Funding you earn now, next payment 04:00 UTC−0.0475%/8h= −52.0% APRnext payment −$0.59 per $10,000 · paid last 24h −0.159%
Price spread now: Lighter against GMX+0.069%7-day average −0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.275%−$27 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.069%, 7d avg −0.055%
=Together, before fees−0.360%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.055%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9910 | L +0.0571% / S −0.0237% | pay 0.0071% / 1h | 46m 23s | $265K | — | 100x |
| Short | Lighter FIL | 0.9917 | 0.0096 | get 0.0012% / 1h | 46m 23s | $154K | $360K | 5x |
GMX FIL/USD [WBTC.b-USDC]
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$99.74
- Price spread: +0.069% → −0.055%
- $12.31
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$99.43
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 6.79 bp | 11.7 bp −$12 | 23.9 bp −$239 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0556% | 1h | 0.9917 | +0.071% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9909 | −0.010% | $374K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 0.9914 | +0.040% | $18.6M | $103.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0020% | 8h | 0.9910 | 0.000% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9912 | +0.015% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9925 | +0.153% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.555% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0044% | 1h | 0.9913 | +0.026% | $1.3M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0078% | 8h | 0.9908 | −0.018% | $57.5M | $182.3M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9908 | −0.016% | $704K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 0.9918 | +0.081% | $240K | $103K | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9917 | +0.069% | $154K | $360K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9911 | +0.011% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9911 | +0.014% | $510K | $598K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9912 | +0.020% | $15.6M | $19.9M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9913 | +0.030% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9907 | −0.030% | $11.1M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9912 | +0.020% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | +0.573% | $449K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9939 | +0.289% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9939 | +0.295% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.404% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9915 | +0.047% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9909 | −0.010% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9927 | +0.171% | $620K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | +0.101% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0197% | 8h | 0.9920 | +0.101% | $2.7M | $644K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0571% / S −0.0237% | 1h | 0.9910 | long leg | $265K | — | 100x |
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
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