Funding you earn now, next payment 05:00 UTC−0.0339%/8h= −37.1% APRnext payment −$0.42 per $10,000 · paid last 24h +0.116%
Price spread now: Deribit against Lighter−0.436%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 −$10 a day on $10k at the current rate, and Deribit is 0.436% cheaper against Lighter than usual: you would sell low and buy high (−$44 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 | 0.04544 | 0.0952 | pay 0.0119% / 1h | 1m 47s | $643K | $344K | 3x |
| Short | Deribit MEGA_USDC-PERPETUAL | 0.04524 | 0.0613 | get 0.0077% / 1h | 1m 47s | $109 | $15 | 25x |
Lighter MEGA
Deribit MEGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$71.24
- Price spread: −0.436% → 0.000%
- −$43.57
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$121.81
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 44 min ago; Deribit: 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, 44 min ago | 33.52 bp | 125.3 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-INTX | −0.0680% | 1h | 0.04589 | +1.001% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0030% | 4h | 0.04519 | −0.550% | $3.5M | $5.8M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04542 | −0.044% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04519 | −0.550% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0081% | 1h | 0.04526 | −0.396% | $195K | $143K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0093% | 4h | 0.04544 | 0.000% | $201K | $94K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04521 | −0.516% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04521 | −0.495% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04519 | −0.550% | $4.0M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04516 | −0.616% | $923K | $3.1M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04540 | −0.088% | $134K | $111 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04523 | −0.462% | $201K | $327K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04519 | −0.550% | $806K | $381K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04522 | −0.484% | $230K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04522 | −0.484% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04518 | −0.572% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04521 | −0.506% | $18K | $53K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04548 | +0.093% | $321K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04544 | +0.001% | $25K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04549 | +0.110% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04519 | −0.550% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04517 | −0.594% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04517 | −0.587% | $128K | $428K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04521 | −0.500% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04519 | −0.552% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0387% | 1h | 0.04528 | −0.359% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUALshort | +0.0613% | 1h | 0.04524 | −0.436% | $109 | $15 | 25x | |
| Lighter MEGAlong | +0.0952% | 1h | 0.04544 | long leg | $643K | $344K | 3x |
Bulk MEGA-USD
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
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA