Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.056%

Price spread now: Lighter against MEXC−0.249%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.249% cheaper against MEXC than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EDGE_USDT	0.5854	0.0376	pay 0.0188% / 4h	1h 48m	$1.2M	$919K	50x
Short	Lighter EDGE	0.5839	0.0096	get 0.0012% / 1h	48m 24s	$54K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$58.8
Price spread: −0.249% → 0.000%: −$24.94
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$91.74
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Lighter: no order-book sample. 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 MEXC live order book, 3 min ago	0.86 bp	11.4 bp −$11	76.4 bp −$764	226.7 bp −$22.7K	763.0 bp −$381.5K
Sell Lighter no order-book sample	—	—	—	—	—

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 EDGEshort	+0.0096%	1h	0.5839	−0.249%	$54K	$8K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5848	−0.102%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5858	+0.068%	$4.7M	$993K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5856	+0.032%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5830	−0.410%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5838	−0.273%	$7K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5844	−0.171%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5818	−0.615%	$4K	$604K	10x	as long as short
KuCoin EDGEUSDTM	+0.0200%	4h	0.5849	−0.085%	$2.1M	$2.3M	50x	as long as short
Binance EDGEUSDT	+0.0373%	4h	0.5856	+0.028%	$9.9M	$10.0M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0376%	1h	0.5858	+0.070%	$26K	$230K	5x	as long as short
MEXC EDGE_USDTlong	+0.0376%	4h	0.5854	long leg	$1.2M	$919K	50x
Aster EDGEUSDT	+0.0383%	4h	0.5855	+0.017%	$67K	$136K	5x	as long as short
BloFin EDGE-USDT	+0.0423%	4h	0.5852	−0.034%	$627K	$124K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0450%	4h	0.5856	+0.034%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0451%	4h	0.5843	−0.187%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0468%	4h	0.5856	+0.034%	$3K	—	10x	as long as short