Funding you earn now, next payment 06:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.025%
Price spread now: MEXC against Lighter−0.032%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.032%, 7d avg −0.132%
=Together, before fees−0.183%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.100% dearer against Lighter than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.132%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06242 | 0.0096 | pay 0.0012% / 1h | 39m 33s | $191K | $207K | 5x |
| Short | MEXC PYTH_USDT | 0.06240 | 0.0032 | get 0.0016% / 4h | 2h 39m | $10.4M | $2.6M | 125x |
Lighter PYTH
MEXC PYTH_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
- −$13.44
- Price spread: −0.032% → −0.132%
- $9.96
- Slippage, 4 orders
- −$45.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$49.16
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 55 min ago; MEXC: live order book, 4 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, 55 min ago | 3.13 bp | 25.0 bp −$25 | 113.5 bp −$1,135 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.80 bp | 3.4 bp −$3 | 15.9 bp −$159 | 98.1 bp −$9,808 | 209.9 bp −$105.0K |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0466% | 1h | 0.06252 | +0.167% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0230% | 1h | 0.06248 | +0.096% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0094% | 4h | 0.06227 | −0.240% | $1.0M | $525K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0007% | 4h | 0.06275 | +0.529% | $425K | $75K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06245 | +0.049% | $185K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0031% | 4h | 0.06243 | +0.016% | $8.9M | $18.7M | 75x | as long as short |
| MEXC PYTH_USDTshort | +0.0032% | 4h | 0.06240 | −0.032% | $10.4M | $2.6M | 125x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.288% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06246 | +0.072% | $22K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06242 | long leg | $191K | $207K | 5x |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Binance PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06240 | −0.035% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06255 | +0.205% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06242 | 0.000% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06245 | +0.048% | $7.3M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06247 | +0.080% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06247 | +0.080% | $1.5M | $350K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06244 | +0.032% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06241 | −0.016% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06257 | +0.240% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06245 | +0.054% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0238% | 1h | 0.06251 | +0.147% | $381K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06248 | +0.093% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +4.021% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX