Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.018%

Price spread now: SunX against Reya+0.046%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 SunX

What this pair did over the last

the charts below follow

Funding, last 3 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. SunX is 0.046% dearer against Reya than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MEGARUSDPERP	0.04521	0.0159	pay 0.0020% / 1h	21m 13s	$3	—	3x
Short	SunX MEGA-USDT	0.04523	0.0100	get 0.0050% / 4h	21m 13s	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$12.34
Price spread: +0.046% → 0.000%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	501.00 bp	doesn't fit	doesn't fit	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 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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04521	+0.007%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0097%	1h	0.04520	−0.009%	$195K	$135K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04518	−0.065%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04517	−0.087%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04526	+0.123%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04523	+0.040%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04514	−0.153%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04515	−0.131%	$922K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04515	−0.134%	$133K	$2K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04522	+0.024%	$196K	$313K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04523	+0.046%	$770K	$353K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04524	+0.068%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04519	−0.042%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04519	−0.042%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04517	−0.078%	$227K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04517	−0.087%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04513	−0.175%	$25K	$230K	50x	as long as short
SunX MEGA-USDTshort	+0.0100%	4h	0.04523	+0.046%	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04517	−0.094%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0119%	4h	0.04524	+0.068%	$196K	$77K	50x	as long as short
Reya MEGARUSDPERPlong	+0.0159%	1h	0.04521	long leg	$3	—	3x
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04523	+0.048%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.675%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04515	−0.131%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0474%	1h	0.04532	+0.245%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1104%	1h	0.04531	+0.223%	$7.7M	$2.4M	3x	as long as short
Lighter MEGA	+0.1512%	1h	0.04548	+0.599%	$640K	$319K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1675%	1h	0.04528	+0.150%	$110	$15	25x	as long as short