Funding you earn now, next payment 09:00 UTC+0.0908%/8h= +99.4% APRnext payment +$1.14 per $10,000 · paid last 24h +0.246%
Price spread now: Lighter against Bulk−0.261%7-day average +0.234% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1531.534% of the position
Funding, last 4 days (all we have)+0.342%+$34 on $10k
+Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.261%, 7d avg +0.234%
=Together, before fees+0.660%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.496% cheaper against Bulk than usual: you would sell low and buy high (spread −0.261% now, against its 7-day average of +0.234%). If the spread goes back, that is −$50 on $10k: about 44 hours of funding at the current rate (+$27 a day). At the pace of the last 4 days (+0.342% in total) that is about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MEGA-USD | 0.04590 | 0.0100 | pay 0.0013% / 1h | 53m 25s | $136K | −$0 | 10x |
| Short | Lighter MEGA | 0.04578 | 0.1008 | get 0.0126% / 1h | 53m 25s | $611K | $380K | 3x |
Bulk MEGA-USD
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bulk. 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
- $190.68
- Price spread: −0.261% → +0.234%
- −$49.57
- Slippage, 4 orders
- −$146.43
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.32
- Costs to cover
- 1.534%
- Break-even
- 7.5 days
Slippage from Bulk: live order book, 45 min ago; Lighter: live order book, 37 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 Bulk live order book, 45 min ago | 10.88 bp | 14.4 bp −$14 | 45.4 bp −$454 | 397.2 bp −$39.7K | doesn't fit |
| Sell Lighter live order book, 37 min ago | 19.69 bp | 37.1 bp −$37 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEGAUSDT | −0.0168% | 4h | 0.04562 | −0.610% | $3.5M | $5.9M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04555 | −0.763% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04556 | −0.748% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0047% | 1h | 0.04560 | −0.654% | $196K | $140K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0097% | 4h | 0.04591 | +0.022% | $204K | $96K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04563 | −0.590% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04559 | −0.684% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04563 | −0.586% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04560 | −0.654% | $913K | $3.2M | 20x | as long as short |
| Bulk MEGA-USDlong | +0.0100% | 1h | 0.04590 | long leg | $136K | −$0 | 10x |
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04558 | −0.697% | $205K | $321K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04563 | −0.588% | $755K | $401K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04561 | −0.632% | $242K | $124K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04563 | −0.588% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04559 | −0.675% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04558 | −0.697% | $17K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04572 | −0.398% | $322K | $223K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04558 | −0.695% | $29K | $2.0M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04560 | −0.654% | $23K | $226K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04554 | −0.784% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04553 | −0.806% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04556 | −0.735% | $128K | $799K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04563 | −0.593% | $3 | — | 3x | as long as short |
| Hyperliquid MEGA | +0.0224% | 1h | 0.04574 | −0.351% | $7.9M | $2.6M | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04556 | −0.739% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0452% | 1h | 0.04559 | −0.678% | $110 | $15 | 25x | as long as short |
| Lighter MEGAshort | +0.1008% | 1h | 0.04578 | −0.261% | $611K | $380K | 3x | |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | −0.011% | $5K | $12K | 50x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Hyperliquid MEGA
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Coinbase International MEGA-PERP-INTX