Funding you earn now, next payment 09:00 UTC−0.0788%/8h= −86.3% APRpaid last 24h −0.244%
Price spread now: MEXC against Lighter−0.477%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.477%, 7d avg −0.134%
=Together, before fees+0.150%+ Points / potential airdropLighter: Season 3 · farm board+$15 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 0.343% cheaper against Lighter than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.134%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.3% 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 KAITO | 0.3525 | 0.0888 | pay 0.0111% / 1h | 38m 14s | $87K | $98K | 5x |
| Short | MEXC KAITO_USDT | 0.3508 | 0.0100 | get 0.0050% / 4h | 3h 38m | $3.5M | $1.2M | 50x |
Lighter KAITO
MEXC KAITO_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
- −$165.48
- Price spread: −0.477% → −0.134%
- −$34.26
- Slippage, 4 orders
- −$77.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$277.48
- Costs to cover
- 0.777%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 32 min ago; MEXC: live order book, 4 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, 32 min ago | 28.30 bp | 38.3 bp −$38 | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.42 bp | 4.7 bp −$5 | 7.8 bp −$78 | 88.4 bp −$8,841 | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KAITOUSD | −0.0415% | 1h | 0.3505 | −0.566% | $247K | $164K | 10x | as long as short |
| Backpack KAITO_USDC_PERP | −0.0313% | 1h | 0.3508 | −0.479% | $19K | $196K | 10x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −4.383% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0020% | 1h | 0.3535 | +0.289% | $7K | $52K | 12x | as long as short |
| BloFin KAITO-USDT | +0.0046% | 4h | 0.3506 | −0.533% | $555K | $68K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3509 | −0.450% | $116K | $63K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3504 | −0.582% | $19K | $15K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3508 | −0.466% | $10.7M | $17.9M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3509 | −0.448% | $4.6M | $8.7M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3507 | −0.505% | $4.3M | $11.6M | 50x | as long as short |
Kraken Futures PF_KAITOUSD
Backpack KAITO_USDC_PERP
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KAITO_USDT | +0.0100% | 4h | 0.3509 | −0.448% | $664K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDTshort | +0.0100% | 4h | 0.3508 | −0.477% | $3.5M | $1.2M | 50x | |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3508 | −0.477% | $1.4M | $169K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3509 | −0.448% | $4.4M | $3.6M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3508 | −0.477% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3507 | −0.493% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3513 | −0.325% | $249K | $2.3M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3508 | −0.477% | $29K | $259K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3508 | −0.491% | $18K | $5.1M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3508 | −0.465% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3509 | −0.445% | $80K | $63K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3508 | −0.484% | $243K | — | 3x | as long as short |
| Paradex KAITO-USD-PERP | +0.0105% | 8h | 0.3503 | −0.606% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0106% | 4h | 0.3506 | −0.528% | $17K | $326K | 5x | as long as short |
| Hyperliquid KAITO | +0.0320% | 1h | 0.3511 | −0.386% | $2.0M | $925K | 5x | as long as short |
| Lighter KAITOlong | +0.0888% | 1h | 0.3525 | long leg | $87K | $98K | 5x | |
| 01 Exchange KAITOUSD | +0.2424% | 1h | 0.3439 | −2.420% | $6K | $608 | 3x | as long as short |
Gate KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
Hyperliquid KAITO
01 Exchange KAITOUSD