MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.3809%/8h= +417.1% APRnext payment +$4.76 per $10,000 · paid last 24h +0.962%

Price spread now: GMX against Lighter−0.468%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

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

Funding pays, the price is against you. GMX is 0.468% cheaper against Lighter than usual: you would sell low and buy high (spread −0.468% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 10 hours of funding at the current rate (+$114 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MEGA	0.04531	0.1544	pay 0.0193% / 1h	31m 56s	$637K	$319K	3x
Short	GMX MEGA/USD [ETH-USDC]	0.04510	L +0.0236% / S −0.5353%	get 0.0669% / 1h	31m 56s	$3K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.468%Rate

Funding earned: $799.85
Price spread: −0.468% → 0.000%: −$46.79
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $741.06
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: Lighter: live order book, 39 min ago; GMX: no order-book sample. 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 Lighter live order book, 39 min ago	31.08 bp	108.1 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04509	−0.478%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0078%	4h	0.04527	−0.088%	$196K	$77K	50x	as long as short
Nado MEGA-PERP	+0.0098%	1h	0.04511	−0.441%	$195K	$135K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04510	−0.463%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04507	−0.531%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04521	−0.218%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04509	−0.491%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04504	−0.596%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04504	−0.596%	$918K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04505	−0.574%	$133K	$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	0.04505	−0.574%	$193K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04508	−0.508%	$767K	$352K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04509	−0.486%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	−0.530%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04506	−0.552%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04497	−0.740%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04504	−0.599%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	−0.552%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04511	−0.441%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04504	−0.602%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04510	−0.453%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]short	L +0.0236% / S −0.5353%	1h	0.04510	−0.468%	$3K	—	45x
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.896%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04504	−0.596%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0664%	1h	0.04514	−0.375%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1163%	1h	0.04518	−0.285%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1413%	1h	0.04517	−0.311%	$109	$15	25x	as long as short
Lighter MEGAlong	+0.1544%	1h	0.04531	long leg	$637K	$319K	3x