Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 347.59 | +0.0032 | pay 0.0004% / 1h | 32m 54s | $936K | $2.4M | 20x | Long Lighter7d free | |
| SHORT | 347.75 | +0.0275 | get 0.0275% / 8h | 32m 54s | $14.0M | $15.1M | 100x | Short MEXC |
Price gap+0.046%
Funding gap+0.0243% /8h
Both sides work: funding pays +$7 a day on $10k, and the gap is 0.022% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0243% /8h now · paid +0.014% over the last 7D
Price+$2spread +0.046% now, avg +0.024% → +0.022% if it goes back
Costs−$90.092% of $10k · taker + slippage, in and out
Result−$6−0.06%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.014% in total, about +0.0007%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.046%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books0.3 / 4.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $100Lighter 20x, MEXC 100x. 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: +$7.29Long Lighter: 24 payments, −$0.96; short MEXC: 3 payments, +$8.25.
- OK: Entry gap works for you+0.046% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$936K vs $14.0M 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+0.0007%/8h × 21 periods+$1.38
Price spread+0.046% → +0.024% (7d avg)+$2.21
Slippage, 4 orderslive order books−$1.22
Fee Lighter bp × 2 orders$0.00
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$5.63
Costs to cover0.092%Break-even35.6 days
Slippage: Lighter: live order book, 8 min ago; MEXC: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.140.3 bp$02.8 bp−$28doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.144.1 bp−$44.1 bp−$415.7 bp−$572167.6 bp−$83.8K
Closing costs about the same again.
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