Settings8H · net · $10k
Funding arb · Price arb /

FF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.083%
Price spread now: Lighter against BloFin+0.329%7-day average +0.300% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$820.822% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.380%+$38 on $10k
Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.329%, 7d avg +0.300%
Together, before fees+0.319%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.029% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.300%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin FF-USDT0.1278−0.0060get 0.0030% / 4h2h 36m$2.3M$491K20x
ShortLighter FF0.12830.0096get 0.0012% / 1h36m 28s$136K$86K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
$32.83
Price spread: +0.329% → +0.300%
$2.87
Slippage, 4 orders
−$70.18
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$46.48
Costs to cover
0.822%
Break-even
16.9 days
Slippage from BloFin: live order book, 2 min ago; Lighter: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago1.96 bp14.9 bp −$1534.5 bp −$345doesn't fitdoesn't fit
Sell Lighter live order book, 45 min ago1.18 bp10.4 bp −$10108.9 bp −$1,089doesn't fitdoesn't fit

FF on 11 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
Binance FFUSDT−0.0109%4h0.1279+0.055%$43.2M$63.9M20xas long as short
MEXC FF_USDT−0.0108%4h0.1279+0.063%$10.0M$4.6M50xas long as short
BloFin FF-USDTlong−0.0060%4h0.1278long leg$2.3M$491K20x
Lighter FFshort+0.0096%1h0.1283+0.329%$136K$86K3x
Aster FFUSDT+0.0100%4h0.1280+0.152%$1.2M$46K5xas long as short
Bybit FFUSDT+0.0100%4h0.1279+0.078%$14.4M$16.4M20xas long as short
Gate FF_USDT+0.0100%4h0.1281+0.203%$27.0M$4.4M50xas long as short
KuCoin FFUSDTM+0.0100%4h0.1282+0.305%$8.6M$6.9M20xas long as short
Bitget FFUSDT+0.0100%4h0.1281+0.172%$18.6M$5.5M5xas long as short
BingX FF-USDT+0.0100%4h0.1279+0.070%$7.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX FF-USDT+0.0100%4h0.1278−0.039%$1K$3.3M20xas long as short