Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.018%

Price spread now: Reya against Variational Omni−0.057%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.057% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MEGA	0.04455	0.0100	pay 0.0050% / 4h	1h 31m	$223K	$135K	—
Short	Reya MEGARUSDPERP	0.04452	0.0159	get 0.0020% / 1h	31m 28s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.057%Rate

Funding earned: $12.33
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $0.63
Costs to cover: 0.060%
Break-even: 6.6 days

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Reya: no order-book sample. 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 Variational Omni RFQ quote, 52 min ago	8.94 bp	doesn't fit	529.5 bp −$5,295	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Coinbase International MEGA-PERP-INTX	−0.0144%	1h	0.04490	+0.795%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04449	−0.127%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0050%	1h	0.04454	−0.011%	$192K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0082%	4h	0.04460	+0.113%	$195K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04451	−0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04455	−0.010%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04455	+0.003%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04454	−0.022%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04449	−0.134%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04452	−0.067%	$912K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04455	0.000%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04451	−0.090%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04452	−0.067%	$760K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04455	0.000%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04454	−0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04448	−0.157%	—	$1.7M	—	as long as short
Variational Omni MEGAlong	+0.0100%	4h	0.04455	long leg	$223K	$135K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04459	+0.089%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04452	−0.067%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04454	−0.022%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04453	−0.051%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04452	−0.057%	$3	—	3x
Phoenix MEGA	+0.0179%	1h	0.04462	+0.157%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04450	−0.119%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0413%	1h	0.04454	−0.022%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1409%	1h	0.04462	+0.153%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1660%	1h	0.04459	+0.097%	$108	$15	25x	as long as short
Lighter MEGA	+0.2832%	1h	0.04475	+0.449%	$626K	$320K	3x	as long as short