Funding you earn now, next payment 00:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.037%
Price spread now: MEXC against Lighter+0.020%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as in the Price arb table
costs, in and out, $10k−$10.013% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.020%, 7d avg −0.002%
=Together, before fees+0.258%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.022% dearer against Lighter than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.002%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.252%, 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 US100 | 30,536 | 0.0032 | pay 0.0004% / 1h | 40m 18s | $3.8M | $92.9M | 30x |
| Short | MEXC NAS100_USDT | 30,542 | −0.0105 | pay 0.0105% / 8h | 40m 18s | $22.6M | $19.4M | 200x |
Lighter US100
MEXC NAS100_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
- −$28.77
- Price spread: +0.020% → −0.002%
- $2.2
- Slippage, 4 orders
- −$1.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$27.88
- Costs to cover
- 0.013%
- Break-even
- from the start
Slippage from Lighter: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago | 0.49 bp | 0.5 bp $0 | 0.5 bp −$5 | 4.4 bp −$441 | 216.7 bp −$108.3K |
| Sell MEXC live order book, 3 min ago | 0.16 bp | 0.2 bp $0 | 0.8 bp −$8 | 29.4 bp −$2,942 | 129.3 bp −$64.7K |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0218% | 8h | 30,532 | −0.013% | $102K | $38K | 20x | as long as short |
| MEXC NAS100_USDTshort | −0.0105% | 8h | 30,542 | +0.020% | $22.6M | $19.4M | 200x | |
| Gate NAS100_USDT | −0.0026% | 8h | 30,492.3 | −0.143% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,518 | −0.059% | $259K | $357K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,506 | −0.098% | $3.5M | $667K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,540 | +0.013% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,473 | −0.206% | $1.4M | $173K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,543 | +0.023% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,536 | long leg | $3.8M | $92.9M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,541.2 | +0.017% | $2.1M | $5.5M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,826.4 | +0.951% | — | $194.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,534.9 | −0.004% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,542 | +0.020% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0218% | 1h | 30,557.2 | +0.069% | $6.0M | $8.9M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.8 | +0.252% | $124K | $123K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD