Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.256%
Price spread now: Lighter against Bybit+0.415%7-day average +0.314% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1661.662% of the position
Funding, last 7 days+0.478%+$48 on $10k
+Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.415%, 7d avg +0.314%
=Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.101% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.314%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04573 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $3.5M | $5.9M | 20x |
| Short | Lighter MEGA | 0.04592 | 0.0096 | get 0.0012% / 1h | 3m 46s | $613K | $382K | 3x |
Bybit MEGAUSDT
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.415% → +0.314%
- $10.13
- Slippage, 4 orders
- −$155.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$156.88
- Costs to cover
- 1.662%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 32 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 Bybit live order book, 4 min ago | 2.20 bp | 41.0 bp −$41 | 204.8 bp −$2,048 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 27.68 bp | 40.0 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04566 | −0.160% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0054% | 1h | 0.04566 | −0.153% | $196K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0072% | 4h | 0.04576 | +0.066% | $201K | $95K | 50x | as long as short |
| Lighter MEGAshort | +0.0096% | 1h | 0.04592 | +0.415% | $613K | $382K | 3x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04575 | +0.036% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04575 | +0.044% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04574 | +0.022% | $4.0M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04573 | long leg | $3.5M | $5.9M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04572 | −0.022% | $922K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04520 | −1.159% | $133K | $111 | 10x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04574 | +0.022% | $207K | $327K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04575 | +0.044% | $779K | $411K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04573 | 0.000% | $228K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04574 | +0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04572 | −0.022% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04564 | −0.192% | $321K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04533 | −0.877% | $23K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04536 | −0.809% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04569 | −0.087% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04565 | −0.175% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04572 | −0.018% | $129K | $409K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04564 | −0.191% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04539 | −0.743% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04566 | −0.162% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0284% | 1h | 0.04580 | +0.157% | $7.9M | $2.6M | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0464% | 1h | 0.04577 | +0.087% | $18K | $55K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0691% | 1h | 0.04574 | +0.015% | $111 | $15 | 25x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0872% | 1h | 0.04589 | +0.361% | $5K | $12K | 50x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Coinbase International MEGA-PERP-INTX