Spread before costs (cost unknown: a leg has no order-book sample)+0.237%
7d average—if it closes, per $10,000$24funding while held, a day+$0.46
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04516 | 0.0159 | pay 0.0020% / 1h | 8m 54s | $3 | — | 3x |
| Short | Phoenix MEGA | 0.04527 | 0.0174 | get 0.0022% / 1h | 8m 54s | $20K | $5K | 5x |
Reya MEGARUSDPERP
Phoenix MEGAPrice 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
- $23.69
- Funding while held
- $0.46
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $11.15
- Spread needed to break even
- 0.130%
Slippage unknown: Reya: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0015%
- Per $10,000 a day
- +$0.46
- 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 Phoenix no order-book sample | — | — | — | — | — |
Reya and 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.Bulk0.04511cheapestBloFin0.04516+0.104%
Bulk
BloFinReya0.04516+0.111%
Orderly0.04518+0.149%GMX0.04518+0.151%gTrade (Gains Network)0.04519+0.167%Bitget0.04519+0.171%Nado0.04519+0.182%Extended0.04520+0.186%Gate0.04520+0.193%MEXC0.04520+0.193%Backpack0.04522+0.237%Variational Omni0.04522+0.244%Aster0.04524+0.273%Bybit0.04524+0.282%OKX0.04524+0.282%KuCoin0.04524+0.282%ApeX Omni0.04524+0.282%Binance0.04525+0.300%Pacifica0.04525+0.304%BingX0.04525+0.304%SunX0.04525+0.304%
Orderly
GMX
gTrade (Gains Network)
Bitget
Nado
Extended
Gate
MEXC
Backpack
Variational Omni
Aster
Bybit
OKX
KuCoin
ApeX Omni
Binance
Pacifica
BingX
SunXPhoenix0.04527+0.348%
Deribit0.04528+0.375%Hyperliquid0.04534+0.512%Lighter0.04544+0.725%Coinbase International0.04549+0.840%
Deribit
Hyperliquid
Lighter
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | −0.111% | +0.0100% | 1h | $133K | $569 | 10x | as long as short |
| BloFin MEGA-USDT | −0.007% | +0.0080% | 4h | $222K | $73K | 50x | as long as short |
| Reya MEGARUSDPERPlong | 0.000% | +0.0159% | 1h | $3 | — | 3x | |
| Orderly PERP_MEGA_USDC | +0.038% | +0.0100% | 4h | $3K | $994 | 10x | as long as short |
| GMX MEGA/USD [ETH-USDC] | +0.040% | L +0.0236% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| gTrade (Gains Network) MEGA/USD | +0.056% | L −0.0022% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Bitget MEGAUSDT | +0.060% | +0.0100% | 4h | $1.1M | $1.2M | 50x | as long as short |
| Nado MEGA-PERP | +0.071% | +0.0122% | 1h | $196K | $128K | 2x | as long as short |
| Extended MEGA-USD | +0.075% | +0.0104% | 1h | $136K | $605K | 5x | as long as short |
| Gate MEGA_USDT | +0.082% | +0.0100% | 4h | $205K | $229K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.082% | +0.0100% | 4h | $775K | $325K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.126% | +0.0100% | 1h | $20K | $35K | 5x | as long as short |
| Variational Omni MEGA | +0.133% | +0.0100% | 4h | $219K | $80K | — | as long as short |
| Aster MEGAUSDT | +0.162% | +0.0100% | 4h | $35K | $53K | 5x | as long as short |
| Bybit MEGAUSDT | +0.170% | −0.0060% | 4h | $3.3M | $4.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.170% | +0.0100% | 4h | $936K | $2.6M | 20x | as long as short |
| KuCoin MEGAUSDTM | +0.170% | +0.0100% | 4h | $222K | $95K | 50x | as long as short |
| ApeX Omni MEGAUSDT | +0.170% | +0.0100% | 1h | $26K | $219K | 50x | as long as short |
| Binance MEGAUSDT | +0.189% | +0.0100% | 4h | $4.3M | $10.6M | 50x | as long as short |
| Pacifica MEGA | +0.193% | +0.0100% | 1h | $15K | $10K | 3x | as long as short |
| BingX MEGA-USDT | +0.193% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| SunX MEGA-USDT | +0.193% | +0.0100% | 4h | $2K | $1.8M | 10x | as long as short |
| Phoenix MEGAshort | +0.237% | +0.0174% | 1h | $20K | $5K | 5x | |
| Deribit MEGA_USDC-PERPETUAL | +0.263% | +0.1852% | 1h | $110 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.401% | +0.1647% | 1h | $7.6M | $2.3M | 3x | as long as short |
| Lighter MEGA | +0.613% | +0.1776% | 1h | $581K | $196K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.728% | +0.1256% | 1h | $7K | $6K | 50x | as long as short |