Funding you earn now, next payment 01:00 UTC+0.0500%/8h= +54.8% APRpaid last 24h +0.119%
Price spread now: Lighter against BloFin+0.805%90s7-day average +0.233% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)−0.644%−$64 · spread now +0.805%, 7d avg +0.233%
=Together, before fees−0.503%+ Points / potential airdropLighter: Season 3 · farm board−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter is 0.573% dearer against BloFin than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.233%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.3% a year). A funding rate is set anew for every payment. 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 | BloFin CC-USDT | 0.1192 | 0.0340 | pay 0.0170% / 4h | 3h 15m | $595K | $105K | 75x |
| Short | Lighter CC | 0.1202 | 0.0840 | get 0.0105% / 1h | 15m 29s | $238K | $154K | 5x |
BloFin CC-USDT
Lighter CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $105
- Price spread: +0.805% → +0.233%
- $57.25
- Slippage, 4 orders
- −$69.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $80.47
- Costs to cover
- 0.818%
- Break-even
- 1.6 days
Slippage from BloFin: live order book, 56 min ago; Lighter: live order book, 40 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 BloFin live order book, 56 min ago | 1.70 bp | 20.0 bp −$20 | 53.7 bp −$537 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 10.54 bp | 11.8 bp −$12 | 241.7 bp −$2,417 | doesn't fit | doesn't fit |
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 | −0.4522% | 1h | 0.1174 | −1.551% | $6K | $99 | 5.5x | as long as short |
| Bybit CCUSDT | −0.0515% | 4h | 0.1197 | +0.403% | $10.9M | $3.8M | 25x | as long as short |
| MEXC CC_USDT | −0.0500% | 4h | 0.1197 | +0.352% | $1.7M | $315K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1197 | +0.395% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1197 | +0.380% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1197 | +0.344% | $11.3M | $11.5M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1198 | +0.453% | $2.6M | $3.6M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1197 | +0.352% | $370K | $213K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1198 | +0.503% | $502K | $119K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1197 | +0.411% | $955K | $786K | 20x | as long as short |
Injective CC/USDC PERP
Bybit CCUSDT
MEXC CC_USDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1197 | +0.403% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1197 | +0.386% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1195 | +0.207% | $608K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1195 | +0.209% | $90K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1195 | +0.225% | $6K | $36K | 6.7x | as long as short |
| Hyperliquid CC | +0.0131% | 1h | 0.1200 | +0.604% | $5.6M | $1.4M | 3x | as long as short |
| BloFin CC-USDTlong | +0.0340% | 4h | 0.1192 | long leg | $595K | $105K | 75x | |
| GMX CC/USD [WBTC.b-USDC] | L +0.0451% / S −0.0241% | 1h | 0.1197 | +0.377% | $45K | — | 50x | as long as short |
| Lighter CCshort | +0.0840% | 1h | 0.1202 | +0.805% | $238K | $154K | 5x |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Hyperliquid CC
GMX CC/USD [WBTC.b-USDC]