Funding you earn now, next payment 02:00 UTC+0.1049%/8h= +114.9% APRnext payment +$1.31 per $10,000 · paid last 24h +0.196%
Price spread now: Lighter against Reya+0.544%7-day average — · you sell dearer than you buy
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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Lighter is 0.544% dearer against Reya than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MEGARUSDPERP | 0.04539 | 0.0159 | pay 0.0020% / 1h | 42m 07s | $3 | — | 3x |
| Short | Lighter MEGA | 0.04564 | 0.1208 | get 0.0151% / 1h | 42m 07s | $642K | $324K | 3x |
Reya MEGARUSDPERP
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- $220.34
- Price spread: +0.544% → 0.000%
- $54.39
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $268.72
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 18 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 18 min ago | 33.51 bp | 42.7 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0432% | 1h | 0.04490 | −1.078% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04540 | +0.013% | $12K | — | 150x | as long as short |
| ApeX Omni MEGAUSDT | +0.0053% | 1h | 0.04541 | +0.037% | $24K | $232K | 50x | as long as short |
| Nado MEGA-PERP | +0.0078% | 1h | 0.04537 | −0.062% | $196K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04543 | +0.085% | $17K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04544 | +0.092% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04542 | +0.067% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04541 | +0.037% | $3.5M | $5.4M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04545 | +0.125% | $932K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04535 | −0.095% | $134K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
ApeX Omni MEGAUSDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04540 | +0.015% | $201K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04545 | +0.125% | $839K | $360K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04545 | +0.125% | $237K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04544 | +0.103% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04545 | +0.125% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04541 | +0.033% | $320K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | +0.189% | $28K | $1.7M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04540 | +0.015% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04543 | +0.081% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04539 | +0.002% | $127K | $824K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0140% | 4h | 0.04533 | −0.139% | $203K | $89K | 50x | as long as short |
| Reya MEGARUSDPERPlong | +0.0159% | 1h | 0.04539 | long leg | $3 | — | 3x | |
| Phoenix MEGA | +0.0173% | 1h | 0.04554 | +0.324% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04540 | +0.006% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0407% | 1h | 0.04547 | +0.169% | $18K | $44K | 5x | as long as short |
| Lighter MEGAshort | +0.1208% | 1h | 0.04564 | +0.544% | $642K | $324K | 3x | |
| Hyperliquid MEGA | +0.2074% | 1h | 0.04557 | +0.390% | $7.9M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2393% | 1h | 0.04553 | +0.295% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL