Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.191%
Price spread now: Lighter against Backpack+0.347%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 +$5 a day on $10k at the current rate, and Lighter is 0.347% dearer against Backpack than usual: you sell high and buy low: +$35 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 | Backpack CC_USDC_PERP | 0.1182 | 0.0100 | pay 0.0013% / 1h | 56m 48s | $15K | $22K | 10x |
| Short | Lighter CC | 0.1186 | 0.0256 | get 0.0032% / 1h | 56m 48s | $235K | $150K | 5x |
Backpack CC_USDC_PERP
Lighter CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- $32.76
- Price spread: +0.347% → 0.000%
- $34.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $57.45
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 59 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 59 min ago | 10.54 bp | 11.8 bp −$12 | 241.7 bp −$2,417 | doesn't fit | doesn't fit |
Backpack: 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.
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3556% | 1h | 0.1184 | +0.169% | $6K | $96 | 5.5x | as long as short |
| Bybit CCUSDT | −0.0507% | 4h | 0.1181 | −0.059% | $10.7M | $3.8M | 25x | as long as short |
| MEXC CC_USDT | −0.0432% | 4h | 0.1182 | −0.042% | $1.6M | $312K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0088% | 8h | 0.1184 | +0.157% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1183 | +0.085% | $5.5M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1185 | +0.217% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1181 | −0.068% | $11.1M | $11.7M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1182 | −0.042% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1182 | −0.034% | $364K | $212K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1184 | +0.186% | $499K | $120K | 50x | as long as short |
Injective CC/USDC PERP
Bybit CCUSDT
MEXC CC_USDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1182 | −0.008% | $931K | $801K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1182 | +0.008% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERPlong | +0.0100% | 1h | 0.1182 | long leg | $15K | $22K | 10x | |
| Variational Omni CC | +0.0100% | 4h | 0.1186 | +0.317% | $604K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1186 | +0.347% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1182 | +0.015% | $6K | $36K | 6.7x | as long as short |
| Lighter CCshort | +0.0256% | 1h | 0.1186 | +0.347% | $235K | $150K | 5x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1184 | +0.144% | $598K | $102K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0450% / S −0.0241% | 1h | 0.1185 | +0.228% | $44K | — | 50x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]