Funding you earn now, next payment 01:00 UTC+0.0384%/8h= +42.0% APRpaid last 24h +0.114%
Price spread now: MEXC against Lighter−0.028%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$930.927% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.028%, 7d avg +0.030%
=Together, before fees+0.175%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.058% cheaper against Lighter than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.137% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% 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 USELESS | 0.2832 | 0.0096 | pay 0.0012% / 1h | 38m 57s | $1.3M | $1.1M | 3x |
| Short | MEXC USELESS_USDT | 0.2831 | 0.0480 | get 0.0240% / 4h | 3h 38m | $10.7M | $5.9M | 50x |
Lighter USELESS
MEXC USELESS_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
- $80.64
- Price spread: −0.028% → +0.030%
- −$5.78
- Slippage, 4 orders
- −$84.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$17.8
- Costs to cover
- 0.927%
- Break-even
- 8.5 days
Slippage from Lighter: live order book, 2 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, 2 min ago | 6.72 bp | 16.3 bp −$16 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.18 bp | 27.2 bp −$27 | 65.5 bp −$655 | 134.7 bp −$13.5K | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSlong | +0.0096% | 1h | 0.2832 | long leg | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2840 | +0.297% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2830 | −0.042% | $9.9M | $66.5M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2832 | +0.018% | $47K | $169K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2846 | +0.498% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2827 | −0.177% | $19K | $505K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2825 | −0.230% | $593K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2833 | +0.055% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0204% | 4h | 0.2827 | −0.155% | $5.2M | $10.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0420% | 4h | 0.2829 | −0.081% | $5.4M | $9.6M | 20x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance USELESSUSDT | +0.0476% | 4h | 0.2828 | −0.112% | $23.8M | $116.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0478% | 4h | 0.2826 | −0.183% | $21K | $192K | 10x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2828 | −0.127% | $300K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDTshort | +0.0480% | 4h | 0.2831 | −0.028% | $10.7M | $5.9M | 50x | |
| Gate USELESS_USDT | +0.0528% | 4h | 0.2818 | −0.477% | $7.1M | $8.3M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0665% | 1h | 0.2823 | −0.304% | $39K | $703K | 25x | as long as short |
| Aster USELESSUSDT | +0.1040% | 4h | 0.2833 | +0.060% | $651K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1069% | 4h | 0.2825 | −0.226% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1174% | 1h | 0.2837 | +0.180% | $14.2M | $21.0M | 3x | as long as short |
| BingX USELESS-USDT | +0.1282% | 4h | 0.2832 | +0.021% | — | $5.0M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1295% | 4h | 0.2834 | +0.099% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1347% | 4h | 0.2832 | −0.004% | $27.8M | $45.9M | 13x | as long as short |
| BloFin USELESS-USDT | +0.2045% | 4h | 0.2829 | −0.074% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +6.145% | $5K | $9K | 5.5x | as long as short |
Binance USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP