Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.018%
Price spread now: MEXC against Lighter−0.072%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now −0.072%, 7d avg −0.150%
=Together, before fees−0.169%+ Points / potential airdropLighter: Season 3 · farm board−$17 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: MEXC is 0.078% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.150%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7115 | 0.0096 | pay 0.0012% / 1h | 54m 21s | $1.1M | $888K | 5x |
| Short | MEXC ETHFI_USDT | 0.7110 | 0.0100 | get 0.0050% / 4h | 1h 54m | $15.4M | $3.9M | 125x |
Lighter ETHFI
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.072% → −0.150%
- $7.8
- Slippage, 4 orders
- −$87.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$82.92
- Costs to cover
- 0.916%
- Break-even
- 698.0 days
Slippage from Lighter: live order book, 6 min ago; MEXC: live order book, 4 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, 6 min ago | 12.70 bp | 36.3 bp −$36 | 106.2 bp −$1,062 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.40 bp | 7.5 bp −$7 | 14.1 bp −$141 | 48.7 bp −$4,875 | 159.8 bp −$79.9K |
ETHFI 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 ETHFI_USDC-PERPETUAL | −0.0312% | 1h | 0.7117 | +0.027% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7111 | −0.058% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0095% | 4h | 0.7121 | +0.083% | $88K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.755% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0043% | 4h | 0.7161 | +0.650% | $1.1M | $714K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0063% | 8h | 0.7105 | −0.141% | $6K | — | 5x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7115 | long leg | $1.1M | $888K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7113 | −0.024% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7115 | −0.006% | $182K | $257K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7106 | −0.124% | $24.7M | $35.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7116 | +0.013% | $17.9M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7120 | +0.069% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7110 | −0.072% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDTshort | +0.0100% | 4h | 0.7110 | −0.072% | $15.4M | $3.9M | 125x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7107 | −0.114% | $1.2M | $260K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7111 | −0.058% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7109 | −0.086% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7117 | +0.027% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7106 | −0.127% | $100K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7112 | −0.039% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7120 | +0.068% | $270K | $198K | 20x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0386% | 1h | 0.7133 | +0.245% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +1.938% | $32K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX