Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 350.82 | +0.0227 | pay 0.0227% / 8h | 7h 57m | $15.7M | $14.8M | 100x | Long MEXC | |
| SHORT | 350.69 | +0.0056 | get 0.0007% / 1h | 57m 45s | $940K | $2.4M | 20x | Short Lighter7d free |
Price gap−0.037%
Funding gap−0.0171% /8h
Funding costs $5 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0171% /8h now · paid −0.014% over the last 7D
Price−$1spread −0.037% now, avg −0.024% → −0.013% if it goes back
Costs−$30.028% 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
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.037%
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
2 ok · 3 to watch- OK: Fits both order books0.1 / 1.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500MEXC 100x, Lighter 20x. 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: −$5.13Long MEXC: 3 payments, −$6.81; short Lighter: 24 payments, +$1.68.
- Note: Gap at its usual level−0.037% vs −0.024%The price leg adds little either way.
- Watch: Short leg is thinner$940K vs $15.7M 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−0.0007%/8h × 21 periods−$1.38
Price spread−0.037% → −0.024% (7d avg)−$1.31
Slippage, 4 orderslive order books−$2.82
Fee MEXC bp × 2 orders$0.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$5.51
Costs to cover0.028%Break-evennever at this rate
Slippage: MEXC: live order book, 5 min ago; Lighter: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.140.1 bp$00.5 bp−$53.0 bp−$298161.9 bp−$81.0K
SELL · SHORTLighter0.281.0 bp−$12.3 bp−$23103.6 bp−$10.4Kdoesn’t fit
Closing costs about the same again.
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