Funding you earn now, next payment 05:00 UTC−0.2552%/8h= −279.4% APRpaid last 24h −0.513%
Price spread now: MEXC against Lighter−0.105%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.105%, 7d avg −0.127%
=Together, before fees−0.526%+ Points / potential airdropLighter: Season 3 · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.021% dearer against Lighter than usual: you sell high and buy low (spread −0.105% now, against its 7-day average of −0.127%): +$2 on $10k if it goes back. Holding the pair costs −$77 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.318% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.318% in total (about -16.6% 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 | Lighter PROVE | 0.2279 | 0.0096 | pay 0.0012% / 1h | 56m 28s | $79K | $131K | 3x |
| Short | MEXC PROVE_USDT | 0.2277 | −0.2456 | pay 0.1228% / 4h | 3h 56m | $295K | $416K | 20x |
Lighter PROVE
MEXC PROVE_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
- −$535.92
- Price spread: −0.105% → −0.127%
- $2.14
- Slippage, 4 orders
- −$103.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$641.04
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; MEXC: live order book, 44 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, 43 min ago | 30.16 bp | 45.5 bp −$46 | 228.1 bp −$2,281 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 44 min ago | 4.28 bp | 12.6 bp −$13 | 51.0 bp −$510 | 239.2 bp −$23.9K | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PROVE_USDT_Perp | −0.3282% | 4h | 0.2288 | +0.377% | $221K | $2.9M | 10x | as long as short |
| Gate PROVE_USDT | −0.2946% | 4h | 0.2276 | −0.149% | $195K | $637K | 75x | as long as short |
| Aster PROVEUSDT | −0.2521% | 4h | 0.2277 | −0.105% | $45K | $278K | 5x | as long as short |
| Binance PROVEUSDT | −0.2456% | 4h | 0.2279 | −0.018% | $3.4M | $38.0M | 75x | as long as short |
| MEXC PROVE_USDTshort | −0.2456% | 4h | 0.2277 | −0.105% | $295K | $416K | 20x | |
| OKX PROVE-USDT-SWAP | −0.2456% | 4h | 0.2277 | −0.105% | $626K | $8.3M | 20x | as long as short |
| Bitget PROVEUSDT | −0.2452% | 4h | 0.2278 | −0.061% | $652K | $5.2M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.2138% | 4h | 0.2281 | +0.053% | $2.8M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.2082% | 1h | 0.2300 | +0.900% | $49K | $335K | 50x | as long as short |
| Variational Omni PROVE | −0.1148% | 4h | 0.2318 | +1.698% | $28K | $47K | — | as long as short |
GRVT PROVE_USDT_Perp
Gate PROVE_USDT
Aster PROVEUSDT
Binance PROVEUSDT
OKX PROVE-USDT-SWAP
Bitget PROVEUSDT
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT
Variational Omni PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PROVE | −0.1131% | 1h | 0.2278 | −0.048% | $335K | $958K | 3x | as long as short |
| Lighter PROVElong | +0.0096% | 1h | 0.2279 | long leg | $79K | $131K | 3x | |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2283 | +0.158% | $2.1M | $11.5M | 25x | as long as short |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2282 | +0.114% | — | $2.5M | — | as long as short |
Hyperliquid PROVE
Bybit PROVEUSDT
BingX PROVE-USDT