Spread before costs (cost unknown: a leg has no order-book sample)−0.873%
7d average—if it closes, per $10,000$87funding while held, a day−$2.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MEGA | 0.04468 | 0.0177 | pay 0.0022% / 1h | 17m 52s | $20K | $6K | 5x |
| Short | KuCoin MEGAUSDTM | 0.04429 | 0.0100 | get 0.0050% / 4h | 3h 17m | $234K | $109K | 50x |
Phoenix MEGA
KuCoin MEGAUSDTMPrice 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
- −$87.29
- Funding while held
- −$2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$108.6
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 30 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0077%
- Per $10,000 a day
- −$2.31
- 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 KuCoin live order book, 30 min ago | 14.28 bp | 271.2 bp −$271 | doesn't fit | 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.Reya0.04426cheapestAster0.04426+0.009%Gate0.04428+0.051%
Reya
Aster
GateKuCoin0.04429+0.074%
Backpack0.04430+0.096%BingX0.04431+0.119%gTrade (Gains Network)0.04431+0.119%Binance0.04432+0.131%GMX0.04432+0.139%Nado0.04432+0.142%MEXC0.04432+0.142%Bitget0.04432+0.142%Orderly0.04432+0.142%Extended0.04432+0.148%Bybit0.04435+0.209%OKX0.04435+0.209%SunX0.04435+0.209%BloFin0.04435+0.209%Pacifica0.04438+0.270%ApeX Omni0.04442+0.367%Hyperliquid0.04442+0.374%Deribit0.04443+0.386%Lighter0.04453+0.616%Variational Omni0.04465+0.891%
Backpack
BingX
gTrade (Gains Network)
Binance
GMX
Nado
MEXC
Bitget
Orderly
Extended
Bybit
OKX
SunX
BloFin
Pacifica
ApeX Omni
Hyperliquid
Deribit
Lighter
Variational OmniPhoenix0.04468+0.955%
Bulk0.04500+1.681%Coinbase International0.04524+2.213%
Bulk
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya MEGARUSDPERP | −0.946% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Aster MEGAUSDT | −0.937% | +0.0100% | 4h | $33K | $58K | 5x | as long as short |
| Gate MEGA_USDT | −0.895% | +0.0100% | 4h | $196K | $239K | 20x | as long as short |
| KuCoin MEGAUSDTMshort | −0.873% | +0.0100% | 4h | $234K | $109K | 50x | |
| Backpack MEGA_USDC_PERP | −0.850% | +0.0100% | 1h | $19K | $39K | 5x | as long as short |
| BingX MEGA-USDT | −0.828% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.828% | L −0.0022% / S +0.0023% | 1h | $14K | — | 150x | as long as short |
| Binance MEGAUSDT | −0.816% | +0.0100% | 4h | $4.1M | $11.8M | 50x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.808% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Nado MEGA-PERP | −0.806% | +0.0067% | 1h | $192K | $147K | 2x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | −0.806% | +0.0100% | 4h | $772K | $349K | 50x | as long as short |
| Bitget MEGAUSDT | −0.806% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
| Orderly PERP_MEGA_USDC | −0.806% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| Extended MEGA-USD | −0.799% | +0.0104% | 1h | $133K | $605K | 5x | as long as short |
| Bybit MEGAUSDT | −0.739% | +0.0100% | 4h | $3.2M | $4.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.739% | +0.0100% | 4h | $907K | $2.8M | 20x | as long as short |
| SunX MEGA-USDT | −0.739% | +0.0100% | 4h | $1K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDT | −0.739% | +0.0114% | 4h | $209K | $74K | 50x | as long as short |
| Pacifica MEGA | −0.678% | +0.0100% | 1h | $14K | $10K | 3x | as long as short |
| ApeX Omni MEGAUSDT | −0.582% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Hyperliquid MEGA | −0.575% | +0.1234% | 1h | $7.5M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | −0.564% | +0.2074% | 1h | $108 | $15 | 25x | as long as short |
| Lighter MEGA | −0.336% | +0.1368% | 1h | $605K | $270K | 3x | as long as short |
| Variational Omni MEGA | −0.064% | +0.0100% | 4h | $237K | $101K | — | as long as short |
| Phoenix MEGAlong | 0.000% | +0.0177% | 1h | $20K | $6K | 5x | |
| Bulk MEGA-USD | +0.720% | +0.0100% | 1h | $133K | $569 | 10x | as long as short |
| Coinbase International MEGA-PERP-INTX | +1.247% | +0.1224% | 1h | $7K | $6K | 50x | as long as short |