Funding you earn now, next payment 09:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.320%
Price spread now: Deribit against Reya+0.129%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.129% dearer against Reya than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04695 | 0.0159 | pay 0.0020% / 1h | 0m 48s | $3 | — | 3x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04701 | 0.0602 | get 0.0075% / 1h | 0m 48s | $114 | $15 | 25x |
Reya MEGARUSDPERP
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $92.97
- Price spread: +0.129% → 0.000%
- $12.92
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $92.89
- Costs to cover
- 0.130%
- Break-even
- 0.0 days
Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MEGA | 0.0000% | 1h | 0.04675 | −0.418% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04701 | +0.130% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0023% | 4h | 0.04701 | +0.136% | $3.6M | $5.8M | 20x | as long as short |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04705 | +0.221% | $204K | $88K | 50x | as long as short |
| Nado MEGA-PERP | +0.0061% | 1h | 0.04696 | +0.029% | $203K | $138K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04699 | +0.086% | $21K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04707 | +0.261% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04701 | +0.132% | $4.2M | $13.5M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04695 | +0.008% | $944K | $3.2M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04697 | +0.050% | $211K | $334K | 20x | as long as short |
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04700 | +0.114% | $779K | $409K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04694 | −0.014% | $254K | $125K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04701 | +0.136% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04699 | +0.093% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04694 | −0.011% | $340K | $230K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04693 | −0.043% | $27K | $2.1M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04689 | −0.120% | $24K | $226K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04695 | +0.008% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04697 | +0.050% | $1K | $1.8M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04650 | −0.951% | $137K | −$0 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04695 | +0.001% | $131K | $800K | 5x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04695 | long leg | $3 | — | 3x | |
| Backpack MEGA_USDC_PERP | +0.0238% | 1h | 0.04699 | +0.093% | $19K | $53K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04697 | +0.046% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0367% | 1h | 0.04707 | +0.270% | $8.1M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.0602% | 1h | 0.04701 | +0.129% | $114 | $15 | 25x | |
| Lighter MEGA | +0.0864% | 1h | 0.04722 | +0.583% | $639K | $396K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | −2.240% | $5K | $12K | 50x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Coinbase International MEGA-PERP-INTX