Funding you earn now, next payment 05:00 UTC−0.0810%/8h= −88.7% APRpaid last 24h −0.101%
Price spread now: MEXC against Lighter−0.281%7-day average −0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.281%, 7d avg −0.250%
=Together, before fees−0.383%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.031% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.250%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.420% in total (about -21.9% 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 FF | 0.1280 | 0.0864 | pay 0.0108% / 1h | 12m 10s | $135K | $26K | 3x |
| Short | MEXC FF_USDT | 0.1277 | 0.0054 | get 0.0027% / 4h | 3h 12m | $10.1M | $686K | 50x |
Lighter FF
MEXC FF_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
- −$170.1
- Price spread: −0.281% → −0.250%
- −$3.1
- Slippage, 4 orders
- −$79.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$256.42
- Costs to cover
- 0.832%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 22 min ago; MEXC: live order book, 1 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, 22 min ago | 7.83 bp | 54.4 bp −$54 | 136.7 bp −$1,367 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.39 bp | 6.9 bp −$7 | 39.7 bp −$397 | 223.3 bp −$22.3K | doesn't fit |
FF on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin FF-USDT | +0.0054% | 4h | 0.1277 | −0.234% | $2.3M | $135K | 20x | as long as short |
| MEXC FF_USDTshort | +0.0054% | 4h | 0.1277 | −0.281% | $10.1M | $686K | 50x | |
| Binance FFUSDT | +0.0060% | 4h | 0.1277 | −0.281% | $43.1M | $16.5M | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1278 | −0.185% | $1.2M | $26K | 5x | as long as short |
| Bybit FFUSDT | +0.0100% | 4h | 0.1277 | −0.281% | $14.5M | $4.1M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1277 | −0.258% | $18.6M | $1.0M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1277 | −0.281% | — | $6.6M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1274 | −0.469% | $2K | $1.1M | 20x | as long as short |
| KuCoin FFUSDTM | +0.0234% | 4h | 0.1278 | −0.141% | $8.6M | $4.3M | 20x | as long as short |
| Gate FF_USDT | +0.0690% | 4h | 0.1278 | −0.180% | $26.9M | $1.3M | 50x | as long as short |
BloFin FF-USDT
Binance FFUSDT
Aster FFUSDT
Bybit FFUSDT
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDT
KuCoin FFUSDTM
Gate FF_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FFlong | +0.0864% | 1h | 0.1280 | long leg | $135K | $26K | 3x |