Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 102.88 | +0.0032 | pay 0.0004% / 1h | 8m 44s | $5.1M | $10.7M | 20x | Long Lighter7d free | |
| SHORT | 103.16 | 0 | 0.0000% / 4h | 2h 08m | $66.9M | $74.8M | 200x | Short MEXC |
Price gap+0.273%
Funding gap−0.0032% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 20 days. At the last 7 days' pace that is about 5.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.0032% /8h now · paid −0.242% over the last 7D
Price+$20spread +0.273% now, avg +0.076% → +0.197% if it goes back
Costs−$120.117% of $10k · taker + slippage, in and out
Result−$16−0.16%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.273%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCL on 44 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books0.2 / 2.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $50Lighter 20x, MEXC 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.96Long Lighter: 24 payments, −$0.96; short MEXC: 6 payments, $0.00.
- OK: Entry gap works for you+0.273% vs +0.076%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$5.1M vs $66.9M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0115%/8h × 21 periods−$24.18
Price spread+0.273% → +0.076% (7d avg)+$19.68
Slippage, 4 orderslive order books−$9.66
Fee Lighter bp × 2 orders$0.00
Fee MEXC bp × 2 orders−$2.00
Net · 7 days · $10k−$16.16
Costs to cover0.117%Break-evenfrom the start
Slippage: Lighter: live order book, 3 min ago; MEXC: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.100.2 bp$00.8 bp−$812.9 bp−$1,289113.6 bp−$56.8K
SELL · SHORTMEXC1.452.5 bp−$25.4 bp−$5430.1 bp−$3,013173.1 bp−$86.5K
Closing costs about the same again.
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