Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 99.230 | 0 | 0.0000% / 8h | 4h 45m | $1.8M | $110K | 20x | Long MEXC | |
| SHORT | 98.999 | −0.0208 | pay 0.0026% / 1h | 45m 34s | $829K | $2.7M | 10x | Short Lighter7d free |
Price gap−0.233%
Funding gap−0.0208% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.053% 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−$10−0.0208% /8h now · paid −0.103% over the last 7D
Price−$5spread −0.233% now, avg −0.180% → −0.053% if it goes back
Costs−$270.272% of $10k · taker + slippage, in and out
Result−$43−0.43%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.103% in total, about −0.0049%/8h on average.
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−0.233%
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
/8hSTRC on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books9.7 / 6.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.24Long MEXC: 3 payments, $0.00; short Lighter: 24 payments, −$6.24.
- Watch: Gap narrower than usual−0.233% vs −0.180%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$829K vs $1.8M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCMEXC Yes · Lighter NoKYC 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−0.0049%/8h × 21 periods−$10.34
Price spread−0.233% → −0.180% (7d avg)−$5.30
Slippage, 4 orderslive order books−$23.23
Fee MEXC bp × 2 orders−$4.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$42.87
Costs to cover0.272%Break-evennever at this rate
Slippage: MEXC: live order book, 5 min ago; Lighter: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC3.539.7 bp−$1016.1 bp−$161150.8 bp−$15.1Kdoesn’t fit
SELL · SHORTLighter0.916.1 bp−$614.4 bp−$144doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-18 05:09 | BingX | Token | $BTC rebounds, and $MSTR follows with a 5.62% jump 📈 A fresh Bitcoin purchase and $192M STRC buyback keep Strategy in focus What's driving the momentum? Read more👇 @BingXOfficial on X ↗ |
| 10-02 12:00 | KuCoin | Other | Bitcoin's next big market may not be owning BTC at all—it may be financing the companies that hold it. "Digital credit" barely existed two years ago; it's now an estimated $16 billion market. Strategy's STRC pays a 12% annualized dividend twice a month, but it isn't backed by Strategy's Bitcoin—and June exposed the risk, when the share fell nearly 29% below its $100 stated value and Strategy sold BTC to cover dividends. Could this $16B market really rival Bitcoin's $1.5T cap? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |
| 09-18 17:43 | Avantis | Other | Advanced tech. $NOW — Agentic AI is the growth engine, or the thing that eats the seat model and the gross margin with it? $RKLB — Neutron flies and re-rates the whole company, or a space-systems manufacturer priced on a rocket that keeps slipping? $STRC — a yield instrument that already broke par once, or credit the ATM engine can still refinance? @verantaxyz on X ↗ |


BingX
KuCoin
Avantis