Funding you earn now, next payment 02:00 UTC−0.1180%/8h= −129.2% APRpaid last 24h −0.214%
Price spread now: BingX against Lighter−0.415%7-day average −0.304% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2412.408% of the position
Funding, last 7 days−0.297%−$30 on $10k
+Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.415%, 7d avg −0.304%
=Together, before fees+0.079%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and BingX is 0.111% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.304%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.297% in total (about -15.5% 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 MEGA | 0.04582 | 0.1280 | pay 0.0160% / 1h | 9m 49s | $647K | $330K | 3x |
| Short | BingX MEGA-USDT | 0.04563 | 0.0100 | get 0.0050% / 4h | 2h 09m | — | $1.7M | — |
Lighter MEGA
BingX MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$247.8
- Price spread: −0.415% → −0.304%
- −$11.1
- Slippage, 4 orders
- −$230.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$499.67
- Costs to cover
- 2.408%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; BingX: live order book, 7 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, 51 min ago | 33.51 bp | 120.6 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 16.38 bp | 38.7 bp −$39 | 101.3 bp −$1,013 | 801.4 bp −$80.1K | 1350.8 bp −$675.4K |
MEGA 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0432% | 1h | 0.04490 | −1.999% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04567 | −0.330% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0063% | 1h | 0.04569 | −0.284% | $197K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04565 | −0.365% | $18K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04577 | −0.111% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04564 | −0.393% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04561 | −0.458% | $3.6M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04561 | −0.458% | $938K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04579 | −0.060% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04562 | −0.436% | $202K | $319K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04564 | −0.393% | $816K | $366K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04567 | −0.327% | $238K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04557 | −0.546% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTshort | +0.0100% | 4h | 0.04563 | −0.415% | — | $1.7M | — | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04572 | −0.225% | $322K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04574 | −0.182% | $18K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04571 | −0.240% | $24K | $229K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04562 | −0.436% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04559 | −0.502% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04562 | −0.429% | $131K | $829K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04565 | −0.377% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04579 | −0.065% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04566 | −0.349% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0683% | 1h | 0.04565 | −0.371% | $18K | $46K | 5x | as long as short |
| Lighter MEGAlong | +0.1280% | 1h | 0.04582 | long leg | $647K | $330K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1701% | 1h | 0.04571 | −0.229% | $111 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.1823% | 1h | 0.04575 | −0.144% | $7.9M | $2.5M | 3x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
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]
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA