Funding you earn now, next payment 12:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h −0.169%
Price spread now: MEXC against Lighter−0.164%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2092.095% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.164%, 7d avg −0.205%
=Together, before fees−0.347%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.041% dearer against Lighter than usual: you sell high and buy low (spread −0.164% now, against its 7-day average of −0.205%): +$4 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.286% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.286% in total (about -14.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BB | 9.0649 | 0.1064 | pay 0.0133% / 1h | 9m 25s | $198K | $160K | 10x |
| Short | MEXC BBSTOCK_USDT | 9.0500 | 0.0314 | get 0.0314% / 8h | 4h 09m | $358K | $143K | 50x |
Lighter BB
MEXC BBSTOCK_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
- −$157.5
- Price spread: −0.164% → −0.205%
- $4.06
- Slippage, 4 orders
- −$209.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$362.89
- Costs to cover
- 2.095%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; MEXC: live order book, 14 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 | 17.90 bp | 17.9 bp −$18 | 23.3 bp −$233 | 61.7 bp −$6,169 | doesn't fit |
| Sell MEXC live order book, 14 min ago | 16.38 bp | 94.7 bp −$95 | 189.7 bp −$1,897 | 211.6 bp −$21.2K | 299.3 bp −$149.7K |
BB on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 9.0510 | −0.153% | $57K | $33K | 20x | as long as short |
| QFEX BB-USD | +0.0046% | 1h | 9.0600 | −0.054% | $1.1M | $267K | 10x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 9.0600 | −0.054% | — | $1K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 9.0391 | −0.285% | $602K | $491K | 10x | as long as short |
| MEXC BBSTOCK_USDTshort | +0.0314% | 8h | 9.0500 | −0.164% | $358K | $143K | 50x | |
| OKX BB-USDT-SWAP | +0.0505% | 8h | 9.0540 | −0.120% | $396K | $1.0M | 20x | as long as short |
| tradeXYZ xyz:BB | +0.0962% | 1h | 9.0500 | −0.164% | $11.5M | $4.5M | 10x | as long as short |
| Extended BB-USD | +0.0968% | 1h | 9.0520 | −0.142% | $9K | $13K | 10x | as long as short |
| Lighter BBlong | +0.1064% | 1h | 9.0649 | long leg | $198K | $160K | 10x |
Bitget BBSTOCKUSDT
QFEX BB-USD
Vest BB-USD-PERP
Ondo Perps BB-USD.P
OKX BB-USDT-SWAP
tradeXYZ xyz:BB
Extended BB-USD