Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.196%
Price spread now: Derive against Lighter−0.487%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.487% cheaper against Lighter than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CC | 0.1176 | 0.0208 | pay 0.0026% / 1h | 54m 58s | $233K | $150K | 5x |
| Short | Derive CC-PERP | 0.1170 | 0.0100 | get 0.0013% / 1h | 54m 58s | $6K | $36K | 6.7x |
Lighter CC
Derive CC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Lighter. 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
- −$22.68
- Price spread: −0.487% → 0.000%
- −$48.74
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$77.42
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 60 min ago; Derive: 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 Lighter live order book, 60 min ago | 10.54 bp | 34.2 bp −$34 | 384.0 bp −$3,840 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3556% | 1h | 0.1184 | +0.672% | $6K | $96 | 5.5x | as long as short |
| MEXC CC_USDT | −0.0528% | 4h | 0.1171 | −0.434% | $1.6M | $313K | 100x | as long as short |
| Bybit CCUSDT | −0.0526% | 4h | 0.1172 | −0.391% | $10.6M | $3.8M | 25x | as long as short |
| Gate CC_USDT | +0.0074% | 4h | 0.1172 | −0.315% | $362K | $214K | 50x | as long as short |
| Paradex CC-USD-PERP | +0.0081% | 8h | 0.1170 | −0.479% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1174 | −0.170% | $5.5M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1177 | +0.042% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1171 | −0.434% | $11.1M | $11.9M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1172 | −0.366% | $2.5M | $3.5M | 20x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1172 | −0.315% | $494K | $120K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Bybit CCUSDT
Gate CC_USDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1173 | −0.221% | $924K | $801K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1172 | −0.374% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1171 | −0.417% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1179 | +0.214% | $601K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1185 | +0.723% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERPshort | +0.0100% | 1h | 0.1170 | −0.487% | $6K | $36K | 6.7x | |
| Lighter CClong | +0.0208% | 1h | 0.1176 | long leg | $233K | $150K | 5x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1171 | −0.468% | $592K | $101K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1172 | −0.333% | $44K | — | 50x | as long as short |
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]