Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.007%
Price spread now: Lighter against MEXC−0.043%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.043%, 7d avg +0.036%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.079% cheaper against MEXC than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.036%). If the spread goes back, that is −$8 on $10k: about 26 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FIL_USDC | 0.9977 | 0.0086 | pay 0.0086% / 8h | 4h 37m | $242K | $103K | 50x |
| Short | Lighter FIL | 0.9973 | 0.0096 | get 0.0012% / 1h | 37m 55s | $155K | $360K | 5x |
MEXC FIL_USDC
Lighter FILFunding 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
- $2.1
- Price spread: −0.043% → +0.036%
- −$7.89
- Slippage, 4 orders
- −$37.77
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$43.56
- Costs to cover
- 0.378%
- Break-even
- 152.2 days
Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 11 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, 2 min ago | 1.51 bp | 4.5 bp −$4 | 12.7 bp −$127 | 74.3 bp −$7,432 | doesn't fit |
| Sell Lighter live order book, 11 min ago | 6.79 bp | 11.7 bp −$12 | 23.9 bp −$239 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0350% | 1h | 0.9989 | +0.120% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9970 | −0.070% | $376K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 0.9980 | +0.030% | $18.5M | $104.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0019% | 8h | 0.9979 | +0.020% | $7.4M | $7.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9985 | +0.076% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9964 | −0.135% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.223% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9985 | +0.076% | $1.4M | $2.3M | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9983 | +0.065% | $708K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0083% | 8h | 0.9987 | +0.100% | $57.4M | $182.9M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDClong | +0.0086% | 8h | 0.9977 | long leg | $242K | $103K | 50x | |
| Lighter FILshort | +0.0096% | 1h | 0.9973 | −0.043% | $155K | $360K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9974 | −0.028% | $8.5M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9983 | +0.063% | $512K | $599K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9984 | +0.070% | $15.7M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9974 | −0.030% | $8.4M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9979 | +0.020% | $11.2M | $20.5M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9974 | −0.030% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9952 | −0.254% | $448K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9952 | −0.247% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9957 | −0.200% | $289K | $946K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | −0.170% | $30K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9990 | +0.128% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | −0.170% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9979 | +0.020% | $479 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9987 | +0.100% | $623K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9970 | −0.070% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0202% | 8h | 0.9934 | −0.431% | $2.7M | $648K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9985 | +0.080% | $266K | — | 100x | as long as short |
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]