Funding you earn now, next payment 23:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.071%
Price spread now: Lighter against Binance+0.330%7-day average +0.239% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$950.953% of the position
Funding, last 7 days+0.373%+$37 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.330%, 7d avg +0.239%
=Together, before fees+0.284%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.092% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.239%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FFUSDT | 0.1273 | −0.0200 | get 0.0100% / 4h | 1h 44m | $43.0M | $51.3M | 20x |
| Short | Lighter FF | 0.1277 | 0.0096 | get 0.0012% / 1h | 44m 09s | $135K | $65K | 3x |
Binance FFUSDT
Lighter FFFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $62.11
- Price spread: +0.330% → +0.239%
- $9.15
- Slippage, 4 orders
- −$85.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$24.09
- Costs to cover
- 0.953%
- Break-even
- 9.7 days
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 29 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 Binance live order book, 13 min ago | 0.39 bp | 14.6 bp −$15 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 7.05 bp | 16.5 bp −$16 | 88.2 bp −$882 | doesn't fit | doesn't fit |
FF on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FFUSDTlong | −0.0200% | 4h | 0.1273 | long leg | $43.0M | $51.3M | 20x | |
| MEXC FF_USDT | −0.0198% | 4h | 0.1273 | +0.024% | $10.0M | $3.6M | 50x | as long as short |
| BloFin FF-USDT | −0.0188% | 4h | 0.1272 | −0.039% | $2.3M | $442K | 20x | as long as short |
| Bybit FFUSDT | +0.0040% | 4h | 0.1273 | +0.024% | $14.3M | $13.0M | 20x | as long as short |
| Lighter FFshort | +0.0096% | 1h | 0.1277 | +0.330% | $135K | $65K | 3x | |
| Aster FFUSDT | +0.0100% | 4h | 0.1274 | +0.102% | $1.2M | $33K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | +0.181% | $26.9M | $3.5M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1276 | +0.260% | $8.6M | $6.7M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1275 | +0.157% | $18.5M | $4.8M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1274 | +0.055% | — | $7.1M | — | as long as short |
MEXC FF_USDT
BloFin FF-USDT
Bybit FFUSDT
Aster FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | −0.023% | $2K | $2.8M | 20x | as long as short |
SunX FF-USDT