Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.059%
Price spread now: MEXC against Lighter−0.140%7-day average −0.256% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.140%, 7d avg −0.256%
=Together, before fees+0.407%+ Points / potential airdropLighter: Season 3 · farm board+$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.116% dearer against Lighter than usual: you sell high and buy low (spread −0.140% now, against its 7-day average of −0.256%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.417%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AUDUSD | 0.7132 | 0.0024 | pay 0.0003% / 1h | 27m 21s | $529K | $91K | 25x |
| Short | MEXC AUD_USDT | 0.7122 | −0.0216 | pay 0.0108% / 4h | 2h 27m | $9.8M | $230K | 100x |
Lighter AUDUSD
MEXC AUD_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
- −$50.4
- Price spread: −0.140% → −0.256%
- $11.57
- Slippage, 4 orders
- −$22.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$69.82
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; MEXC: live order book, 1 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, 13 min ago | 10.02 bp | 10.0 bp −$10 | 12.1 bp −$121 | 72.2 bp −$7,224 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.40 bp | 5.4 bp −$5 | 6.0 bp −$60 | 33.3 bp −$3,330 | doesn't fit |
AUD on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC AUD_USDTshort | −0.0216% | 4h | 0.7122 | −0.140% | $9.8M | $230K | 100x | |
| Lighter AUDUSDlong | +0.0024% | 1h | 0.7132 | long leg | $529K | $91K | 25x | |
| Injective AUDUSD/USDC PERP | +0.0033% | 1h | 0.7110 | −0.303% | $592 | $3 | 101x | as long as short |
| Vest AUD-USD-PERP | +0.0034% | 1h | 0.7105 | −0.383% | — | $71K | 100x | as long as short |
| Hibachi AUD/USDT-P | +0.0296% | 1h | 0.7123 | −0.126% | $9K | $2.4M | 20x | as long as short |
Injective AUDUSD/USDC PERP
Vest AUD-USD-PERP
Hibachi AUD/USDT-P