Spread before costs (cost unknown: a leg has no order-book sample)−0.015%
7d average—if it closes, per $10,000$1funding while held, a day−$1.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04463 | 0.0159 | pay 0.0020% / 1h | 16m 22s | $3 | — | 3x |
| Short | Backpack MEGA_USDC_PERP | 0.04462 | 0.0100 | get 0.0013% / 1h | 16m 22s | $15K | $40K | 5x |
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERPPrice 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
- −$1.48
- Funding while held
- −$1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.24
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0059%
- Per $10,000 a day
- −$1.76
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Reya and Backpack: 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.Variational Omni0.04448cheapestApeX Omni0.04451+0.064%Bulk0.04455+0.154%Phoenix0.04457+0.199%Bybit0.04460+0.266%OKX0.04460+0.266%Gate0.04460+0.266%BloFin0.04460+0.266%Extended0.04461+0.285%Nado0.04461+0.289%BingX0.04461+0.289%SunX0.04461+0.289%
Variational Omni
ApeX Omni
Bulk
Phoenix
Bybit
OKX
Gate
BloFin
Extended
Nado
BingX
SunXBackpack0.04462+0.311%
Orderly0.04462+0.311%
OrderlyReya0.04463+0.326%
Binance0.04463+0.334%MEXC0.04463+0.334%KuCoin0.04463+0.334%Bitget0.04463+0.334%Aster0.04464+0.346%Pacifica0.04464+0.349%gTrade (Gains Network)0.04464+0.352%GMX0.04464+0.363%Deribit0.04467+0.428%Hyperliquid0.04473+0.570%Coinbase International0.04484+0.804%Lighter0.04486+0.851%
Binance
MEXC
KuCoin
Bitget
Aster
Pacifica
gTrade (Gains Network)
GMX
Deribit
Hyperliquid
Coinbase International
LighterMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MEGA | −0.325% | +0.0100% | 4h | $239K | $105K | — | as long as short |
| ApeX Omni MEGAUSDT | −0.261% | +0.0100% | 1h | $24K | $227K | 50x | as long as short |
| Bulk MEGA-USD | −0.172% | +0.0100% | 1h | $132K | −$0 | 10x | as long as short |
| Phoenix MEGA | −0.127% | +0.0184% | 1h | $20K | $6K | 5x | as long as short |
| Bybit MEGAUSDT | −0.060% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.060% | +0.0100% | 4h | $918K | $3.0M | 20x | as long as short |
| Gate MEGA_USDT | −0.060% | +0.0100% | 4h | $182K | $267K | 20x | as long as short |
| BloFin MEGA-USDT | −0.060% | +0.0103% | 4h | $202K | $76K | 50x | as long as short |
| Extended MEGA-USD | −0.041% | +0.0104% | 1h | $134K | $602K | 5x | as long as short |
| Nado MEGA-PERP | −0.037% | +0.0005% | 1h | $192K | $158K | 2x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MEGA-USDT | −0.037% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| SunX MEGA-USDT | −0.037% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Backpack MEGA_USDC_PERPshort | −0.015% | +0.0100% | 1h | $15K | $40K | 5x | |
| Orderly PERP_MEGA_USDC | −0.015% | +0.0098% | 4h | $3K | $961 | 10x | as long as short |
| Reya MEGARUSDPERPlong | 0.000% | +0.0159% | 1h | $3 | — | 3x | |
| Binance MEGAUSDT | +0.008% | +0.0100% | 4h | $4.0M | $12.7M | 50x | as long as short |
| MEXC MEGA_USDT | +0.008% | +0.0100% | 4h | $789K | $370K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.008% | +0.0100% | 4h | $231K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.008% | +0.0100% | 4h | $1.1M | $1.4M | 50x | as long as short |
| Aster MEGAUSDT | +0.020% | +0.0100% | 4h | $27K | $65K | 5x | as long as short |
| Pacifica MEGA | +0.023% | +0.0100% | 1h | $14K | $11K | 3x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.026% | L +0.0001% / S +0.0023% | 1h | $1K | — | 150x | as long as short |
| GMX MEGA/USD [ETH-USDC] | +0.037% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.102% | +0.0915% | 1h | $108 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.243% | +0.0524% | 1h | $7.5M | $2.5M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.476% | +0.1368% | 1h | $6K | $5K | 50x | as long as short |
| Lighter MEGA | +0.523% | +0.0096% | 1h | $602K | $289K | 3x | as long as short |