Funding you earn now, next payment 03:00 UTC−0.0464%/8h= −50.8% APRnext payment −$0.58 per $10,000 · paid last 24h −0.227%
Price spread now: Extended against Lighter−0.488%7-day average −0.316% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$1911.909% of the position
Funding, last 7 days−0.335%−$33 on $10k
+Price spread, last 4 days (all we have)+0.451%+$45 · spread now −0.488%, 7d avg −0.316%
=Together, before fees+0.116%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Extended is 0.172% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.316%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04556 | 0.0568 | pay 0.0071% / 1h | 37m 39s | $644K | $330K | 3x |
| Short | Extended MEGA-USD | 0.04534 | 0.0104 | get 0.0013% / 1h | 37m 39s | $128K | $825K | 5x |
Lighter MEGA
Extended MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$97.44
- Price spread: −0.488% → −0.316%
- −$17.23
- Slippage, 4 orders
- −$185.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$305.59
- Costs to cover
- 1.909%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 18 min ago; Extended: live order book, 25 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, 18 min ago | 34.83 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 25 min ago | 3.29 bp | 53.2 bp −$53 | 311.9 bp −$3,119 | 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 | −0.0800% | 1h | 0.04490 | −1.440% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04534 | −0.487% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04534 | −0.472% | $196K | $141K | 2x | as long as short |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04542 | −0.299% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.451% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.460% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04534 | −0.483% | $3.5M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04532 | −0.527% | $931K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04530 | −0.569% | $134K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04534 | −0.483% | $200K | $317K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04534 | −0.483% | $803K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04535 | −0.461% | $226K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04535 | −0.461% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04535 | −0.461% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04538 | −0.395% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04528 | −0.612% | $319K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04543 | −0.279% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04544 | −0.263% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04534 | −0.483% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04534 | −0.483% | $2K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDT | +0.0101% | 4h | 0.04540 | −0.351% | $202K | $91K | 50x | as long as short |
| Extended MEGA-USDshort | +0.0104% | 1h | 0.04534 | −0.488% | $128K | $825K | 5x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04531 | −0.544% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04543 | −0.285% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04534 | −0.474% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04535 | −0.450% | $14K | $9K | 3x | as long as short |
| Lighter MEGAlong | +0.0568% | 1h | 0.04556 | long leg | $644K | $330K | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1845% | 1h | 0.04544 | −0.255% | $110 | $15 | 25x | as long as short |
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
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Deribit MEGA_USDC-PERPETUAL