Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.7920 | +0.0032 | pay 0.0004% / 1h | 47m 37s | $34K | $1.8M | 5x | Long Lighter7d free | |
| SHORT | 4.7870 | 0 | 0.0000% / 8h | 5h 47m | $430K | $109K | 25x | Short MEXC |
Price gap−0.104%
Funding gap−0.0032% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.595% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0032% /8h now · paid −0.061% over the last 7D
Price−$60spread −0.104% now, avg +0.491% → −0.595% if it goes back
Costs−$4984.979% of $10k · taker + slippage, in and out
Result−$564−5.64%+ 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−0.104%
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
/8hSHEIN on 10 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size211.9 / 98.5 bpAt $10k entering Lighter costs 211.9 bp, fee and slippage, 2.2× MEXC’s.
- Note: Margin at max leverage$2,000 + $400Lighter 5x, MEXC 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments 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: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.104% vs +0.491%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$34K vs $430K 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−0.0029%/8h × 21 periods−$6.06
Price spread−0.104% → +0.491% (7d avg)−$59.53
Slippage, 4 orderslive order books−$493.94
Fee Lighter bp × 2 orders$0.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$563.53
Costs to cover4.979%Break-evennever at this rate
Slippage: Lighter: live order book, 3 min ago; MEXC: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter26.52211.9 bp−$212529.7 bp−$5,297doesn’t fitdoesn’t fit
SELL · SHORTMEXC41.6598.5 bp−$99124.1 bp−$1,241242.0 bp−$24.2Kdoesn’t fit
Closing costs about the same again.