Spread before costs (cost unknown: a leg has no order-book sample)−0.189%
7d average—if it closes, per $10,000$19funding while held, a day+$155.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MEGA | 0.04451 | 0.0184 | pay 0.0023% / 1h | 58m 12s | $20K | $6K | 5x |
| Short | GMX MEGA/USD [ETH-USDC] | 0.04443 | L +0.0236% / S −0.5353% | get 0.0669% / 1h | 58m 12s | $3K | — | 45x |
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]Price 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
- −$18.87
- Funding while held
- $155.07
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $117.2
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.5169%
- Per $10,000 a day
- +$155.07
- 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 GMX no order-book sample | — | — | — | — | — |
Phoenix and GMX: 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.Aster0.04438cheapestSunX0.04439+0.021%Bybit0.04440+0.044%MEXC0.04440+0.044%BingX0.04440+0.044%Orderly0.04440+0.044%Extended0.04441+0.063%Binance0.04441+0.066%Gate0.04441+0.066%Reya0.04441+0.069%Nado0.04441+0.078%Pacifica0.04442+0.080%
Aster
SunX
Bybit
MEXC
BingX
Orderly
Extended
Binance
Gate
Reya
Nado
PacificaGMX0.04443+0.102%
gTrade (Gains Network)0.04443+0.110%OKX0.04443+0.111%KuCoin0.04443+0.111%Bitget0.04443+0.111%Bulk0.04445+0.157%Backpack0.04445+0.157%Deribit0.04447+0.199%
gTrade (Gains Network)
OKX
KuCoin
Bitget
Bulk
Backpack
DeribitPhoenix0.04451+0.292%
Hyperliquid0.04453+0.328%BloFin0.04453+0.337%Variational Omni0.04454+0.351%ApeX Omni0.04455+0.382%Lighter0.04464+0.585%Coinbase International0.04478+0.893%
Hyperliquid
BloFin
Variational Omni
ApeX Omni
Lighter
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MEGAUSDT | −0.291% | +0.0100% | 4h | $27K | $71K | 5x | as long as short |
| SunX MEGA-USDT | −0.270% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Bybit MEGAUSDT | −0.247% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| MEXC MEGA_USDT | −0.247% | +0.0100% | 4h | $790K | $356K | 50x | as long as short |
| BingX MEGA-USDT | −0.247% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Orderly PERP_MEGA_USDC | −0.247% | +0.0098% | 4h | $3K | $961 | 10x | as long as short |
| Extended MEGA-USD | −0.228% | +0.0104% | 1h | $134K | $602K | 5x | as long as short |
| Binance MEGAUSDT | −0.225% | +0.0100% | 4h | $4.0M | $12.9M | 50x | as long as short |
| Gate MEGA_USDT | −0.225% | +0.0100% | 4h | $181K | $268K | 20x | as long as short |
| Reya MEGARUSDPERP | −0.222% | +0.0159% | 1h | $3 | — | 3x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MEGA-PERP | −0.213% | −0.0013% | 1h | $192K | $161K | 2x | as long as short |
| Pacifica MEGA | −0.211% | +0.0100% | 1h | $14K | $11K | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC]short | −0.189% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | |
| gTrade (Gains Network) MEGA/USD | −0.181% | L −0.0035% / S +0.0023% | 1h | $17K | — | 150x | as long as short |
| OKX MEGA-USDT-SWAP | −0.180% | +0.0100% | 4h | $920K | $3.0M | 20x | as long as short |
| KuCoin MEGAUSDTM | −0.180% | +0.0100% | 4h | $230K | $114K | 50x | as long as short |
| Bitget MEGAUSDT | −0.180% | +0.0100% | 4h | $1.1M | $1.4M | 50x | as long as short |
| Bulk MEGA-USD | −0.135% | +0.0100% | 1h | $132K | −$0 | 10x | as long as short |
| Backpack MEGA_USDC_PERP | −0.135% | +0.0100% | 1h | $14K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | −0.092% | +0.0515% | 1h | $108 | $15 | 25x | as long as short |
| Phoenix MEGAlong | 0.000% | +0.0184% | 1h | $20K | $6K | 5x | |
| Hyperliquid MEGA | +0.036% | +0.0793% | 1h | $7.5M | $2.5M | 3x | as long as short |
| BloFin MEGA-USDT | +0.045% | +0.0080% | 4h | $202K | $77K | 50x | as long as short |
| Variational Omni MEGA | +0.059% | +0.0100% | 4h | $239K | $105K | — | as long as short |
| ApeX Omni MEGAUSDT | +0.090% | +0.0100% | 1h | $24K | $228K | 50x | as long as short |
| Lighter MEGA | +0.292% | +0.0248% | 1h | $599K | $292K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.600% | +0.1424% | 1h | $8K | $9K | 50x | as long as short |