Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.016%

Price spread now: BloFin against Reya+0.359%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.359% dearer against Reya than usual: you sell high and buy low (spread +0.359% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04642	0.0159	pay 0.0020% / 1h	56m 52s	$3	—	3x
Short	BloFin MEGA-USDT	0.04659	0.0088	get 0.0044% / 4h	1h 56m	$205K	$82K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee BloFinbpOrdersPrice spread, now +0.359%Rate

Funding earned: −$14.86
Price spread: +0.359% → 0.000%: $35.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.99
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 48 min ago. Net counts fees only.

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 BloFin live order book, 48 min ago	3.20 bp	26.0 bp −$26	79.6 bp −$796	doesn't fit	doesn't fit

Reya: 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 on 28 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0328%	1h	0.04589	−1.139%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0283%	4h	0.04653	+0.229%	$3.6M	$5.5M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04644	+0.044%	$1K	—	150x	as long as short
BloFin MEGA-USDTshort	+0.0088%	4h	0.04659	+0.359%	$205K	$82K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04643	+0.014%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04652	+0.216%	$21K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04669	+0.565%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04651	+0.186%	$4.1M	$13.0M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04649	+0.143%	$937K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04685	+0.910%	$138K	−$0	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04649	+0.143%	$208K	$322K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04653	+0.229%	$745K	$390K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04649	+0.143%	$250K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04654	+0.251%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04651	+0.186%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04646	+0.078%	$17K	$52K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04673	+0.669%	$339K	$229K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04677	+0.749%	$28K	$2.2M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04677	+0.746%	$24K	$225K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04643	+0.014%	$1K	$1.7M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04648	+0.132%	$130K	$798K	5x	as long as short
Hyperliquid MEGA	+0.0139%	1h	0.04659	+0.359%	$8.1M	$2.4M	3x	as long as short
Nado MEGA-PERP	+0.0146%	1h	0.04648	+0.111%	$200K	$137K	2x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04642	long leg	$3	—	3x
Phoenix MEGA	+0.0170%	1h	0.04685	+0.919%	$21K	$6K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04643	+0.022%	$3K	—	45x	as long as short
Lighter MEGA	+0.0304%	1h	0.04668	+0.552%	$633K	$404K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0590%	1h	0.04648	+0.113%	$112	$15	25x	as long as short