Funding you earn now, next payment 02:00 UTC+0.1116%/8h= +122.2% APRpaid last 24h +0.214%
Price spread now: Lighter against OKX+0.440%7-day average +0.301% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2332.330% of the position
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.440%, 7d avg +0.301%
=Together, before fees−0.156%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Lighter is 0.139% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.301%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.2% a year). A funding rate is set anew for every payment. 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 | OKX MEGA-USDT-SWAP | 0.04542 | 0.0100 | pay 0.0050% / 4h | 2h 47m | $931K | $3.1M | 20x |
| Short | Lighter MEGA | 0.04562 | 0.1216 | get 0.0152% / 1h | 47m 42s | $642K | $324K | 3x |
OKX MEGA-USDT-SWAP
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $234.36
- Price spread: +0.440% → +0.301%
- $13.95
- Slippage, 4 orders
- −$223.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.26
- Costs to cover
- 2.330%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 13 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 OKX live order book, 4 min ago | 1.10 bp | 34.6 bp −$35 | 173.3 bp −$1,733 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 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 | −1.136% | $5K | $12K | 50x | as long as short |
| ApeX Omni MEGAUSDT | −0.0116% | 1h | 0.04529 | −0.286% | $24K | $232K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04520 | −0.487% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0089% | 1h | 0.04525 | −0.363% | $195K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04536 | −0.138% | $17K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04537 | −0.103% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04542 | 0.000% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04540 | −0.044% | $3.5M | $5.4M | 20x | as long as short |
| OKX MEGA-USDT-SWAPlong | +0.0100% | 4h | 0.04542 | long leg | $931K | $3.1M | 20x | |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04533 | −0.198% | $201K | $319K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
ApeX Omni MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
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 | 0.04537 | −0.110% | $841K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04535 | −0.154% | $237K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04541 | −0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04543 | +0.022% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04528 | −0.313% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04552 | +0.220% | $28K | $1.7M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04521 | −0.462% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04530 | −0.264% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +1.274% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04535 | −0.158% | $127K | $824K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0139% | 1h | 0.04533 | −0.198% | $18K | $43K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0140% | 4h | 0.04533 | −0.198% | $203K | $89K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04523 | −0.412% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04531 | −0.242% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04519 | −0.506% | $3K | — | 45x | as long as short |
| Lighter MEGAshort | +0.1216% | 1h | 0.04562 | +0.440% | $642K | $324K | 3x | |
| Hyperliquid MEGA | +0.2166% | 1h | 0.04557 | +0.328% | $7.9M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2315% | 1h | 0.04534 | −0.176% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Backpack MEGA_USDC_PERP
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL