Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.025%
Price spread now: BloFin against Lighter+0.050%90s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$480.479% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.050%, 7d avg +0.027%
=Together, before fees+0.129%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%. 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 FIL | 0.9859 | 0.0096 | pay 0.0012% / 1h | 33m 40s | $147K | $355K | 5x |
| Short | BloFin FIL-USDT | 0.9864 | 0.0220 | get 0.0220% / 8h | 1h 33m | $2.6M | $673K | 75x |
Lighter FIL
BloFin FIL-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
- $26.04
- Price spread: +0.050% → +0.027%
- $2.27
- Slippage, 4 orders
- −$35.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$19.61
- Costs to cover
- 0.479%
- Break-even
- 12.3 days
Slippage from Lighter: live order book, 1 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, 1 min ago | 5.33 bp | 13.6 bp −$14 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.01 bp | 9.5 bp −$9 | 12.1 bp −$121 | 26.1 bp −$2,608 | 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 | −0.0662% | 1h | 0.9860 | +0.009% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9919 | +0.608% | $352K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9859 | +0.001% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9861 | +0.017% | $57K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.042% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0043% | 8h | 0.9862 | +0.029% | $17.9M | $108.6M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0057% | 8h | 0.9863 | +0.040% | $7.0M | $8.0M | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9859 | long leg | $147K | $355K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9859 | −0.005% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9864 | +0.048% | $503K | $608K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9862 | +0.029% | $55.6M | $187.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9861 | +0.019% | $15.5M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9864 | +0.050% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9856 | −0.031% | $229K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9865 | +0.060% | $11.2M | $20.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9865 | +0.060% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9865 | +0.058% | $439K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9881 | +0.224% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9882 | +0.237% | $293K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9880 | +0.212% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9866 | +0.070% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.092% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9854 | −0.052% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9864 | +0.050% | $612K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9850 | −0.092% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9859 | +0.003% | $693K | $1.4M | 10x | as long as short |
| BloFin FIL-USDTshort | +0.0220% | 8h | 0.9864 | +0.050% | $2.6M | $673K | 75x | |
| Kraken Futures PF_FILUSD | +0.0248% | 1h | 0.9861 | +0.019% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0280% | 1h | 0.9865 | +0.058% | $264K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
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
Extended FIL-USD
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]