Funding you earn now, next payment 23:00 UTC+0.0767%/8h= +84.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.187%
Price spread now: Lighter against Deribit−0.109%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.907%+$91 on $10k
+Price spread, last 3 days (all we have)+0.230%+$23 · spread now −0.109%, 7d avg −0.050%
=Together, before fees+1.137%+ Points / potential airdropLighter: Season 3 · farm board+$114 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.059% cheaper against Deribit than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.050%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$23 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.1933 | −0.0671 | get 0.0084% / 1h | 50m 50s | $218K | $117K | 50x |
| Short | Lighter DOT | 1.1920 | 0.0096 | get 0.0012% / 1h | 50m 50s | $250K | $593K | 10x |
Deribit DOT_USDC-PERPETUAL
Lighter DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $161.07
- Price spread: −0.109% → −0.050%
- −$5.91
- Slippage, 4 orders
- −$35.38
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $112.78
- Costs to cover
- 0.424%
- Break-even
- 2.1 days
Slippage from Deribit: live order book, 33 min ago; Lighter: live order book, 25 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 Deribit live order book, 33 min ago | 9.54 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 2.80 bp | 8.3 bp −$8 | 18.8 bp −$188 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUALlong | −0.0671% | 1h | 1.1933 | long leg | $218K | $117K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1918 | −0.128% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.1940 | +0.059% | $184K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1935 | +0.013% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.729% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0031% | 8h | 1.1925 | −0.067% | $9.4M | $23.4M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1930 | −0.026% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1928 | −0.039% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0020% | 8h | 1.1922 | −0.092% | $6.8M | $8.6M | 75x | as long as short |
| Extended DOT-USD | +0.0056% | 1h | 1.1912 | −0.176% | $15K | $235K | 25x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0057% | 8h | 1.1920 | −0.109% | $36.3M | $35.9M | 300x | as long as short |
| Binance DOTUSDT | +0.0059% | 8h | 1.1927 | −0.053% | $43.9M | $80.7M | 75x | as long as short |
| Lighter DOTshort | +0.0096% | 1h | 1.1920 | −0.109% | $250K | $593K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1927 | −0.048% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1925 | −0.069% | $886K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1923 | −0.084% | $24.4M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1920 | −0.109% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1926 | −0.059% | $22.8M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1920 | −0.109% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1921 | −0.101% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1951 | +0.155% | $543K | $69K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1943 | +0.087% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | +0.310% | $232K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.025% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1937 | +0.034% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1928 | −0.042% | $246K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0179% | 8h | 1.1923 | −0.084% | $2.2M | $761K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1025% | 1h | 1.1931 | −0.021% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0346% | 8h | 1.1940 | +0.059% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Binance DOTUSDT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT