Settings8H · net · $10k
Funding arb · Price arb /

DATA

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0392%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.160%
Price spread now: Lighter against Extended+0.255%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.255% dearer against Extended than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended DATA-USD0.2215−0.0296get 0.0037% / 1h23m 12s$918$605x
ShortLighter DATA0.22210.0096get 0.0012% / 1h23m 12s$45K$259K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$82.32
Price spread: +0.255% → 0.000%
$25.52
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$102.84
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Lighter: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Lighter live order book, 57 min ago9.05 bp9.9 bp −$1046.8 bp −$468doesn't fitdoesn't fit
Extended: 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.

DATA on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin DATA-USDT−0.0906%4h0.2201−0.648%$117K$6K20xas long as short
MEXC DATA_USDT−0.0866%4h0.2222+0.300%$125K$280K20xas long as short
OKX DATA-USDT-SWAP−0.0847%4h0.2221+0.255%$1.2M$10.3M20xas long as short
Extended DATA-USDlong−0.0296%1h0.2215long leg$918$605x
Lighter DATAshort+0.0096%1h0.2221+0.255%$45K$259K10x
Bybit DATAUSDT+0.0100%4h0.2222+0.296%$1.1M$2.7M20xas long as short
Gate DATA_USDT+0.0100%4h0.2216+0.029%$105K$126K20xas long as short
KuCoin DATAUSDTM+0.0100%4h0.2219+0.160%$261K$928K30xas long as short
Bitget DATAUSDT+0.0100%4h0.2222+0.300%$638K$727K50xas long as short