Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.074%
Price spread now: BloFin against Lighter−0.352%90s7-day average −0.299% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$880.881% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.352%, 7d avg −0.299%
=Together, before fees−0.366%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.299%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FF | 0.1277 | 0.0096 | pay 0.0012% / 1h | 43m 46s | $135K | $65K | 3x |
| Short | BloFin FF-USDT | 0.1272 | −0.0188 | pay 0.0094% / 4h | 1h 43m | $2.3M | $442K | 20x |
Lighter FF
BloFin FF-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$59.6
- Price spread: −0.352% → −0.299%
- −$5.3
- Slippage, 4 orders
- −$76.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$153.05
- Costs to cover
- 0.881%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 30 min ago; BloFin: live order book, 4 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, 30 min ago | 7.05 bp | 49.0 bp −$49 | 157.3 bp −$1,573 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.79 bp | 11.4 bp −$11 | 26.9 bp −$269 | 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 FFUSDT | −0.0199% | 4h | 0.1273 | −0.321% | $43.0M | $51.3M | 20x | as long as short |
| MEXC FF_USDT | −0.0198% | 4h | 0.1273 | −0.313% | $10.0M | $3.6M | 50x | as long as short |
| BloFin FF-USDTshort | −0.0188% | 4h | 0.1272 | −0.352% | $2.3M | $442K | 20x | |
| Bybit FFUSDT | +0.0040% | 4h | 0.1273 | −0.313% | $14.3M | $13.0M | 20x | as long as short |
| Lighter FFlong | +0.0096% | 1h | 0.1277 | long leg | $135K | $65K | 3x | |
| Aster FFUSDT | +0.0100% | 4h | 0.1274 | −0.211% | $1.2M | $33K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | −0.141% | $26.8M | $3.5M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1276 | −0.086% | $8.6M | $6.7M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1273 | −0.266% | $18.5M | $4.8M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1273 | −0.290% | — | $7.1M | — | as long as short |
Binance FFUSDT
MEXC 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 | −0.337% | $2K | $2.8M | 20x | as long as short |
SunX FF-USDT