Funding you earn now, next payment 03:00 UTC−0.4264%/8h= −466.9% APRpaid last 24h +0.009%
Price spread now: MEXC against Lighter−0.180%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$750.749% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.512%−$51 · spread now −0.180%, 7d avg −0.065%
=Together, before fees−0.487%+ Points / potential airdropLighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$128 a day on $10k at the current rate, and MEXC is 0.115% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% 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 DATA | 0.2218 | 0.0096 | pay 0.0012% / 1h | 18m 03s | $59K | $252K | 10x |
| Short | MEXC DATA_USDT | 0.2214 | −0.4168 | pay 0.2084% / 4h | 1h 18m | $101K | $274K | 20x |
Lighter DATA
MEXC DATA_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
- −$895.44
- Price spread: −0.180% → −0.065%
- −$11.52
- Slippage, 4 orders
- −$70.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$981.87
- Costs to cover
- 0.749%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 27 min ago; MEXC: live order book, 27 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, 27 min ago | 11.13 bp | 28.2 bp −$28 | 70.7 bp −$707 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 27 min ago | 2.24 bp | 12.0 bp −$12 | 70.6 bp −$706 | 640.7 bp −$64.1K | doesn't fit |
DATA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC DATA_USDTshort | −0.4168% | 4h | 0.2214 | −0.180% | $101K | $274K | 20x | |
| OKX DATA-USDT-SWAP | −0.4162% | 4h | 0.2215 | −0.135% | $1.3M | $8.1M | 20x | as long as short |
| BloFin DATA-USDT | −0.4142% | 4h | 0.2205 | −0.586% | $120K | $7K | 20x | as long as short |
| Extended DATA-USD | −0.2592% | 1h | 0.2215 | −0.127% | $922 | $60 | 5x | as long as short |
| Gate DATA_USDT | −0.2592% | 4h | 0.2221 | +0.135% | $115K | $97K | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1904% | 4h | 0.2216 | −0.072% | $207K | $1.0M | 30x | as long as short |
| Bybit DATAUSDT | −0.1142% | 4h | 0.2217 | −0.032% | $1.4M | $2.0M | 20x | as long as short |
| Bitget DATAUSDT | −0.0026% | 4h | 0.2220 | +0.090% | $681K | $541K | 50x | as long as short |
| Lighter DATAlong | +0.0096% | 1h | 0.2218 | long leg | $59K | $252K | 10x |
OKX DATA-USDT-SWAP
BloFin DATA-USDT
Extended DATA-USD
Gate DATA_USDT
KuCoin DATAUSDTM
Bybit DATAUSDT
Bitget DATAUSDT