2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: Lighter against Injective+4.980%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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 +$2 a day on $10k at the current rate, and Lighter is 4.980% dearer against Injective than usual: you sell high and buy low: +$498 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	Injective 2Z/USDC PERP	0.04980	0.0033	pay 0.0004% / 1h	21m 20s	$867	$213	5.5x
Short	Lighter 2Z	0.05228	0.0096	get 0.0012% / 1h	21m 20s	$17K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now +4.980%Rate

Funding earned: $13.16
Price spread: +4.980% → 0.000%: $497.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $511.13
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Injective and Lighter: 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.

2Z on 17 exchanges

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
Kraken Futures PF_2ZUSD	−0.3813%	1h	0.05210	+4.620%	$5K	$3K	10x	as long as short
Backpack 2Z_USDC_PERP	−0.0073%	1h	0.05222	+4.859%	$46K	$20K	5x	as long as short
Injective 2Z/USDC PERPlong	+0.0033%	1h	0.04980	long leg	$867	$213	5.5x
Bybit 2ZUSDT	+0.0042%	4h	0.05222	+4.859%	$720K	$1.0M	50x	as long as short
MEXC 2Z_USDT	+0.0044%	4h	0.05222	+4.859%	$327K	$142K	50x	as long as short
Lighter 2Zshort	+0.0096%	1h	0.05228	+4.980%	$17K	$3K	3x
Hyperliquid 2Z	+0.0100%	1h	0.05219	+4.801%	$656K	$339K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05223	+4.873%	$12K	$55K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05220	+4.819%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05216	+4.745%	$2.1M	$2.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05219	+4.799%	$434K	$728K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05228	+4.980%	$90K	$82K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05216	+4.733%	$170K	$62K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05221	+4.839%	$170K	$715K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05219	+4.799%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05221	+4.848%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05224	+4.900%	$2K	$1.1M	20x	as long as short