Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.098%

Price spread now: MEXC against Lighter+0.240%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and MEXC is 0.240% dearer against Lighter than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.6004	0.0096	pay 0.0012% / 1h	36m 11s	$44K	$22K	3x
Short	MEXC EDGE_USDT	0.6018	0.0440	get 0.0220% / 4h	36m 11s	$1.1M	$759K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee MEXCbpOrdersPrice spread, now +0.240%Rate

Funding earned: $72.24
Price spread: +0.240% → 0.000%: $23.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: $88.23
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.83 bp	8.7 bp −$9	78.2 bp −$782	218.5 bp −$21.8K	783.7 bp −$391.8K

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EDGElong	+0.0096%	1h	0.6004	long leg	$44K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.6003	−0.010%	$7.3M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6012	+0.140%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6004	+0.007%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6023	+0.328%	$57K	$123K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.6047	+0.720%	$191K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6016	+0.206%	$9K	$3.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6050	+0.773%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5977	−0.443%	$3K	$644K	10x	as long as short
Aster EDGEUSDT	+0.0263%	4h	0.6016	+0.204%	$53K	$153K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0360%	4h	0.6020	+0.280%	$14.5M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0390%	4h	0.6025	+0.356%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0439%	4h	0.6016	+0.207%	$10.4M	$10.9M	50x	as long as short
Extended EDGE-USD	+0.0440%	1h	0.6017	+0.229%	$32K	$269K	5x	as long as short
MEXC EDGE_USDTshort	+0.0440%	4h	0.6018	+0.240%	$1.1M	$759K	50x
BloFin EDGE-USDT	+0.0461%	4h	0.6018	+0.240%	$674K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0625%	4h	0.6015	+0.190%	$3K	$1K	10x	as long as short