Funding you earn now, next payment 09:00 UTC−0.0962%/8h= −105.4% APRnext payment −$1.20 per $10,000 · paid last 24h −0.256%
Price spread now: Nado against Lighter−0.358%7-day average −0.303% · 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−$145as in the Price arb table
costs, in and out, $10k−$1401.398% of the position
Funding, last 4 days (all we have)−0.404%−$40 on $10k
+Price spread, last 4 days (all we have)+0.778%+$78 · spread now −0.358%, 7d avg −0.303%
=Together, before fees+0.375%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Nado is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.303%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MEGA | 0.04614 | 0.0992 | pay 0.0124% / 1h | 47m 21s | $616K | $381K | 3x |
| Short | Nado MEGA-PERP | 0.04598 | 0.0030 | get 0.0004% / 1h | 47m 21s | $198K | $139K | 2x |
Lighter MEGA
Nado MEGA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$202.05
- Price spread: −0.358% → −0.303%
- −$5.44
- Slippage, 4 orders
- −$132.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$347.26
- Costs to cover
- 1.398%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; Nado: live order book, 50 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, 43 min ago | 19.69 bp | 53.5 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 50 min ago | 4.39 bp | 24.9 bp −$25 | 113.6 bp −$1,136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEGAUSDT | −0.0031% | 4h | 0.04592 | −0.477% | $3.5M | $5.9M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04584 | −0.650% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04593 | −0.456% | $1K | — | 150x | as long as short |
| Nado MEGA-PERPshort | +0.0030% | 1h | 0.04598 | −0.358% | $198K | $139K | 2x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04594 | −0.426% | $21K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04598 | −0.340% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04595 | −0.422% | $4.1M | $13.7M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04589 | −0.542% | $922K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04570 | −0.954% | $135K | −$0 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04597 | −0.368% | $206K | $321K | 20x | as long as short |
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Aster MEGAUSDT
Pacifica MEGA
Binance 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 | 0.04593 | −0.455% | $760K | $401K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04593 | −0.455% | $244K | $124K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04593 | −0.455% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04591 | −0.498% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04593 | −0.455% | $17K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04576 | −0.818% | $322K | $223K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04581 | −0.715% | $21K | $2.0M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04582 | −0.694% | $24K | $227K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04592 | −0.477% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04599 | −0.325% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04590 | −0.513% | $129K | $799K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0126% | 4h | 0.04599 | −0.325% | $204K | $96K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04593 | −0.449% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04588 | −0.566% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0332% | 1h | 0.04603 | −0.241% | $7.9M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0577% | 1h | 0.04597 | −0.364% | $111 | $15 | 25x | as long as short |
| Lighter MEGAlong | +0.0992% | 1h | 0.04614 | long leg | $616K | $381K | 3x | |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | −0.531% | $5K | $12K | 50x | 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
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Coinbase International MEGA-PERP-INTX