2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Pacifica+0.128%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

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 airdropPacifica: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.128% dearer against Pacifica than usual: you sell high and buy low, +$13 on $10k if it 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	Pacifica 2Z	0.05232	0.0100	pay 0.0013% / 1h	29m 37s	$75K	$14K	3x
Short	Lighter 2Z	0.05239	0.0096	get 0.0012% / 1h	29m 37s	$17K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$0.84
Price spread: +0.128% → 0.000%: $12.81
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.97
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Pacifica 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 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
Backpack 2Z_USDC_PERP	−0.0695%	1h	0.05225	−0.140%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.822%	$867	$213	5.5x	as long as short
Lighter 2Zshort	+0.0096%	1h	0.05239	+0.128%	$17K	$8K	3x
Hyperliquid 2Z	+0.0100%	1h	0.05236	+0.073%	$676K	$366K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05234	+0.036%	$12K	$57K	5x	as long as short
Pacifica 2Zlong	+0.0100%	1h	0.05232	long leg	$75K	$14K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05230	−0.044%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05236	+0.071%	$691K	$977K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	+0.013%	$449K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05230	−0.044%	$91K	$65K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05236	+0.071%	$293K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05231	−0.031%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05232	−0.006%	$162K	$626K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05231	−0.025%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.138%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05228	−0.082%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0799%	1h	0.05231	−0.023%	$5K	$3K	10x	as long as short