Funding you earn now, next payment 08:00 UTC+0.0444%/8h= +48.6% APRnext payment +$0.55 per $10,000 · paid last 24h +0.227%
Price spread now: Lighter against Derive+0.616%215s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$13 a day on $10k at the current rate, and Lighter is 0.616% dearer against Derive than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 215 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive CC-PERP | 0.1192 | 0.0100 | pay 0.0013% / 1h | 14m 37s | $6K | $33K | 6.7x |
| Short | Lighter CC | 0.1200 | 0.0544 | get 0.0068% / 1h | 14m 37s | $256K | $169K | 5x |
Derive CC-PERP
Lighter CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- $93.24
- Price spread: +0.616% → 0.000%
- $61.61
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $148.85
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 5 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 24.63 bp | 27.3 bp −$27 | 242.2 bp −$2,422 | doesn't fit | doesn't fit |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CCUSDT | −0.0081% | 4h | 0.1195 | +0.247% | $11.0M | $3.8M | 25x | as long as short |
| MEXC CC_USDT | −0.0080% | 4h | 0.1195 | +0.213% | $1.8M | $359K | 100x | as long as short |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | −1.020% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0099% | 8h | 0.1195 | +0.232% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1196 | +0.356% | $5.6M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1195 | +0.242% | $35K | $27K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1194 | +0.162% | $11.3M | $12.0M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1196 | +0.281% | $2.6M | $3.0M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1193 | +0.088% | $365K | $183K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1194 | +0.146% | $492K | $100K | 50x | as long as short |
Bybit CCUSDT
MEXC CC_USDT
Injective CC/USDC PERP
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 | 0.1196 | +0.281% | $929K | $748K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1194 | +0.163% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1193 | +0.096% | $16K | $23K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1193 | +0.093% | $608K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1193 | +0.105% | $84K | $3.0M | 10x | as long as short |
| Derive CC-PERPlong | +0.0100% | 1h | 0.1192 | long leg | $6K | $33K | 6.7x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1193 | +0.104% | $606K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0454% / S −0.0241% | 1h | 0.1194 | +0.192% | $45K | — | 50x | as long as short |
| Lighter CCshort | +0.0544% | 1h | 0.1200 | +0.616% | $256K | $169K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]