Funding you earn now, next payment 01:00 UTC−0.0760%/8h= −83.2% APRnext payment −$0.95 per $10,000 · paid last 24h −0.212%
Price spread now: Nado against Lighter−0.384%7-day average −0.281% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2432.432% of the position
Funding, last 3 days (all we have)−0.345%−$35 on $10k
+Price spread, last 3 days (all we have)+0.549%+$55 · spread now −0.384%, 7d avg −0.281%
=Together, before fees+0.203%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Nado is 0.104% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.281%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04553 | 0.0824 | pay 0.0103% / 1h | 41m 25s | $640K | $320K | 3x |
| Short | Nado MEGA-PERP | 0.04535 | 0.0064 | get 0.0008% / 1h | 41m 25s | $197K | $136K | 2x |
Lighter MEGA
Nado MEGA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$159.54
- Price spread: −0.384% → −0.281%
- −$10.36
- Slippage, 4 orders
- −$236.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$413.15
- Costs to cover
- 2.432%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; Nado: live order book, 31 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, 24 min ago | 26.48 bp | 126.0 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 31 min ago | 2.22 bp | 21.2 bp −$21 | 122.7 bp −$1,227 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04490 | −1.375% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04535 | −0.391% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04538 | −0.329% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERPshort | +0.0064% | 1h | 0.04535 | −0.384% | $197K | $136K | 2x | |
| BloFin MEGA-USDT | +0.0078% | 4h | 0.04501 | −1.142% | $196K | $76K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04534 | −0.426% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04535 | −0.393% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04536 | −0.374% | $4.0M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.395% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04528 | −0.549% | $924K | $3.0M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04510 | −0.944% | $133K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04532 | −0.461% | $198K | $312K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04535 | −0.395% | $840K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04536 | −0.373% | $239K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.395% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04534 | −0.417% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04542 | −0.242% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04503 | −1.103% | $317K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04526 | −0.603% | $28K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04502 | −1.120% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04535 | −0.395% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04525 | −0.615% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04531 | −0.482% | $129K | $730K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04534 | −0.410% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04535 | −0.395% | $3K | — | 45x | as long as short |
| Lighter MEGAlong | +0.0824% | 1h | 0.04553 | long leg | $640K | $320K | 3x | |
| Hyperliquid MEGA | +0.0971% | 1h | 0.04547 | −0.130% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2772% | 1h | 0.04546 | −0.143% | $110 | $15 | 25x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC 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
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL