Funding you earn now, next payment 02:00 UTC−0.2210%/8h= −242.0% APRpaid last 24h +0.005%
Price spread now: Gate against Lighter+0.088%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2502.498% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.088%, 7d avg −0.057%
=Together, before fees−0.156%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.145% dearer against Lighter than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.057%): +$15 on $10k if it goes back. Holding the pair costs −$66 a day in funding at the current rate, which eats that in about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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 32s | $72K | $225K | 10x |
| Short | Gate DATA_USDT | 0.2268 | −0.2394 | pay 0.1197% / 4h | 2h 12m | $117K | $86K | 20x |
Lighter DATA
Gate DATA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$464.1
- Price spread: +0.088% → −0.057%
- $14.5
- Slippage, 4 orders
- −$234.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$699.37
- Costs to cover
- 2.498%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 38 min ago; Gate: live order book, 14 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 Gate live order book, 14 min ago | 15.60 bp | 131.3 bp −$131 | doesn't fit | 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_USDTshort | −0.2394% | 4h | 0.2268 | +0.088% | $117K | $86K | 20x | |
| 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 DATAUSDT | +0.0100% | 4h | 0.2265 | −0.044% | $679K | $469K | 50x | as long as short |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM
Bitget DATAUSDT