MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0797%/8h= +87.2% APRnext payment +$1.00 per $10,000 · paid last 24h +0.122%

Price spread now: Lighter against GMX+0.426%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.426% dearer against GMX than usual: you sell high and buy low: +$43 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEGA/USD [ETH-USDC]	0.04440	L +0.0235% / S −0.5353%	pay 0.0029% / 1h	57m 38s	$3K	—	45x
Short	Lighter MEGA	0.04459	0.1032	get 0.0129% / 1h	57m 38s	$600K	$299K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.426%Rate

Funding earned: $167.29
Price spread: +0.426% → 0.000%: $42.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $197.86
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 26 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 26 min ago	57.78 bp	105.3 bp −$105	doesn't fit	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0288%	1h	0.04400	−0.896%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04442	+0.033%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04461	+0.471%	$20K	$6K	5x	as long as short
Nado MEGA-PERP	+0.0036%	1h	0.04437	−0.059%	$192K	$158K	2x	as long as short
BloFin MEGA-USDT	+0.0060%	4h	0.04454	+0.313%	$198K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04439	−0.025%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04439	−0.032%	$20K	$81K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04439	−0.036%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04435	−0.113%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04434	−0.137%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04433	−0.160%	$907K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04460	+0.448%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04435	−0.115%	$189K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04433	−0.160%	$782K	$349K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04436	−0.092%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04438	−0.047%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04433	−0.160%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04439	−0.025%	$14K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04458	+0.405%	$241K	$107K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04452	+0.268%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04449	+0.200%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04445	+0.110%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04435	−0.115%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04437	−0.079%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0235% / S −0.5353%	1h	0.04440	long leg	$3K	—	45x
Hyperliquid MEGA	+0.0918%	1h	0.04448	+0.189%	$7.6M	$2.4M	3x	as long as short
Lighter MEGAshort	+0.1032%	1h	0.04459	+0.426%	$600K	$299K	3x
Deribit MEGA_USDC-PERPETUAL	+0.1349%	1h	0.04447	+0.162%	$108	$15	25x	as long as short