Funding you earn now, next payment 02:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.005%
Price spread now: Lighter against Bitget+0.044%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1721.717% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.044%, 7d avg +0.005%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.039% dearer against Bitget than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.048% in total) that is about 5.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% 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 | Bitget DATAUSDT | 0.2265 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $679K | $469K | 50x |
| Short | Lighter DATA | 0.2266 | −0.0184 | pay 0.0023% / 1h | 12m 32s | $72K | $225K | 10x |
Bitget DATAUSDT
Lighter DATAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$59.64
- Price spread: +0.044% → +0.005%
- $3.94
- Slippage, 4 orders
- −$159.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$227.44
- Costs to cover
- 1.717%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 53 min ago; Lighter: live order book, 38 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 Bitget live order book, 53 min ago | 11.03 bp | 76.4 bp −$76 | 360.1 bp −$3,601 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 min ago | 9.01 bp | 13.3 bp −$13 | 47.2 bp −$472 | doesn't fit | doesn't fit |
DATA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3073% | 4h | 0.2255 | −0.442% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDT | −0.3072% | 4h | 0.2257 | −0.353% | $103K | $273K | 20x | as long as short |
| Gate DATA_USDT | −0.2394% | 4h | 0.2268 | +0.132% | $117K | $86K | 20x | as long as short |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.422% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDT | −0.1157% | 4h | 0.2264 | −0.044% | $1.3M | $1.7M | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2261 | −0.177% | $205K | $1.0M | 30x | as long as short |
| Lighter DATAshort | −0.0184% | 1h | 0.2266 | +0.044% | $72K | $225K | 10x | |
| Bitget DATAUSDTlong | +0.0100% | 4h | 0.2265 | long leg | $679K | $469K | 50x |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM