Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.157%7-day average −0.096% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−2.296%−$230 · spread now −0.157%, 7d avg −0.096%

Together, before fees−2.296%+ Points / potential airdropVariational Omni: Active · farm board−$230 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.062% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MEGA-USDT	0.04514	0.0100	pay 0.0050% / 4h	55m 11s	$2K	$1.9M	10x
Short	Variational Omni MEGA	0.04507	0.0100	get 0.0050% / 4h	55m 11s	$226K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee SunXbpFee Variational OmnibpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.096%: −$6.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.19
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Variational Omni: RFQ quote, 24 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 SunX live order book, 10 min ago	501.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 24 min ago	4.47 bp	doesn't fit	138.7 bp −$1,387	doesn't fit	doesn't fit

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	0.04512	−0.039%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04512	−0.044%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04512	−0.037%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04513	−0.024%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04513	−0.022%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04509	−0.111%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04509	−0.111%	$917K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04500	−0.310%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04511	−0.066%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04512	−0.044%	$775K	$348K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04512	−0.044%	$238K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04515	+0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04510	−0.089%	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	0.04507	−0.157%	$226K	$133K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04511	−0.070%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04508	−0.133%	$25K	$230K	50x	as long as short
SunX MEGA-USDTlong	+0.0100%	4h	0.04514	long leg	$2K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04513	−0.030%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0120%	4h	0.04512	−0.044%	$195K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0137%	1h	0.04513	−0.011%	$195K	$136K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04513	−0.024%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04509	−0.111%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04512	−0.053%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.523%	$5K	$12K	50x	as long as short
Hyperliquid MEGA	+0.0836%	1h	0.04523	+0.193%	$7.7M	$2.4M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0911%	1h	0.04516	+0.044%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1368%	1h	0.04520	+0.124%	$109	$15	25x	as long as short
Lighter MEGA	+0.1368%	1h	0.04534	+0.443%	$638K	$319K	3x	as long as short