Funding you earn now, next payment 04:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h +0.125%
Price spread now: Deribit against Lighter−0.533%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$4 a day on $10k at the current rate, and Deribit is 0.533% cheaper against Lighter than usual: you would sell low and buy high (−$53 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 | Lighter MEGA | 0.04638 | 0.0584 | pay 0.0073% / 1h | 41m 43s | $656K | $339K | 3x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04613 | 0.0466 | get 0.0058% / 1h | 41m 43s | $112 | $15 | 25x |
Lighter MEGA
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$24.81
- Price spread: −0.533% → 0.000%
- −$53.26
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$85.07
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 9 min ago; Deribit: 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 Lighter live order book, 9 min ago | 25.00 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.
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 | −0.0744% | 1h | 0.04589 | −1.046% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04610 | −0.608% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0051% | 1h | 0.04605 | −0.712% | $200K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0055% | 4h | 0.04611 | −0.582% | $204K | $95K | 50x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04619 | −0.403% | $8.0M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04613 | −0.544% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04617 | −0.446% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04615 | −0.491% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04614 | −0.517% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04610 | −0.604% | $943K | $3.2M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit 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 | 0.04608 | −0.647% | $199K | $321K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04615 | −0.496% | $816K | $373K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04615 | −0.496% | $236K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04614 | −0.517% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04613 | −0.539% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04581 | −1.226% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04583 | −1.175% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04588 | −1.078% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04608 | −0.647% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04612 | −0.561% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04580 | −1.251% | $135K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04607 | −0.673% | $129K | $821K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04606 | −0.685% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04584 | −1.164% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04609 | −0.619% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.0466% | 1h | 0.04613 | −0.533% | $112 | $15 | 25x | |
| Backpack MEGA_USDC_PERP | +0.0547% | 1h | 0.04613 | −0.539% | $19K | $50K | 5x | as long as short |
| Lighter MEGAlong | +0.0584% | 1h | 0.04638 | long leg | $656K | $339K | 3x |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP