Funding you earn now, next payment 06:00 UTC−0.1130%/8h= −123.7% APRpaid last 24h −0.244%
Price spread now: MEXC against Lighter−0.543%7-day average −0.251% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
Funding, last 7 days−0.599%−$60 on $10k
+Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.543%, 7d avg −0.251%
=Together, before fees−0.417%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and MEXC is 0.292% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.251%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.599% in total (about -31.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CC | 0.1179 | 0.0672 | pay 0.0084% / 1h | 23m 38s | $253K | $170K | 5x |
| Short | MEXC CC_USDT | 0.1172 | −0.0458 | pay 0.0229% / 4h | 2h 23m | $1.8M | $333K | 100x |
Lighter CC
MEXC CC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$237.3
- Price spread: −0.543% → −0.251%
- −$29.23
- Slippage, 4 orders
- −$113.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$384.18
- Costs to cover
- 1.176%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; MEXC: live order book, 3 min ago.
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 Lighter live order book, 7 min ago | 17.81 bp | 79.5 bp −$80 | 401.6 bp −$4,016 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.43 bp | 8.1 bp −$8 | 62.0 bp −$620 | 233.6 bp −$23.4K | 815.2 bp −$407.6K |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CCUSDT | −0.0458% | 4h | 0.1173 | −0.458% | $10.8M | $3.8M | 25x | as long as short |
| MEXC CC_USDTshort | −0.0458% | 4h | 0.1172 | −0.543% | $1.8M | $333K | 100x | |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | +0.093% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0083% | 8h | 0.1173 | −0.488% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1175 | −0.322% | $5.5M | $1.3M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1174 | −0.407% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1173 | −0.526% | $11.0M | $11.9M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1173 | −0.467% | $2.5M | $3.1M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1172 | −0.560% | $360K | $209K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1174 | −0.433% | $484K | $104K | 50x | as long as short |
Bybit CCUSDT
Injective CC/USDC PERP
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1173 | −0.492% | $918K | $769K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1173 | −0.492% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1173 | −0.484% | $15K | $23K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1172 | −0.568% | $597K | $56K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1175 | −0.312% | $82K | $2.7M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1172 | −0.556% | $6K | $33K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1173 | −0.517% | $596K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0450% / S −0.0241% | 1h | 0.1174 | −0.426% | $44K | — | 50x | as long as short |
| Lighter CClong | +0.0672% | 1h | 0.1179 | long leg | $253K | $170K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]