Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 348.36 | +0.0409 | pay 0.0409% / 8h | 1h 48m | $16.4M | $13.6M | 100x | Long MEXC | |
| SHORT | 348.69 | +0.0032 | get 0.0004% / 1h | 48m 21s | $1.8M | $3.3M | 20x | Short Lighter RH |
Price gap+0.095%
Funding gap−0.0377% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 20 hours. At the last 7 days' pace that is about 9.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0377% /8h now · paid −0.070% over the last 7D
Price+$10spread +0.095% now, avg 0.000% → +0.095% if it goes back
Costs−$30.029% of $10k · taker + slippage, in and out
Result$00.00%+ Points / potential airdropLighter RH: Points live · 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 −0.070% in total, about −0.0033%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.095%
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 38 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books0.1 / 1.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500MEXC 100x, Lighter RH 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: −$11.31Long MEXC: 3 payments, −$12.27; short Lighter RH: 24 payments, +$0.96.
- OK: Entry gap works for you+0.095% vs 0.000%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1.8M vs $16.4M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCMEXC Yes · Lighter RH 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−0.0033%/8h × 21 periods−$7.00
Price spread+0.095% → 0.000% (7d avg)+$9.50
Slippage, 4 orderslive order books−$2.86
Fee MEXC bp × 2 orders$0.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$0.36
Costs to cover0.029%Break-evenfrom the start
Slippage: MEXC: live order book, 9 min ago; Lighter RH: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.140.1 bp$00.2 bp−$21.9 bp−$192174.2 bp−$87.1K
SELL · SHORTLighter RH0.861.4 bp−$15.9 bp−$5940.0 bp−$4,000doesn’t fit
Closing costs about the same again.
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