+0.322%SunX0.04520+0.467%Hyperliquid0.04521+0.491%Deribit0.04524+0.560%Lighter0.04526+0.600%Coinbase International0.04581+1.818%
Aster
Bybit
Binance
Bulk
Bitget
BloFin
Pacifica
Nado
Backpack
Reya
Orderly
GMX
gTrade (Gains Network)
SunX
Hyperliquid
Deribit
Lighter
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MEGA-USDT | −0.089% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| OKX MEGA-USDT-SWAP | −0.067% | +0.0100% | 4h | $914K | $2.8M | 20x | as long as short |
| Variational Omni MEGA | −0.059% | +0.0100% | 4h | $239K | $101K | — | as long as short |
| Gate MEGA_USDT | −0.044% | +0.0100% | 4h | $200K | $234K | 20x | as long as short |
| Extended MEGA-USDshort | −0.039% | +0.0104% | 1h | $136K | $605K | 5x | |
| MEXC MEGA_USDT | −0.022% | +0.0100% | 4h | $733K | $336K | 50x | as long as short |
| ApeX Omni MEGAUSDT | −0.022% | +0.0100% | 1h | $28K | $222K | 50x | as long as short |
| KuCoin MEGAUSDTM | 0.000% | +0.0100% | 4h | $237K | $106K | 50x | as long as short |
| Phoenix MEGAlong | 0.000% | +0.0177% | 1h | $20K | $6K | 5x | |
| Aster MEGAUSDT | +0.005% | +0.0100% | 4h | $33K | $57K | 5x | as long as short |