Funding you earn now, next payment 06:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.247%
Price spread now: KuCoin against Lighter−0.400%7-day average −0.259% · you buy dearer than you sell
Net, funding: paid 7d − costs−$608as in the Funding arb table
Net, price: spread back to 7d avg − costs−$589as in the Price arb table
costs, in and out, $10k−$5755.747% of the position
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.400%, 7d avg −0.259%
=Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.140% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.259%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04505 | 0.0392 | pay 0.0049% / 1h | 26m 57s | $614K | $366K | 3x |
| Short | KuCoin MEGAUSDTM | 0.04487 | 0.0100 | get 0.0050% / 4h | 2h 26m | $227K | $120K | 50x |
Lighter MEGA
KuCoin MEGAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$61.32
- Price spread: −0.400% → −0.259%
- −$14.02
- Slippage, 4 orders
- −$562.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$650.07
- Costs to cover
- 5.747%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 14 min ago; KuCoin: live order book, 29 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, 14 min ago | 23.33 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 29 min ago | 14.31 bp | 322.6 bp −$323 | doesn't fit | 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 | −0.0048% | 1h | 0.04589 | +1.876% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0040% | 4h | 0.04484 | −0.466% | $3.4M | $5.9M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04485 | −0.449% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04483 | −0.488% | $193K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04486 | −0.422% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04491 | −0.309% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04487 | −0.410% | $3.9M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04484 | −0.466% | $909K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04484 | −0.466% | $201K | $330K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04487 | −0.400% | $810K | $397K | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTMshort | +0.0100% | 4h | 0.04487 | −0.400% | $227K | $120K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04487 | −0.400% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04485 | −0.444% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04490 | −0.326% | $317K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04497 | −0.176% | $28K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04496 | −0.200% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04484 | −0.466% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04485 | −0.444% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04501 | −0.098% | $133K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04485 | −0.450% | $126K | $431K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0108% | 1h | 0.04487 | −0.400% | $18K | $56K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0138% | 4h | 0.04490 | −0.333% | $197K | $93K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04483 | −0.481% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04493 | −0.266% | $20K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04484 | −0.475% | $3K | — | 45x | as long as short |
| Lighter MEGAlong | +0.0392% | 1h | 0.04505 | long leg | $614K | $366K | 3x | |
| Hyperliquid MEGA | +0.0458% | 1h | 0.04493 | −0.275% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0709% | 1h | 0.04488 | −0.373% | $109 | $15 | 25x | as long as short |
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
Backpack MEGA_USDC_PERP
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL