Funding you earn now, next payment 21:00 UTC+0.0743%/8h= +81.4% APRpaid last 24h +0.130%
Price spread now: Lighter against Orderly+0.448%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.448% dearer against Orderly than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MEGA_USDC | 0.04461 | 0.0097 | pay 0.0048% / 4h | 3h 18m | $3K | $2K | 10x |
| Short | Lighter MEGA | 0.04481 | 0.0840 | get 0.0105% / 1h | 18m 33s | $603K | $301K | 3x |
Orderly PERP_MEGA_USDC
Lighter MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $156.04
- Price spread: +0.448% → 0.000%
- $44.83
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $194.87
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 57.78 bp | 105.3 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04462 | +0.011% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04464 | +0.067% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0058% | 1h | 0.04463 | +0.056% | $193K | $159K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0070% | 4h | 0.04462 | +0.022% | $199K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDClong | +0.0097% | 4h | 0.04461 | long leg | $3K | $2K | 10x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04461 | +0.003% | $21K | $81K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04462 | +0.034% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04463 | +0.038% | $4.0M | $12.9M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04459 | −0.045% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04456 | −0.112% | $912K | $2.9M | 20x | as long as short |
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit 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 | 0.04460 | −0.022% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04460 | −0.022% | $211K | $287K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04460 | −0.022% | $792K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04461 | 0.000% | $230K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04463 | +0.045% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04458 | −0.067% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04465 | +0.090% | $14K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04462 | +0.013% | $241K | $107K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04455 | −0.134% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04457 | −0.090% | $24K | $228K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04462 | +0.022% | $973 | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04460 | −0.020% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04463 | +0.035% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04460 | −0.013% | $3K | — | 45x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.0384% | 1h | 0.04400 | −1.361% | $5K | $11K | 50x | as long as short |
| Lighter MEGAshort | +0.0840% | 1h | 0.04481 | +0.448% | $603K | $301K | 3x | |
| Hyperliquid MEGA | +0.0941% | 1h | 0.04475 | +0.314% | $7.6M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1229% | 1h | 0.04468 | +0.161% | $108 | $15 | 25x | as long as short |
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
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Coinbase International MEGA-PERP-INTX
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL