Funding you earn now, next payment 05:00 UTC−0.0572%/8h= −62.6% APRnext payment −$0.71 per $10,000 · paid last 24h −0.234%
Price spread now: Bulk against Lighter−0.563%7-day average −0.232% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1571.574% of the position
Funding, last 4 days (all we have)−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.563%, 7d avg −0.232%
=Together, before fees+0.141%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bulk is 0.331% cheaper against Lighter than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.232%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04616 | 0.0672 | pay 0.0084% / 1h | 57m 17s | $653K | $341K | 3x |
| Short | Bulk MEGA-USD | 0.04590 | 0.0100 | get 0.0013% / 1h | 57m 17s | $136K | $111 | 10x |
Lighter MEGA
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$120.12
- Price spread: −0.563% → −0.232%
- −$33.11
- Slippage, 4 orders
- −$150.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$310.61
- Costs to cover
- 1.574%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; Bulk: live order book, 62 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, 53 min ago | 25.00 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 62 min ago | 10.98 bp | 43.7 bp −$44 | 122.0 bp −$1,220 | doesn't fit | doesn't fit |
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-INTX | −0.0680% | 1h | 0.04589 | −0.574% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04587 | −0.635% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0071% | 4h | 0.04589 | −0.585% | $204K | $95K | 50x | as long as short |
| Nado MEGA-PERP | +0.0075% | 1h | 0.04591 | −0.531% | $198K | $144K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04590 | −0.564% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04593 | −0.509% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04589 | −0.592% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04589 | −0.585% | $3.5M | $5.8M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04586 | −0.650% | $937K | $3.2M | 20x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04590 | −0.563% | $136K | $111 | 10x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
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 | 0.04588 | −0.607% | $205K | $325K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04587 | −0.628% | $805K | $374K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04589 | −0.585% | $234K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04588 | −0.607% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04586 | −0.650% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04594 | −0.477% | $18K | $53K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04585 | −0.667% | $324K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04581 | −0.758% | $19K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04582 | −0.737% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04588 | −0.607% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04587 | −0.628% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04588 | −0.613% | $129K | $821K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04589 | −0.579% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04590 | −0.563% | $21K | $6K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04587 | −0.637% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0339% | 1h | 0.04598 | −0.394% | $7.9M | $2.6M | 3x | as long as short |
| Lighter MEGAlong | +0.0672% | 1h | 0.04616 | long leg | $653K | $341K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1080% | 1h | 0.04594 | −0.474% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL