MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1548%/8h= +169.5% APRnext payment +$1.93 per $10,000 · paid last 24h +0.172%

Price spread now: Lighter against ApeX Omni+0.539%7-day average +0.237% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1461.460% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)−0.795%−$80 · spread now +0.539%, 7d avg +0.237%

Together, before fees−0.553%+ Points / potential airdropLighter: Season 3 · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Lighter is 0.302% dearer against ApeX Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.237%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.93 per $10,000. 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	ApeX Omni MEGAUSDT	0.04454	0.0100	pay 0.0013% / 1h	39m 32s	$24K	$230K	50x
Short	Lighter MEGA	0.04478	0.1648	get 0.0206% / 1h	39m 32s	$621K	$314K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.539%Rate

Funding earned: $325.08
Price spread: +0.539% → +0.237%: $30.17
Slippage, 4 orders: −$136.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $209.24
Costs to cover: 1.460%
Break-even: 2.5 days

Slippage from ApeX Omni: live order book, 42 min ago; Lighter: live order book, 36 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 ApeX Omni live order book, 42 min ago	8.90 bp	22.6 bp −$23	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell Lighter live order book, 36 min ago	28.79 bp	65.4 bp −$65	doesn't fit	doesn't fit	doesn't fit

MEGA on 28 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
Coinbase International MEGA-PERP-INTX	−0.0144%	1h	0.04490	+0.817%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04457	+0.073%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0048%	1h	0.04459	+0.123%	$193K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04456	+0.045%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04460	+0.133%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04460	+0.144%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04461	+0.157%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04457	+0.067%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04458	+0.090%	$912K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	+0.022%	$131K	$5K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04456	+0.045%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04460	+0.135%	$762K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04461	+0.157%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04461	+0.157%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04458	+0.090%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04457	+0.078%	$224K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04458	+0.080%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04454	long leg	$24K	$230K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04462	+0.180%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04460	+0.129%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0137%	4h	0.04464	+0.225%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04460	+0.135%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04461	+0.157%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04457	+0.058%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0396%	1h	0.04461	+0.157%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1452%	1h	0.04472	+0.397%	$7.6M	$2.3M	3x	as long as short
Lighter MEGAshort	+0.1648%	1h	0.04478	+0.539%	$621K	$314K	3x
Deribit MEGA_USDC-PERPETUAL	+0.1815%	1h	0.04464	+0.227%	$108	$15	25x	as long as short