Funding you earn now, next payment 02:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.005%
Price spread now: Bitget against Lighter−0.044%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as 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
Funding pays, the price is against you. Bitget is 0.039% cheaper against Lighter than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.005%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day). 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 | Lighter DATA | 0.2266 | −0.0184 | get 0.0023% / 1h | 12m 33s | $72K | $225K | 10x |
| Short | Bitget DATAUSDT | 0.2265 | 0.0100 | get 0.0050% / 4h | 2h 12m | $679K | $469K | 50x |
Lighter DATA
Bitget DATAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $59.64
- Price spread: −0.044% → −0.005%
- −$3.94
- Slippage, 4 orders
- −$159.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$116.04
- Costs to cover
- 1.717%
- Break-even
- 20.6 days
Slippage from Lighter: live order book, 38 min ago; Bitget: live order book, 53 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 Lighter live order book, 38 min ago | 9.01 bp | 17.5 bp −$17 | 86.0 bp −$860 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 53 min ago | 11.03 bp | 64.5 bp −$65 | 363.8 bp −$3,638 | 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 | −0.485% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDT | −0.3072% | 4h | 0.2257 | −0.397% | $103K | $273K | 20x | as long as short |
| Gate DATA_USDT | −0.2394% | 4h | 0.2268 | +0.088% | $117K | $86K | 20x | as long as short |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.466% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDT | −0.1157% | 4h | 0.2264 | −0.088% | $1.3M | $1.7M | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2261 | −0.221% | $205K | $1.0M | 30x | as long as short |
| Lighter DATAlong | −0.0184% | 1h | 0.2266 | long leg | $72K | $225K | 10x | |
| Bitget DATAUSDTshort | +0.0100% | 4h | 0.2265 | −0.044% | $679K | $469K | 50x |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM