SMIC

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCSMICSTOCK_USDT	6.1170	0	0.0000% / 8h	3h 12m	$329K	$113K	20x	Long MEXC
SHORT	LighterSMIC	6.0615	+0.0032	get 0.0004% / 1h	12m 28s	$45K	$169K	10x	Short Lighter7d free

Price gap−0.907%

Funding gap+0.0032% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.184% above its 7d average: +$18 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$22+0.0032% /8h now · paid +0.222% over the last 7D

Price+$18spread −0.907% now, avg −1.091% → +0.184% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$41+0.41%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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−0.907%

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

/8h

SMIC on 6 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Lighter’s order book right now.
Note: Margin at max leverage$500 + $1,000
MEXC 20x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.96Long MEXC: 3 payments, $0.00; short Lighter: 24 payments, +$0.96.
OK: Entry gap works for you−0.907% vs −1.091%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$45K vs $329K OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCMEXC Yes · Lighter No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0106%/8h × 21 periods+$22.21

Price spread−0.907% → −1.091% (7d avg)+$18.40

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee MEXC bp × 2 orders−$8.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: MEXC: live order book, 6 min ago; Lighter: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC7.3514.2 bp−$1450.6 bp−$506203.6 bp−$20.4Kdoesn’t fit

SELL · SHORTLighter28.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.