Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.009%
Price spread now: Binance against Lighter+0.045%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.045%, 7d avg +0.012%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.033% dearer against Lighter than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9950 | 0.0096 | pay 0.0012% / 1h | 50m 38s | $157K | $354K | 5x |
| Short | Binance FILUSDT | 0.9954 | 0.0077 | get 0.0077% / 8h | 4h 50m | $57.8M | $181.2M | 75x |
Lighter FIL
Binance FILUSDTFunding 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
- −$4.02
- Price spread: +0.045% → +0.012%
- $3.28
- Slippage, 4 orders
- −$33.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.55
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 64 min ago; Binance: live order book, 8 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, 64 min ago | 9.27 bp | 19.2 bp −$19 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.50 bp | 7.2 bp −$7 | 15.1 bp −$151 | 45.7 bp −$4,570 | 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 | −0.0652% | 1h | 0.9972 | +0.226% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0020 | +0.709% | $380K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 0.9950 | +0.005% | $18.8M | $102.6M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0015% | 8h | 0.9972 | +0.226% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 0.9973 | +0.236% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9958 | +0.082% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.950% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9970 | +0.206% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDTshort | +0.0077% | 8h | 0.9954 | +0.045% | $57.8M | $181.2M | 75x | |
| Extended FIL-USD | +0.0080% | 1h | 0.9948 | −0.012% | $705K | $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
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 | 0.9963 | +0.136% | $242K | $102K | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9950 | long leg | $157K | $354K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9970 | +0.211% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9967 | +0.178% | $515K | $597K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9952 | +0.025% | $15.7M | $19.8M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9960 | +0.106% | $8.5M | $16.4M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9953 | +0.035% | $11.0M | $20.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9956 | +0.065% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | +0.173% | $449K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0027 | +0.774% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0020 | +0.713% | $295K | $934K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | +0.809% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9977 | +0.273% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9970 | +0.206% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9964 | +0.146% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9983 | +0.337% | $623K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9970 | +0.206% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0197% | 8h | 0.9963 | +0.136% | $2.7M | $647K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9970 | +0.211% | $266K | — | 100x | as long as short |
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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
GMX FIL/USD [WBTC.b-USDC]