Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.014%
Price spread now: MEXC against Lighter−0.048%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.048%, 7d avg −0.036%
=Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 1.0007 | 0.0096 | pay 0.0012% / 1h | 16m 21s | $160K | $352K | 5x |
| Short | MEXC FIL_USDC | 1.0002 | 0.0082 | get 0.0082% / 8h | 6h 16m | $245K | $105K | 50x |
Lighter FIL
MEXC FIL_USDCFunding 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
- −$2.94
- Price spread: −0.048% → −0.036%
- −$1.2
- Slippage, 4 orders
- −$47.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$51.79
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; MEXC: live order book, 33 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, 43 min ago | 8.44 bp | 21.4 bp −$21 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 33 min ago | 3.50 bp | 10.1 bp −$10 | 26.0 bp −$260 | 76.0 bp −$7,604 | doesn't fit |
FIL 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 FIL-PERP-INTX | −0.0296% | 1h | 1.0000 | −0.068% | $380K | $2.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0249% | 1h | 1.0011 | +0.042% | $172K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0010 | +0.032% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0052% | 8h | 1.0003 | −0.038% | $18.7M | $100.1M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0033% | 8h | 1.0001 | −0.058% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0009 | +0.019% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0005 | −0.017% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.517% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 1.0001 | −0.059% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0041% | 8h | 1.0003 | −0.034% | $57.8M | $180.2M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDCshort | +0.0082% | 8h | 1.0002 | −0.048% | $245K | $105K | 50x | |
| Lighter FILlong | +0.0096% | 1h | 1.0007 | long leg | $160K | $352K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0004 | −0.030% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0004 | −0.025% | $512K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0003 | −0.038% | $15.7M | $19.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0008 | +0.012% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9998 | −0.088% | $11.0M | $21.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0004 | −0.028% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0039 | +0.318% | $452K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0030 | +0.235% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0033 | +0.262% | $299K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | +0.232% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0016 | +0.095% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.168% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0001 | −0.058% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0000 | −0.068% | $645K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | −0.068% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 1.0006 | −0.009% | $267K | — | 100x | as long as short |
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]