Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.0668 | +0.0032 | pay 0.0004% / 1h | 3m 11s | $49K | $159K | 10x | Long Lighter7d free | |
| SHORT | 6.1420 | 0 | 0.0000% / 8h | 4h 03m | $331K | $113K | 20x | Short MEXC |
Price gap+1.240%
Funding gap−0.0032% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 15 days. At the last 7 days' pace that is about 4.1 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 −0.237% over the last 7D
Price+$14spread +1.240% now, avg +1.100% → +0.140% if it goes back
Costs−$6016.014% of $10k · taker + slippage, in and out
Result−$611−6.11%+ 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+1.240%
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
/8hSMIC on 6 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size166.5 / 57.5 bpAt $10k entering Lighter costs 166.5 bp, fee and slippage, 2.9× MEXC’s.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, MEXC 20x. 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.
- OK: Entry gap works for you+1.240% vs +1.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$49K vs $331K 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−0.0113%/8h × 21 periods−$23.73
Price spread+1.240% → +1.100% (7d avg)+$13.98
Slippage, 4 orderslive order books−$597.44
Fee Lighter bp × 2 orders$0.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$611.19
Costs to cover6.014%Break-evennever at this rate
Slippage: Lighter: live order book, 57 min ago; MEXC: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter19.31166.5 bp−$167doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC17.8657.5 bp−$5897.6 bp−$976206.1 bp−$20.6Kdoesn’t fit
Closing costs about the same again.