Funding you earn now, next payment 22:00 UTC−0.0512%/8h= −56.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.023%
Price spread now: Lighter against Extended−0.036%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.036%, 7d avg +0.027%
=Together, before fees+0.164%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.063% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 per $10,000. 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 | Extended FIL-USD | 0.9826 | 0.0104 | pay 0.0013% / 1h | 30m 10s | $685K | $2.3M | 10x |
| Short | Lighter FIL | 0.9822 | −0.0408 | pay 0.0051% / 1h | 30m 10s | $157K | $337K | 5x |
Extended FIL-USD
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$107.52
- Price spread: −0.036% → +0.027%
- −$6.31
- Slippage, 4 orders
- −$32.54
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$151.37
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Lighter: live order book, 53 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 Extended live order book, 4 min ago | 1.43 bp | 7.3 bp −$7 | 107.5 bp −$1,075 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 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 | −0.1272% | 1h | 0.9837 | +0.115% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0623% | 1h | 0.9832 | +0.063% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FILshort | −0.0408% | 1h | 0.9822 | −0.036% | $157K | $337K | 5x | |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9843 | +0.176% | $315K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0064% | 8h | 0.9829 | +0.034% | $15.5M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0035% | 8h | 0.9824 | −0.017% | $10.8M | $21.9M | 75x | as long as short |
| Hyperliquid FIL | −0.0005% | 1h | 0.9824 | −0.013% | $8.6M | $9.5M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9835 | +0.090% | $24K | — | 150x | as long as short |
| Variational Omni FIL | −0.0002% | 8h | 0.9833 | +0.070% | $435K | $276K | — | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9837 | +0.117% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
Hyperliquid FIL
gTrade (Gains Network) FIL/USD
Variational Omni FIL
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0010% | 8h | 0.9825 | −0.007% | $18.1M | $96.5M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.760% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0034% | 8h | 0.9826 | +0.003% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9830 | +0.041% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9824 | −0.014% | $56.3M | $175.9M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9828 | +0.024% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9823 | −0.027% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9827 | +0.013% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9800 | −0.265% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9812 | −0.143% | $287K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9800 | −0.261% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9841 | +0.161% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | +0.044% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9826 | +0.003% | $476 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.146% | $623K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9830 | +0.044% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USDlong | +0.0104% | 1h | 0.9826 | long leg | $685K | $2.3M | 10x | |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9835 | +0.095% | $2.6M | $636K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0615% / S −0.0742% | 1h | 0.9837 | +0.116% | $213K | — | 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-USDC
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]