Funding you earn now, next payment 23:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.009%
Price spread now: Lighter against MEXC+0.207%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.207%, 7d avg +0.129%
=Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.078% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06282 | −0.0070 | get 0.0035% / 4h | 1h 13m | $9.1M | $2.3M | 125x |
| Short | Lighter PYTH | 0.06295 | 0.0096 | get 0.0012% / 1h | 13m 50s | $196K | $210K | 5x |
MEXC PYTH_USDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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
- $34.86
- Price spread: +0.207% → +0.129%
- $7.78
- Slippage, 4 orders
- −$29.74
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $12.91
- Costs to cover
- 0.297%
- Break-even
- 4.4 days
Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 60 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 MEXC live order book, 4 min ago | 0.80 bp | 3.7 bp −$4 | 9.9 bp −$99 | 76.1 bp −$7,609 | 159.8 bp −$79.9K |
| Sell Lighter live order book, 60 min ago | 3.95 bp | 8.5 bp −$8 | 60.4 bp −$604 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0545% | 1h | 0.06286 | +0.064% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.350% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06287 | +0.087% | $382K | $248K | 25x | as long as short |
| Binance PYTHUSDT | −0.0075% | 4h | 0.06281 | −0.016% | $9.0M | $17.0M | 75x | as long as short |
| MEXC PYTH_USDTlong | −0.0070% | 4h | 0.06282 | long leg | $9.1M | $2.3M | 125x | |
| Bybit PYTHUSDT | −0.0058% | 4h | 0.06288 | +0.096% | $7.4M | $4.7M | 50x | as long as short |
| Gate PYTH_USDT | −0.0034% | 4h | 0.06281 | −0.016% | $1.1M | $480K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0023% | 4h | 0.06280 | −0.032% | $420K | $114K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06295 | +0.209% | $187K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06287 | +0.086% | $22K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
Bybit PYTHUSDT
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0080% | 4h | 0.06283 | +0.018% | $25K | $40K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.372% | $40K | $6K | 25x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06295 | +0.207% | $196K | $210K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06286 | +0.063% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06290 | +0.119% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06288 | +0.096% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06291 | +0.143% | $1.5M | $312K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06285 | +0.048% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06286 | +0.064% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06294 | +0.197% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06279 | −0.044% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06287 | +0.075% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06288 | +0.098% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP