Funding you earn now, next payment 05:00 UTC−0.2522%/8h= −276.2% APRpaid last 24h −0.145%
Price spread now: BloFin against Lighter−0.136%90s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.136%, 7d avg −0.035%
=Together, before fees+0.162%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and BloFin is 0.101% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% 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 | 0.2210 | 0.0096 | pay 0.0012% / 1h | 33m 44s | $48K | $246K | 10x |
| Short | BloFin DATA-USDT | 0.2207 | −0.2426 | pay 0.1213% / 4h | 3h 33m | $124K | $7K | 20x |
Lighter DATA
BloFin DATA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$529.71
- Price spread: −0.136% → −0.035%
- −$10.08
- Slippage, 4 orders
- −$67.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$619.42
- Costs to cover
- 0.796%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; BloFin: live order book, 55 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, 1 min ago | 4.53 bp | 22.0 bp −$22 | 84.1 bp −$841 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 6.75 bp | 19.5 bp −$20 | 89.5 bp −$895 | doesn't fit | doesn't fit |
DATA on 9 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 | −0.2437% | 4h | 0.2209 | −0.045% | $1.3M | $8.9M | 20x | as long as short |
| MEXC DATA_USDT | −0.2436% | 4h | 0.2208 | −0.090% | $124K | $275K | 20x | as long as short |
| BloFin DATA-USDTshort | −0.2426% | 4h | 0.2207 | −0.136% | $124K | $7K | 20x | |
| Extended DATA-USD | −0.1376% | 1h | 0.2206 | −0.164% | $920 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.0846% | 4h | 0.2208 | −0.095% | $207K | $959K | 30x | as long as short |
| Gate DATA_USDT | −0.0234% | 4h | 0.2205 | −0.226% | $116K | $111K | 20x | as long as short |
| Bybit DATAUSDT | +0.0021% | 4h | 0.2207 | −0.131% | $1.3M | $2.1M | 20x | as long as short |
| Lighter DATAlong | +0.0096% | 1h | 0.2210 | long leg | $48K | $246K | 10x | |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2208 | −0.090% | $670K | $587K | 50x | as long as short |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Gate DATA_USDT
Bybit DATAUSDT
Bitget DATAUSDT