Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.051%
Price spread now: edgeX against Lighter−0.193%49s7-day average −0.022% · 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—prices read too far apart to compare
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)+0.359%+$36 · spread now −0.193%, 7d avg −0.022%
=Together, before fees+0.449%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.171% cheaper against Lighter than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of −0.022%). If the spread goes back, that is −$17 on $10k: about 20 days of funding at the current rate (+$1 a day). The two prices were read 49 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 | 0.9903 | 0.0072 | pay 0.0009% / 1h | 52m 29s | $159K | $347K | 5x |
| Short | edgeX FILUSDC | 0.9884 | 0.0100 | get 0.0050% / 4h | 52m 29s | $45K | $293K | 10x |
Lighter FIL
edgeX FILUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $5.88
- Price spread: −0.193% → −0.022%
- −$17.15
- Slippage, 4 orders
- −$31.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$52.13
- Costs to cover
- 0.409%
- Break-even
- 69.1 days
Slippage from Lighter: live order book, 17 min ago; edgeX: live order book, 25 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, 17 min ago | 5.50 bp | 16.6 bp −$17 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 25 min ago | 3.53 bp | 8.6 bp −$9 | 103.1 bp −$1,031 | 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 | −0.0857% | 1h | 0.9926 | +0.229% | $171K | $23K | 25x | as long as short |
| ApeX Omni FILUSDT | −0.0508% | 1h | 0.9900 | −0.033% | $30K | $197K | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0392% | 1h | 0.9925 | +0.219% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9917 | +0.138% | $320K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.488% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9923 | +0.196% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9920 | +0.165% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0002% | 8h | 0.9909 | +0.058% | $7.4M | $7.1M | 50x | as long as short |
| Bitget FILUSDT | +0.0022% | 8h | 0.9901 | −0.023% | $11.0M | $21.6M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0026% | 8h | 0.9901 | −0.023% | $18.2M | $98.8M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
ApeX Omni FILUSDT
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bitget FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit FILUSDT | +0.0043% | 8h | 0.9906 | +0.027% | $15.4M | $18.2M | 25x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9906 | +0.027% | $692K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0064% | 8h | 0.9909 | +0.058% | $252K | $103K | 50x | as long as short |
| Binance FILUSDT | +0.0065% | 8h | 0.9903 | −0.007% | $57.3M | $177.9M | 75x | as long as short |
| Lighter FILlong | +0.0072% | 1h | 0.9903 | long leg | $159K | $347K | 5x | |
| BingX FIL-USDC | +0.0075% | 8h | 0.9910 | +0.068% | — | $6.5M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9912 | +0.089% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9912 | +0.087% | $499K | $529K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9912 | +0.088% | $7.9M | $16.2M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9896 | −0.072% | $441K | $277K | — | as long as short |
| edgeX FILUSDCshort | +0.0100% | 4h | 0.9884 | −0.193% | $45K | $293K | 10x | |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9884 | −0.194% | $293K | $798K | 10x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9928 | +0.246% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | +0.068% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9917 | +0.138% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9929 | +0.260% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | +0.270% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0187% | 8h | 0.9915 | +0.118% | $2.7M | $556K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0666% | 1h | 0.9921 | +0.182% | $197K | — | 100x | as long as short |
Bybit FILUSDT
Extended FIL-USD
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDC
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
GRVT FIL_USDT_Perp
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]