Funding you earn now, next payment 21:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.076%
Price spread now: Lighter against Coinbase International−0.207%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.207%, 7d avg −0.100%
=Together, before fees+0.484%+ Points / potential airdropLighter: Season 3 · farm board+$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.106% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.100%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FIL-PERP-INTX | 0.9816 | −0.0328 | get 0.0041% / 1h | 31m 50s | $314K | $1.9M | 50x |
| Short | Lighter FIL | 0.9796 | −0.0416 | pay 0.0052% / 1h | 31m 50s | $156K | $337K | 5x |
Coinbase International FIL-PERP-INTX
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$18.48
- Price spread: −0.207% → −0.100%
- −$10.65
- Slippage, 4 orders
- −$39.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$79.03
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 51 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 Coinbase International live order book, 2 min ago | 7.14 bp | 13.1 bp −$13 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 10.61 bp | 10.7 bp −$11 | 26.1 bp −$261 | doesn't fit | doesn't fit |
FIL 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 FIL_USDC-PERPETUAL | −0.1277% | 1h | 0.9809 | −0.071% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0625% | 1h | 0.9808 | −0.084% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FILshort | −0.0416% | 1h | 0.9796 | −0.207% | $156K | $337K | 5x | |
| Coinbase International FIL-PERP-INTXlong | −0.0328% | 1h | 0.9816 | long leg | $314K | $1.9M | 50x | |
| Bybit FILUSDT | −0.0069% | 8h | 0.9832 | +0.163% | $15.5M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0036% | 8h | 0.9826 | +0.102% | $10.8M | $21.9M | 75x | as long as short |
| Variational Omni FIL | −0.0014% | 8h | 0.9812 | −0.039% | $435K | $276K | — | as long as short |
| Hyperliquid FIL | −0.0006% | 1h | 0.9808 | −0.080% | $8.6M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9805 | −0.113% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9805 | −0.117% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Bybit FILUSDT
Bitget FILUSDT
Variational Omni FIL
Hyperliquid FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0011% | 8h | 0.9827 | +0.112% | $18.1M | $96.5M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.662% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0034% | 8h | 0.9810 | −0.061% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9810 | −0.060% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9831 | +0.149% | $56.3M | $175.7M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9828 | +0.122% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9804 | −0.122% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9827 | +0.112% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9809 | −0.070% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9812 | −0.044% | $287K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | −0.061% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9815 | −0.010% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9790 | −0.265% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9799 | −0.173% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9809 | −0.071% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9800 | −0.163% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9825 | +0.089% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9800 | −0.163% | $2.6M | $634K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0613% / S −0.0849% | 1h | 0.9806 | −0.097% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]