Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h −0.032%
Price spread now: Lighter against MEXC−0.013%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.013%, 7d avg −0.016%
=Together, before fees+0.166%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GBP_USDT | 1.3377 | −0.0078 | get 0.0039% / 4h | 38m 40s | $26.0M | $228K | 100x |
| Short | Lighter GBPUSD | 1.3375 | 0 | get 0.0000% / 1h | 38m 40s | $181K | $999K | 50x |
MEXC GBP_USDT
Lighter GBPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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
- $16.38
- Price spread: −0.013% → −0.016%
- $0.33
- Slippage, 4 orders
- −$7.21
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.51
- Costs to cover
- 0.152%
- Break-even
- 6.4 days
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 17 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 MEXC live order book, 5 min ago | 1.12 bp | 5.1 bp −$5 | 5.7 bp −$57 | 6.2 bp −$620 | 39.8 bp −$19.9K |
| Sell Lighter live order book, 17 min ago | 1.16 bp | 1.2 bp −$1 | 6.4 bp −$64 | 47.2 bp −$4,724 | doesn't fit |
GBP on 13 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 GBP_USDTlong | −0.0078% | 4h | 1.3377 | long leg | $26.0M | $228K | 100x | |
| Nado GBPUSD-PERP | −0.0067% | 1h | 1.3379 | +0.015% | $16K | $7K | 40x | as long as short |
| tradeXYZ xyz:GBP | 0.0000% | 1h | 1.3376 | −0.007% | $233K | $343K | 50x | as long as short |
| Lighter GBPUSDshort | 0.0000% | 1h | 1.3375 | −0.013% | $181K | $999K | 50x | |
| Bybit GBPUSDUSDT | 0.0000% | 8h | 1.3377 | +0.004% | $245K | $69K | 100x | as long as short |
| Gate GBPUSD_USDT | 0.0000% | 8h | 1.3388 | +0.082% | $222K | $9K | 100x | as long as short |
| Bitget GBPUSDUSDT | 0.0000% | 8h | 1.3378 | +0.007% | $12K | $13K | 100x | as long as short |
| SunX GBPUSD-USDT | 0.0000% | 1h | 1.3377 | 0.000% | — | $2.4M | 10x | as long as short |
| Kraken Futures PF_GBPUSD | 0.0000% | 1h | 1.3370 | −0.050% | $991 | — | 20x | as long as short |
| HTX GBPUSD-USDT | 0.0000% | 1h | 1.3333 | −0.329% | $5K | $334K | 20x | as long as short |
Nado GBPUSD-PERP
tradeXYZ xyz:GBP
Bybit GBPUSDUSDT
Gate GBPUSD_USDT
Bitget GBPUSDUSDT
SunX GBPUSD-USDT
Kraken Futures PF_GBPUSD
HTX GBPUSD-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GBP-USD-PERP | +0.0038% | 1h | 1.3367 | −0.072% | — | $38K | 100x | as long as short |
| Injective GBPUSD/USDC PERP | +0.0220% | 1h | 1.3512 | +1.007% | $11K | $73K | 101x | as long as short |
| Hibachi GBP/USDT-P | +0.0328% | 1h | 1.3380 | +0.021% | $19K | $34K | 20x | as long as short |
Vest GBP-USD-PERP
Injective GBPUSD/USDC PERP
Hibachi GBP/USDT-P