Funding you earn now, next payment 04:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.207%
Price spread now: Gate against Lighter−0.571%7-day average −0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days−0.484%−$48 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.571%, 7d avg −0.278%
=Together, before fees−0.494%+ Points / potential airdropLighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.293% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.278%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.484% in total (about -25.2% 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 | Lighter CC | 0.1174 | 0.0928 | pay 0.0116% / 1h | 54m 47s | $243K | $160K | 5x |
| Short | Gate CC_USDT | 0.1167 | 0.0100 | get 0.0050% / 4h | 54m 47s | $361K | $216K | 50x |
Lighter CC
Gate CC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$173.88
- Price spread: −0.571% → −0.278%
- −$29.29
- Slippage, 4 orders
- −$118.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$337.15
- Costs to cover
- 1.340%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; Gate: live order book, just now.
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, 51 min ago | 7.66 bp | 30.5 bp −$31 | 373.9 bp −$3,739 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 9.42 bp | 49.7 bp −$50 | doesn't fit | 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 | −0.3024% | 1h | 0.1180 | +0.528% | $402 | $3K | 5.5x | as long as short |
| Bybit CCUSDT | −0.0158% | 4h | 0.1169 | −0.426% | $10.6M | $3.8M | 25x | as long as short |
| MEXC CC_USDT | −0.0158% | 4h | 0.1168 | −0.494% | $1.7M | $323K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1168 | −0.481% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1170 | −0.290% | $5.5M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1169 | −0.429% | $34K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1168 | −0.506% | $11.0M | $12.1M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1167 | −0.554% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDTshort | +0.0100% | 4h | 0.1167 | −0.571% | $361K | $216K | 50x | |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1169 | −0.443% | $482K | $122K | 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
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1168 | −0.503% | $914K | $772K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1168 | −0.460% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1168 | −0.503% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1168 | −0.481% | $594K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1168 | −0.520% | $90K | $2.4M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1167 | −0.581% | $6K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1168 | −0.528% | $598K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0447% / S −0.0241% | 1h | 0.1169 | −0.440% | $44K | — | 50x | as long as short |
| Lighter CClong | +0.0928% | 1h | 0.1174 | long leg | $243K | $160K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]