Funding you earn now, next payment 09:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.105%
Price spread now: Coinbase International against Lighter−2.785%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 2.785% cheaper against Lighter than usual: you would sell low and buy high (−$279 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04721 | 0.0704 | pay 0.0088% / 1h | 20m 59s | $641K | $402K | 3x |
| Short | Coinbase International MEGA-PERP-INTX | 0.04589 | 0.0592 | get 0.0074% / 1h | 20m 59s | $5K | $12K | 50x |
Lighter MEGA
Coinbase International MEGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$23.52
- Price spread: −2.785% → 0.000%
- −$278.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$312.06
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 26 min ago; Coinbase International: no order-book sample. 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 Lighter live order book, 26 min ago | 9.58 bp | 81.6 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEGAUSDT | −0.0200% | 4h | 0.04698 | −0.487% | $3.6M | $5.8M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04699 | −0.474% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04698 | −0.477% | $202K | $138K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0100% | 4h | 0.04697 | −0.508% | $208K | $85K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04702 | −0.408% | $21K | $94K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04702 | −0.394% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04702 | −0.402% | $4.2M | $13.4M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04695 | −0.551% | $947K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04680 | −0.868% | $138K | −$0 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04698 | −0.487% | $210K | $326K | 20x | as long as short |
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04698 | −0.487% | $768K | $395K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04702 | −0.402% | $253K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04698 | −0.487% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04697 | −0.508% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04701 | −0.424% | $19K | $53K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04697 | −0.518% | $340K | $229K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04698 | −0.478% | $21K | $2.2M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04693 | −0.593% | $24K | $225K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04700 | −0.445% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04701 | −0.424% | $1K | $1.8M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04696 | −0.528% | $132K | $798K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04700 | −0.455% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0170% | 1h | 0.04703 | −0.381% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0239% / S −0.5353% | 1h | 0.04698 | −0.489% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0301% | 1h | 0.04707 | −0.303% | $8.1M | $2.5M | 3x | as long as short |
| Coinbase International MEGA-PERP-INTXshort | +0.0592% | 1h | 0.04589 | −2.785% | $5K | $12K | 50x | |
| Deribit MEGA_USDC-PERPETUAL | +0.0622% | 1h | 0.04705 | −0.328% | $114 | $15 | 25x | as long as short |
| Lighter MEGAlong | +0.0704% | 1h | 0.04721 | long leg | $641K | $402K | 3x |
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