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: Extended against Lighter−0.120%7-day average · you buy dearer than you sell
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 airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.120% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter DATA0.22180.0096pay 0.0012% / 1h23m 22s$45K$259K10x
ShortExtended DATA-USD0.2215−0.0296pay 0.0037% / 1h23m 22s$918$605x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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: −0.120% → 0.000%
−$11.96
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.28
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 57 min ago; Extended: no order-book sample. 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 Lighter live order book, 57 min ago9.05 bp20.4 bp −$2084.5 bp −$845doesn't fitdoesn't fit
Sell Extended no order-book sample
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−0.0947%4h0.2201−0.766%$117K$6K20xas long as short
MEXC DATA_USDT−0.0866%4h0.2217−0.045%$124K$280K20xas long as short
OKX DATA-USDT-SWAP−0.0847%4h0.22180.000%$1.2M$10.3M20xas long as short
Extended DATA-USDshort−0.0296%1h0.2215−0.120%$918$605x
Lighter DATAlong+0.0096%1h0.2218long leg$45K$259K10x
Bybit DATAUSDT+0.0100%4h0.2217−0.032%$1.1M$2.7M20xas long as short
Gate DATA_USDT+0.0100%4h0.2216−0.090%$105K$126K20xas long as short
KuCoin DATAUSDTM+0.0100%4h0.2217−0.068%$261K$928K30xas long as short
Bitget DATAUSDT+0.0100%4h0.2217−0.045%$636K$727K50xas long as short