MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1275%/8h= +139.6% APRnext payment +$1.59 per $10,000 · paid last 24h +0.214%

Price spread now: Lighter against ApeX Omni+0.728%7-day average +0.242% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$2012.007% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.297%+$30 on $10k

Price spread, last 4 days (all we have)−1.582%−$158 · spread now +0.728%, 7d avg +0.242%

Together, before fees−1.285%+ Points / potential airdropLighter: Season 3 · farm board−$129 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Lighter is 0.486% dearer against ApeX Omni than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.242%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.297% in total (about 15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04532	−0.0059	get 0.0007% / 1h	46m 57s	$24K	$231K	50x
Short	Lighter MEGA	0.04565	0.1216	get 0.0152% / 1h	46m 57s	$642K	$324K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.728%Rate

Funding earned: $267.72
Price spread: +0.728% → +0.242%: $48.65
Slippage, 4 orders: −$190.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $115.66
Costs to cover: 2.007%
Break-even: 4.0 days

Slippage from ApeX Omni: live order book, 19 min ago; Lighter: live order book, 14 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 ApeX Omni live order book, 19 min ago	9.75 bp	18.6 bp −$19	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	33.51 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit

MEGA on 28 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
Coinbase International MEGA-PERP-INTX	−0.0432%	1h	0.04490	−0.918%	$5K	$12K	50x	as long as short
ApeX Omni MEGAUSDTlong	−0.0059%	1h	0.04532	long leg	$24K	$231K	50x
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04541	+0.195%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0086%	1h	0.04543	+0.232%	$196K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04544	+0.274%	$17K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04542	+0.223%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04548	+0.353%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04547	+0.331%	$3.5M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04546	+0.309%	$933K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04535	+0.066%	$134K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04546	+0.309%	$202K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04548	+0.353%	$843K	$359K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04542	+0.221%	$237K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04547	+0.331%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04547	+0.331%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04528	−0.093%	$319K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04531	−0.022%	$28K	$1.7M	10x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04542	+0.221%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04538	+0.132%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04539	+0.162%	$127K	$824K	5x	as long as short
BloFin MEGA-USDT	+0.0140%	4h	0.04533	+0.022%	$203K	$89K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04539	+0.161%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04531	−0.022%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0205%	1h	0.04547	+0.331%	$18K	$43K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04541	+0.194%	$3K	—	45x	as long as short
Lighter MEGAshort	+0.1216%	1h	0.04565	+0.728%	$642K	$324K	3x
Hyperliquid MEGA	+0.2163%	1h	0.04555	+0.512%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2373%	1h	0.04548	+0.360%	$110	$15	25x	as long as short