Funding you earn now, next payment 00:00 UTC+0.1032%/8h= +113.0% APRnext payment +$1.29 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Coinbase International+3.554%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: 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 3.554% dearer against Coinbase International than usual: you sell high and buy low: +$355 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 | Coinbase International MEGA-PERP-INTX | 0.04490 | −0.0048 | get 0.0006% / 1h | 8m 16s | $5K | $12K | 50x |
| Short | Lighter MEGA | 0.04650 | 0.0984 | get 0.0123% / 1h | 8m 16s | $654K | $325K | 3x |
Coinbase International MEGA-PERP-INTX
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $216.72
- Price spread: +3.554% → 0.000%
- $355.42
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $562.14
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 57 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 57 min ago | 26.48 bp | 75.4 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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-INTXlong | −0.0048% | 1h | 0.04490 | long leg | $5K | $12K | 50x | |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04621 | +2.909% | $13K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04610 | +2.663% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0040% | 1h | 0.04621 | +2.920% | $200K | $136K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0089% | 4h | 0.04644 | +3.421% | $201K | $90K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04625 | +2.988% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04629 | +3.087% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04624 | +2.970% | $4.1M | $13.3M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04621 | +2.908% | $3.6M | $5.3M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04620 | +2.886% | $945K | $3.1M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04619 | +2.864% | $202K | $315K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04624 | +2.975% | $860K | $362K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04626 | +3.020% | $243K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04622 | +2.931% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04622 | +2.931% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04606 | +2.569% | $325K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04601 | +2.464% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04608 | +2.619% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04621 | +2.908% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04624 | +2.975% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04565 | +1.661% | $135K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04620 | +2.896% | $130K | $822K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04621 | +2.904% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04621 | +2.904% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0374% | 1h | 0.04625 | +2.998% | $19K | $41K | 5x | as long as short |
| Lighter MEGAshort | +0.0984% | 1h | 0.04650 | +3.554% | $654K | $325K | 3x | |
| Hyperliquid MEGA | +0.1196% | 1h | 0.04636 | +3.245% | $7.9M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2087% | 1h | 0.04632 | +3.165% | $112 | $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
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL