Funding you earn now, next payment 02:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.077%
Price spread now: Binance against Lighter−0.327%7-day average −0.241% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days−0.396%−$40 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.327%, 7d avg −0.241%
=Together, before fees−0.303%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.241%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.396% in total (about -20.7% 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 FF | 0.1286 | 0.0624 | pay 0.0078% / 1h | 32m 28s | $136K | $35K | 3x |
| Short | Binance FFUSDT | 0.1281 | −0.0036 | pay 0.0018% / 4h | 2h 32m | $43.3M | $20.2M | 20x |
Lighter FF
Binance FFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$138.59
- Price spread: −0.327% → −0.241%
- −$8.56
- Slippage, 4 orders
- −$83.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$240.56
- Costs to cover
- 0.934%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 17 min ago; Binance: live order book, 10 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, 17 min ago | 1.55 bp | 52.6 bp −$53 | 151.2 bp −$1,512 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.17 bp | 17.1 bp −$17 | 58.0 bp −$580 | doesn't fit | doesn't fit |
FF on 10 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 FFUSDTshort | −0.0036% | 4h | 0.1281 | −0.327% | $43.3M | $20.2M | 20x | |
| MEXC FF_USDT | −0.0034% | 4h | 0.1281 | −0.342% | $10.1M | $756K | 50x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1282 | −0.257% | $1.2M | $17K | 5x | as long as short |
| Bybit FFUSDT | +0.0100% | 4h | 0.1282 | −0.303% | $14.4M | $5.3M | 20x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1283 | −0.249% | $8.6M | $5.1M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1283 | −0.241% | $18.7M | $1.3M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1281 | −0.327% | — | $6.7M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1279 | −0.490% | $2K | $1.3M | 20x | as long as short |
| Gate FF_USDT | +0.0128% | 4h | 0.1283 | −0.179% | $27.0M | $1.5M | 50x | as long as short |
| Lighter FFlong | +0.0624% | 1h | 0.1286 | long leg | $136K | $35K | 3x |
MEXC FF_USDT
Aster FFUSDT
Bybit FFUSDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDT
Gate FF_USDT