TENCENT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterTENCENT	49.595	+0.1072	pay 0.0134% / 1h	44m 45s	$76K	$1K	10x	Long Lighter7d free
SHORT	MEXCTENCENTSTOCK_USDT	49.460	+0.0738	get 0.0369% / 4h	44m 45s	$206K	$101K	20x	Short MEXC

Price gap−0.272%

Funding gap−0.0334% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.272% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

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

Funding+$7−0.0334% /8h now · paid +0.066% over the last 7D

Price—spread −0.272% now · no price history on both exchanges yet

Costsno datano order book for Lighter

Result, before costs—+ Points / potential airdropLighter: Season 3 · farm boardneeds both price histories

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.066% in total, about +0.0032%/8h on average.

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−0.272%

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

TENCENT on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Lighter: its slippage is not counted.
Note: Margin at max leverage$1,000 + $500
Lighter 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$10.02Long Lighter: 24 payments, −$32.16; short MEXC: 6 payments, +$22.14.
Note: No 7-day spread history−0.272%
The gap cannot be compared with its average yet.
Watch: Long leg is thinner$76K vs $206K 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: KYCLighter No · MEXC Yes
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+0.0032%/8h × 21 periods+$6.62

Price spread−0.272% → 0−$27.22

Slippage, 4 ordersno data for Lighter—

Fee Lighter bp × 2 orders$0.00

Fee MEXC bp × 2 orders−$4.00

Net, fees only · 7 days · $10k−$24.60

Costs to cover0.040%Break-even33.0 days

Slippage: Lighter: no order-book sample; MEXC: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter—————

SELL · SHORTMEXC7.0924.4 bp−$2473.0 bp−$730206.0 bp−$20.6Kdoesn’t fit

Closing costs about the same again.
Lighter: no data.

TENCENT news

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10-15 13:32

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NCSKTCEHY2USD-USDT no longer reported ($TENCENT) seen by our collector