Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.248%
Price spread now: KuCoin against Lighter−0.398%7-day average −0.261% · you buy dearer than you sell
Net, funding: paid 7d − costs−$602as in the Funding arb table
Net, price: spread back to 7d avg − costs−$582as in the Price arb table
costs, in and out, $10k−$5695.685% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 4 days (all we have)+0.393%+$39 · spread now −0.398%, 7d avg −0.261%
=Together, before fees+0.055%+ Points / potential airdropLighter: Season 3 · farm board+$6 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: KuCoin is 0.137% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.261%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04521 | 0.0096 | pay 0.0012% / 1h | 30m 10s | $606K | $380K | 3x |
| Short | KuCoin MEGAUSDTM | 0.04503 | 0.0100 | get 0.0050% / 4h | 1h 30m | $225K | $120K | 50x |
Lighter MEGA
KuCoin MEGAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.398% → −0.261%
- −$13.68
- Slippage, 4 orders
- −$556.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$581.36
- Costs to cover
- 5.685%
- Break-even
- 4851.7 days
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 11 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, 5 min ago | 27.68 bp | 43.6 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 13.30 bp | 270.6 bp −$271 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04501 | −0.443% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0049% | 1h | 0.04498 | −0.509% | $194K | $141K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0065% | 4h | 0.04497 | −0.531% | $199K | $93K | 50x | as long as short |
| Lighter MEGAlong | +0.0096% | 1h | 0.04521 | long leg | $606K | $380K | 3x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04506 | −0.331% | $20K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04501 | −0.431% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04506 | −0.331% | $4.0M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04505 | −0.354% | $3.4M | $5.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04504 | −0.376% | $910K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04502 | −0.420% | $203K | $327K | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04507 | −0.310% | $767K | $408K | 50x | as long as short |
| KuCoin MEGAUSDTMshort | +0.0100% | 4h | 0.04503 | −0.398% | $225K | $120K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04507 | −0.310% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04504 | −0.376% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04499 | −0.482% | $317K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04501 | −0.436% | $20K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04502 | −0.420% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04505 | −0.354% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04499 | −0.487% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04500 | −0.464% | $133K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04506 | −0.334% | $127K | $411K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04500 | −0.458% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04500 | −0.464% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04502 | −0.427% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0302% | 1h | 0.04503 | −0.398% | $18K | $55K | 5x | as long as short |
| Hyperliquid MEGA | +0.0313% | 1h | 0.04508 | −0.279% | $7.8M | $2.6M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0872% | 1h | 0.04589 | +1.515% | $5K | $12K | 50x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0904% | 1h | 0.04512 | −0.197% | $109 | $15 | 25x | as long as short |
MEXC MEGA_USDT
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
Hyperliquid MEGA
Coinbase International MEGA-PERP-INTX
Deribit MEGA_USDC-PERPETUAL