Funding you earn now, next payment 03:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.228%
Price spread now: Lighter against BingX+0.375%7-day average +0.306% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.375%, 7d avg +0.306%
=Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.306%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.2% 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 | BingX MEGA-USDT | 0.04532 | 0.0100 | pay 0.0050% / 4h | 1h 45m | — | $1.7M | — |
| Short | Lighter MEGA | 0.04549 | 0.0576 | get 0.0072% / 1h | 45m 37s | $644K | $330K | 3x |
BingX MEGA-USDT
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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
- $99.96
- Price spread: +0.375% → +0.306%
- $6.93
- Slippage, 4 orders
- −$152.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$55.43
- Costs to cover
- 1.623%
- Break-even
- 10.9 days
Slippage from BingX: live order book, 1 min ago; Lighter: live order book, 10 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 BingX live order book, 1 min ago | 15.46 bp | 37.1 bp −$37 | 99.0 bp −$990 | 927.2 bp −$92.7K | 1346.8 bp −$673.4K |
| Sell Lighter live order book, 10 min ago | 34.83 bp | 35.4 bp −$35 | 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 | −0.0800% | 1h | 0.04490 | −0.918% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04533 | +0.022% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0065% | 1h | 0.04530 | −0.055% | $196K | $141K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04531 | −0.013% | $7.8M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04526 | −0.126% | $18K | $90K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04527 | −0.106% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04528 | −0.088% | $3.5M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04528 | −0.088% | $929K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04530 | −0.042% | $134K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04524 | −0.177% | $200K | $317K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04526 | −0.132% | $802K | $364K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04525 | −0.154% | $226K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04533 | +0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04532 | long leg | — | $1.7M | — | |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04533 | +0.022% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04530 | −0.040% | $320K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | +0.350% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04534 | +0.044% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04533 | +0.022% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04532 | 0.000% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04532 | −0.004% | $128K | $830K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0138% | 4h | 0.04537 | +0.110% | — | $91K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04531 | −0.016% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04544 | +0.265% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04533 | +0.013% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04527 | −0.113% | $14K | $9K | 3x | as long as short |
| Lighter MEGAshort | +0.0576% | 1h | 0.04549 | +0.375% | $644K | $330K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1846% | 1h | 0.04543 | +0.234% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Deribit MEGA_USDC-PERPETUAL