Funding you earn now, next payment 03:00 UTC−0.0425%/8h= −46.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.210%
Price spread now: Reya against Lighter−0.521%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Reya is 0.521% cheaper against Lighter than usual: you would sell low and buy high (−$52 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 | 0.04571 | 0.0584 | pay 0.0073% / 1h | 6m 17s | $647K | $336K | 3x |
| Short | Reya MEGARUSDPERP | 0.04547 | 0.0159 | get 0.0020% / 1h | 6m 17s | $3 | — | 3x |
Lighter MEGA
Reya MEGARUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$89.29
- Price spread: −0.521% → 0.000%
- −$52.07
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$147.36
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 49 min ago; Reya: 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, 49 min ago | 34.83 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0800% | 1h | 0.04490 | −1.763% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04549 | −0.485% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0064% | 1h | 0.04551 | −0.427% | $197K | $142K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04558 | −0.284% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04550 | −0.460% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04551 | −0.430% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04548 | −0.503% | $3.5M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04548 | −0.503% | $933K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04550 | −0.459% | $198K | $320K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04550 | −0.459% | $817K | $369K | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04551 | −0.438% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04549 | −0.481% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04547 | −0.525% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04581 | +0.210% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04570 | −0.022% | $25K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04570 | −0.022% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04546 | −0.547% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04549 | −0.481% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +0.634% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04546 | −0.551% | $128K | $823K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0110% | 4h | 0.04568 | −0.066% | $202K | $94K | 50x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0135% | 1h | 0.04563 | −0.175% | $18K | $46K | 5x | as long as short |
| Reya MEGARUSDPERPshort | +0.0159% | 1h | 0.04547 | −0.521% | $3 | — | 3x | |
| Phoenix MEGA | +0.0175% | 1h | 0.04591 | +0.438% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04548 | −0.492% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04556 | −0.330% | $14K | $9K | 3x | as long as short |
| Lighter MEGAlong | +0.0584% | 1h | 0.04571 | long leg | $647K | $336K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1289% | 1h | 0.04555 | −0.346% | $110 | $15 | 25x | as long as short |
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
BloFin MEGA-USDT
Backpack MEGA_USDC_PERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Deribit MEGA_USDC-PERPETUAL