Spread before costs (cost unknown: a leg has no order-book sample)−0.157%
7d average—if it closes, per $10,000$16funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MEGA | 0.04363 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $230K | $102K | — |
| Short | Phoenix MEGA | 0.04356 | 0 | get 0.0000% / 1h | 0m 47s | $20K | $6K | 5x |
Variational Omni MEGA
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
- −$15.75
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$25.75
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Variational Omni RFQ quote, 40 min ago | 7.97 bp | doesn't fit | 292.7 bp −$2,927 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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.ApeX Omni0.04340cheapestBloFin0.04349+0.207%Gate0.04350+0.230%Bybit0.04351+0.253%BingX0.04351+0.253%MEXC0.04353+0.300%Extended0.04353+0.300%Aster0.04353+0.307%Binance0.04354+0.315%OKX0.04354+0.323%KuCoin0.04354+0.323%Bitget0.04354+0.323%
ApeX Omni
BloFin
Gate
Bybit
BingX
MEXC
Extended
Aster
Binance
OKX
KuCoin
BitgetPhoenix0.04356+0.369%
SunX0.04356+0.369%Pacifica0.04356+0.373%Nado0.04356+0.380%Backpack0.04357+0.392%Reya0.04357+0.400%Bulk0.04360+0.461%Orderly0.04360+0.461%gTrade (Gains Network)0.04360+0.466%Hyperliquid0.04360+0.470%GMX0.04360+0.472%
SunX
Pacifica
Nado
Backpack
Reya
Bulk
Orderly
gTrade (Gains Network)
Hyperliquid
GMXVariational Omni0.04363+0.527%
Deribit0.04368+0.647%Lighter0.04372+0.737%Coinbase International0.04376+0.820%
Deribit
Lighter
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MEGAUSDT | −0.524% | +0.0100% | 1h | $24K | $223K | 50x | as long as short |
| BloFin MEGA-USDT | −0.318% | +0.0135% | 4h | $200K | $73K | 50x | as long as short |
| Gate MEGA_USDT | −0.295% | +0.0100% | 4h | $188K | $258K | 20x | as long as short |
| Bybit MEGAUSDT | −0.272% | +0.0100% | 4h | $3.1M | $4.6M | 20x | as long as short |
| BingX MEGA-USDT | −0.272% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| MEXC MEGA_USDT | −0.226% | +0.0100% | 4h | $744K | $359K | 50x | as long as short |
| Extended MEGA-USD | −0.225% | +0.0104% | 1h | $131K | $602K | 5x | as long as short |
| Aster MEGAUSDT | −0.219% | +0.0100% | 4h | $27K | $66K | 5x | as long as short |
| Binance MEGAUSDT | −0.211% | +0.0100% | 4h | $3.9M | $12.6M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | −0.203% | +0.0100% | 4h | $906K | $2.9M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | −0.203% | +0.0100% | 4h | $226K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | −0.203% | +0.0100% | 4h | $1.1M | $1.4M | 50x | as long as short |
| Phoenix MEGAshort | −0.157% | 0.0000% | 1h | $20K | $6K | 5x | |
| SunX MEGA-USDT | −0.157% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Pacifica MEGA | −0.153% | +0.0100% | 1h | $13K | $11K | 3x | as long as short |
| Nado MEGA-PERP | −0.146% | +0.0066% | 1h | $188K | $157K | 2x | as long as short |
| Backpack MEGA_USDC_PERP | −0.135% | +0.0135% | 1h | $17K | $38K | 5x | as long as short |
| Reya MEGARUSDPERP | −0.126% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Bulk MEGA-USD | −0.066% | +0.0100% | 1h | $129K | −$0 | 10x | as long as short |
| Orderly PERP_MEGA_USDC | −0.066% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.061% | L −0.0022% / S +0.0023% | 1h | $14K | — | 150x | as long as short |
| Hyperliquid MEGA | −0.057% | +0.1184% | 1h | $7.3M | $2.5M | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.054% | L +0.0235% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Variational Omni MEGAlong | 0.000% | +0.0100% | 4h | $230K | $102K | — | |
| Deribit MEGA_USDC-PERPETUAL | +0.120% | +0.1355% | 1h | $106 | $15 | 25x | as long as short |
| Lighter MEGA | +0.209% | +0.0208% | 1h | $586K | $287K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.292% | +0.1192% | 1h | $6K | $5K | 50x | as long as short |