Funding you earn now, next payment 01:00 UTC−0.0812%/8h= −88.9% APRpaid last 24h −0.206%
Price spread now: Orderly against Lighter−0.349%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$24 a day on $10k at the current rate, and Orderly is 0.349% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04582 | 0.0912 | pay 0.0114% / 1h | 19m 11s | $644K | $325K | 3x |
| Short | Orderly PERP_MEGA_USDC | 0.04566 | 0.0100 | get 0.0050% / 4h | 3h 19m | $3K | $2K | 10x |
Lighter MEGA
Orderly PERP_MEGA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$170.52
- Price spread: −0.349% → 0.000%
- −$34.92
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$211.44
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 46 min ago; Orderly: 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, 46 min ago | 26.48 bp | 126.0 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0048% | 1h | 0.04490 | −1.999% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04568 | −0.306% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04575 | −0.153% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0039% | 1h | 0.04566 | −0.338% | $197K | $137K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0064% | 4h | 0.04567 | −0.327% | $197K | $77K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04570 | −0.271% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04571 | −0.244% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04560 | −0.491% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04557 | −0.546% | $3.5M | $5.3M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04554 | −0.611% | $929K | $3.0M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04569 | −0.284% | $200K | $313K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04568 | −0.306% | $845K | $361K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04570 | −0.262% | $240K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04561 | −0.458% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04564 | −0.393% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04564 | −0.398% | $322K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04560 | −0.474% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04559 | −0.502% | $25K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDCshort | +0.0100% | 4h | 0.04566 | −0.349% | $3K | $2K | 10x | |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04566 | −0.349% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04540 | −0.913% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04558 | −0.514% | $132K | $819K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04566 | −0.342% | $3 | — | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0209% | 1h | 0.04573 | −0.196% | $18K | $41K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04567 | −0.330% | $3K | — | 45x | as long as short |
| Lighter MEGAlong | +0.0912% | 1h | 0.04582 | long leg | $644K | $325K | 3x | |
| Hyperliquid MEGA | +0.1060% | 1h | 0.04581 | −0.022% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1940% | 1h | 0.04576 | −0.137% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL