MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1246%/8h= +136.5% APRnext payment +$1.56 per $10,000 · paid last 24h +0.221%

Price spread now: Lighter against Nado+0.459%7-day average +0.285% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2082.083% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−1.313%−$131 · spread now +0.459%, 7d avg +0.285%

Together, before fees−0.955%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.174% dearer against Nado than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.285%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.358% in total (about 39.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MEGA-PERP	0.04575	0.0066	pay 0.0008% / 1h	19m 55s	$198K	$140K	2x
Short	Lighter MEGA	0.04596	0.1312	get 0.0164% / 1h	19m 55s	$649K	$329K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee LighterbpOrdersPrice spread, now +0.459%Rate

Funding earned: $261.72
Price spread: +0.459% → +0.285%: $17.38
Slippage, 4 orders: −$201.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $70.77
Costs to cover: 2.083%
Break-even: 5.1 days

Slippage from Nado: live order book, 47 min ago; Lighter: live order book, 41 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 Nado live order book, 47 min ago	4.32 bp	22.5 bp −$23	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	33.51 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit

MEGA on 27 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	−0.0432%	1h	0.04490	−1.849%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04572	−0.070%	$1K	—	150x	as long as short
Nado MEGA-PERPlong	+0.0066%	1h	0.04575	long leg	$198K	$140K	2x
Aster MEGAUSDT	+0.0100%	4h	0.04575	−0.008%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04575	0.000%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04579	+0.084%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04579	+0.087%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04580	+0.109%	$939K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04585	+0.218%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04573	−0.044%	$203K	$319K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04581	+0.131%	$822K	$366K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04579	+0.087%	$239K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04580	+0.109%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04578	+0.066%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04575	+0.003%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04576	+0.022%	$18K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04578	+0.066%	$24K	$229K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04573	−0.044%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04575	0.000%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04581	+0.126%	$131K	$829K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04574	−0.017%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04582	+0.153%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04571	−0.077%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0672%	1h	0.04581	+0.131%	$18K	$46K	5x	as long as short
Lighter MEGAshort	+0.1312%	1h	0.04596	+0.459%	$649K	$329K	3x
Deribit MEGA_USDC-PERPETUAL	+0.1653%	1h	0.04581	+0.131%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.1857%	1h	0.04588	+0.284%	$7.9M	$2.5M	3x	as long as short