Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1220%/8h= +133.6% APRpaid last 24h +0.214%
Price spread now: Lighter against SunX+0.262%7-day average +0.219% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.297%+$30 on $10k
Price spread, last 3 days (all we have)−1.486%−$149 · spread now +0.262%, 7d avg +0.219%
Together, before fees−1.190%+ Points / potential airdropLighter: Season 3 · farm board−$119 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.043% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.219%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.297% in total (about 15.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MEGA-USDT0.045870.0100pay 0.0050% / 4h2h 25m$1K$1.9M10x
ShortLighter MEGA0.045990.1320get 0.0165% / 1h25m 36s$650K$329K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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

Funding earned
$256.2
Price spread: +0.262% → +0.219%
$4.26
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$252.46
Costs to cover
0.080%
Break-even
0.1 days
Slippage unknown: SunX: live order book, 10 min ago; Lighter: live order book, 35 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago501.53 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 35 min ago33.51 bp42.7 bp −$43doesn't fitdoesn't fitdoesn't fit

MEGA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0432%1h0.04490−2.106%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04581−0.135%$1K150xas long as short
Nado MEGA-PERP+0.0066%1h0.04585−0.033%$198K$140K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04580−0.143%$18K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04579−0.183%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04577−0.226%$4.0M$13.5M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04575−0.262%$3.6M$5.4M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04576−0.240%$939K$3.1M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04585−0.044%$135K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04573−0.305%$203K$319K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04576−0.240%$827K$364K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04581−0.131%$239K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04574−0.283%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04573−0.305%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04579−0.169%$323K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04568−0.409%$18K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04570−0.371%$24K$233K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04580−0.153%$3K$2K10xas long as short
SunX MEGA-USDTlong+0.0100%4h0.04587long leg$1K$1.9M10x
Extended MEGA-USD+0.0104%1h0.04575−0.267%$131K$830K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04580−0.146%$33xas long as short
Phoenix MEGA+0.0173%1h0.04584−0.065%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04580−0.164%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0657%1h0.04586−0.022%$18K$46K5xas long as short
Lighter MEGAshort+0.1320%1h0.04599+0.262%$650K$329K3x
Deribit MEGA_USDC-PERPETUAL+0.1802%1h0.04590+0.065%$111$1525xas long as short
Hyperliquid MEGA+0.1892%1h0.04591+0.094%$7.9M$2.5M3xas long as short