Funding you earn now, next payment 06:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.247%
Price spread now: MEXC against Lighter−0.533%7-day average −0.287% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2212.212% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)+0.487%+$49 · spread now −0.533%, 7d avg −0.287%
=Together, before fees+0.135%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.246% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.287%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04506 | 0.0304 | pay 0.0038% / 1h | 39m 54s | $628K | $352K | 3x |
| Short | MEXC MEGA_USDT | 0.04482 | 0.0100 | get 0.0050% / 4h | 2h 39m | $799K | $389K | 50x |
Lighter MEGA
MEXC MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$42.84
- Price spread: −0.533% → −0.287%
- −$24.61
- Slippage, 4 orders
- −$221.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$288.67
- Costs to cover
- 2.212%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 66 min ago; MEXC: live order book, 1 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, 66 min ago | 33.52 bp | 125.3 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.12 bp | 8.2 bp −$8 | 65.9 bp −$659 | 238.1 bp −$23.8K | 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 | −0.0048% | 1h | 0.04589 | +1.853% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0004% | 4h | 0.04478 | −0.621% | $3.5M | $5.8M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04484 | −0.498% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0043% | 4h | 0.04505 | −0.022% | $200K | $93K | 50x | as long as short |
| Nado MEGA-PERP | +0.0066% | 1h | 0.04477 | −0.644% | $193K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04481 | −0.549% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04480 | −0.566% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04482 | −0.533% | $3.9M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04480 | −0.577% | $913K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04511 | +0.117% | $133K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
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 | 0.04483 | −0.510% | $199K | $328K | 20x | as long as short |
| MEXC MEGA_USDTshort | +0.0100% | 4h | 0.04482 | −0.533% | $799K | $389K | 50x | |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04483 | −0.510% | $228K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04481 | −0.555% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04481 | −0.555% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04488 | −0.399% | $18K | $54K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04486 | −0.448% | $317K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04511 | +0.114% | $28K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04505 | −0.022% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04484 | −0.488% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04486 | −0.444% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04482 | −0.536% | $126K | $431K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04476 | −0.658% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04518 | +0.266% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04480 | −0.570% | $3K | — | 45x | as long as short |
| Lighter MEGAlong | +0.0304% | 1h | 0.04506 | long leg | $628K | $352K | 3x | |
| Hyperliquid MEGA | +0.0470% | 1h | 0.04491 | −0.324% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0775% | 1h | 0.04491 | −0.344% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
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
Deribit MEGA_USDC-PERPETUAL