Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.007%
Price spread now: MEXC against Lighter−0.008%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.008%, 7d avg −0.036%
=Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.028% dearer against Lighter than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.036%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.011% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9958 | 0.0096 | pay 0.0012% / 1h | 43m 53s | $155K | $360K | 5x |
| Short | MEXC FIL_USDC | 0.9957 | 0.0082 | get 0.0082% / 8h | 4h 43m | $241K | $103K | 50x |
Lighter FIL
MEXC FIL_USDCFunding 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
- −$2.94
- Price spread: −0.008% → −0.036%
- $2.78
- Slippage, 4 orders
- −$39.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$39.54
- Costs to cover
- 0.394%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; MEXC: live order book, 61 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, 6 min ago | 6.79 bp | 14.6 bp −$15 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 61 min ago | 3.49 bp | 8.8 bp −$9 | 24.6 bp −$246 | 83.6 bp −$8,357 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0352% | 1h | 0.9966 | +0.082% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9950 | −0.078% | $375K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 0.9961 | +0.032% | $18.6M | $103.9M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0019% | 8h | 0.9959 | +0.012% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9967 | +0.096% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9945 | −0.127% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.032% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0044% | 1h | 0.9967 | +0.093% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0080% | 8h | 0.9959 | +0.012% | $57.4M | $182.7M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9955 | −0.033% | $708K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDCshort | +0.0082% | 8h | 0.9957 | −0.008% | $241K | $103K | 50x | |
| Lighter FILlong | +0.0096% | 1h | 0.9958 | long leg | $155K | $360K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9960 | +0.018% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9964 | +0.061% | $513K | $599K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9959 | +0.012% | $15.7M | $19.9M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9964 | +0.062% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9962 | +0.042% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9960 | +0.022% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | −0.473% | $446K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9930 | −0.275% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9939 | −0.186% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | −0.380% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9973 | +0.158% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | +0.022% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9960 | +0.022% | $473 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9970 | +0.123% | $622K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9960 | +0.022% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0199% | 8h | 0.9915 | −0.430% | $2.7M | $643K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0237% | 1h | 0.9966 | +0.085% | $266K | — | 100x | as long as short |
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]