MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1217%/8h= +133.3% APRnext payment +$1.52 per $10,000 · paid last 24h +0.200%

Price spread now: Lighter against Nado+0.520%7-day average +0.277% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2262.257% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.331%+$33 on $10k

Price spread, last 3 days (all we have)−0.734%−$73 · spread now +0.520%, 7d avg +0.277%

Together, before fees−0.403%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.243% dearer against Nado than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.277%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.331% in total (about 37.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 per $10,000. 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	Nado MEGA-PERP	0.04517	0.0103	pay 0.0013% / 1h	8m 47s	$195K	$135K	2x
Short	Lighter MEGA	0.04541	0.1320	get 0.0165% / 1h	8m 47s	$639K	$320K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.520%Rate

Funding earned: $255.65
Price spread: +0.520% → +0.277%: $24.28
Slippage, 4 orders: −$218.69
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $54.23
Costs to cover: 2.257%
Break-even: 5.5 days

Slippage from Nado: live order book, 4 min ago; Lighter: live order book, 62 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 Nado live order book, 4 min ago	2.22 bp	20.5 bp −$21	107.4 bp −$1,074	doesn't fit	doesn't fit
Sell Lighter live order book, 62 min ago	31.08 bp	75.8 bp −$76	doesn't fit	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
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04519	+0.024%	$12K	—	150x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04518	+0.011%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04520	+0.051%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04520	+0.058%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04518	+0.011%	$3.9M	$12.9M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04517	−0.011%	$3.5M	$5.0M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04515	−0.055%	$920K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04515	−0.058%	$133K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04516	−0.033%	$196K	$313K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04518	+0.011%	$769K	$355K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	0.04521	+0.077%	$238K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04518	+0.011%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04516	−0.033%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04504	−0.291%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04512	−0.121%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04501	−0.365%	$25K	$231K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04517	−0.011%	$1K	$1.9M	10x	as long as short
Nado MEGA-PERPlong	+0.0103%	1h	0.04517	long leg	$195K	$135K	2x
Extended MEGA-USD	+0.0104%	1h	0.04518	+0.003%	$128K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0110%	4h	0.04508	−0.210%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04517	−0.014%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04518	+0.015%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.600%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04507	−0.232%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0404%	1h	0.04521	+0.077%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.0918%	1h	0.04527	+0.215%	$7.7M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1188%	1h	0.04526	+0.182%	$110	$15	25x	as long as short
Lighter MEGAshort	+0.1320%	1h	0.04541	+0.520%	$639K	$320K	3x