Funding you earn now, next payment 22:00 UTC+0.1308%/8h= +143.2% APRpaid last 24h +0.130%
Price spread now: Lighter against OKX+0.677%7-day average +0.285% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2712.712% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 4 days (all we have)−0.677%−$68 · spread now +0.677%, 7d avg +0.285%
=Together, before fees−0.462%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Lighter is 0.391% dearer against OKX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.285%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% a year). A funding rate is set anew for every payment. 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 | OKX MEGA-USDT-SWAP | 0.04434 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $908K | $2.8M | 20x |
| Short | Lighter MEGA | 0.04464 | 0.1408 | get 0.0176% / 1h | 56m 28s | $600K | $299K | 3x |
OKX MEGA-USDT-SWAP
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $274.68
- Price spread: +0.677% → +0.285%
- $39.13
- Slippage, 4 orders
- −$261.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $42.63
- Costs to cover
- 2.712%
- Break-even
- 5.9 days
Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 28 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 OKX live order book, 6 min ago | 3.37 bp | 34.5 bp −$35 | 173.3 bp −$1,733 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 28 min ago | 57.78 bp | 105.3 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0288% | 1h | 0.04400 | −0.760% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04434 | −0.011% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04458 | +0.541% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0025% | 1h | 0.04438 | +0.090% | $192K | $156K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0089% | 4h | 0.04435 | +0.023% | $197K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04435 | +0.023% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04440 | +0.136% | $20K | $81K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04444 | +0.226% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04437 | +0.068% | $4.0M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04434 | 0.000% | $3.4M | $4.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAPlong | +0.0100% | 4h | 0.04434 | long leg | $908K | $2.8M | 20x | |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04460 | +0.586% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04438 | +0.090% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04436 | +0.045% | $782K | $349K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04437 | +0.068% | $229K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04438 | +0.090% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04435 | +0.023% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04441 | +0.158% | $14K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04458 | +0.543% | $241K | $107K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04452 | +0.406% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04449 | +0.338% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04437 | +0.068% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04436 | +0.045% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04438 | +0.081% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04435 | +0.011% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.1169% | 1h | 0.04447 | +0.300% | $7.6M | $2.4M | 3x | as long as short |
| Lighter MEGAshort | +0.1408% | 1h | 0.04464 | +0.677% | $600K | $299K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1418% | 1h | 0.04444 | +0.237% | $108 | $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
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL