Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%
Price spread now: MEXC against Lighter+0.019%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.019%, 7d avg −0.035%
=Together, before fees−0.086%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.054% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9951 | 0.0096 | pay 0.0012% / 1h | 16m 07s | $148K | $370K | 5x |
| Short | MEXC FIL_USDC | 0.9953 | 0.0100 | get 0.0100% / 8h | 3h 16m | $235K | $105K | 50x |
Lighter FIL
MEXC FIL_USDCFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.019% → −0.035%
- $5.42
- Slippage, 4 orders
- −$41.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$35.7
- Costs to cover
- 0.420%
- Break-even
- 304.5 days
Slippage from Lighter: live order book, 28 min ago; MEXC: live order book, 18 min ago.
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 live order book, 28 min ago | 7.86 bp | 15.9 bp −$16 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 18 min ago | 2.00 bp | 5.7 bp −$6 | 10.9 bp −$109 | 71.0 bp −$7,102 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0452% | 1h | 0.9959 | +0.079% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9963 | +0.120% | $358K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9959 | +0.084% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9962 | +0.105% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0007% | 8h | 0.9952 | +0.009% | $18.3M | $106.1M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0021% | 8h | 0.9953 | +0.019% | $7.3M | $7.8M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.966% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0067% | 1h | 0.9959 | +0.083% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9951 | long leg | $148K | $370K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9960 | +0.090% | $8.4M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9957 | +0.058% | $508K | $613K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9952 | +0.012% | $57.0M | $185.0M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9953 | +0.019% | $15.8M | $20.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9955 | +0.039% | $8.4M | $16.9M | 50x | as long as short |
| MEXC FIL_USDCshort | +0.0100% | 8h | 0.9953 | +0.019% | $235K | $105K | 50x | |
| Bitget FILUSDT | +0.0100% | 8h | 0.9952 | +0.009% | $11.2M | $20.5M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9958 | +0.069% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9946 | −0.054% | $450K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9944 | −0.068% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9945 | −0.060% | $296K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9940 | −0.112% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9967 | +0.155% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | +0.089% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9951 | −0.001% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9961 | +0.099% | $620K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9950 | −0.011% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9953 | +0.017% | $700K | $1.8M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9944 | −0.071% | $2.7M | $712K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0584% / S −0.0255% | 1h | 0.9957 | +0.059% | $266K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]