Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.051%
Price spread now: Lighter against Phemex−0.175%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.175%, 7d avg −0.005%
=Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.170% cheaper against Phemex than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9900 | 0.0100 | pay 0.0100% / 8h | 48m 35s | $1.1M | $2.3M | 50x |
| Short | Lighter FIL | 0.9883 | 0.0080 | get 0.0010% / 1h | 48m 35s | $159K | $347K | 5x |
Phemex FILUSDT
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- −$4.2
- Price spread: −0.175% → −0.005%
- −$16.97
- Slippage, 4 orders
- −$77.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$110.81
- Costs to cover
- 0.896%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 21 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 Phemex live order book, 5 min ago | 10.07 bp | 35.2 bp −$35 | 97.2 bp −$972 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 21 min ago | 5.50 bp | 7.2 bp −$7 | 22.1 bp −$221 | 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 | −0.1062% | 1h | 0.9892 | −0.081% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0393% | 1h | 0.9891 | −0.093% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9907 | +0.071% | $320K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.455% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0006% | 8h | 0.9887 | −0.131% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9894 | −0.057% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9889 | −0.113% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0025% | 8h | 0.9884 | −0.162% | $18.2M | $98.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0026% | 8h | 0.9886 | −0.141% | $11.0M | $21.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0045% | 8h | 0.9888 | −0.121% | $15.4M | $18.3M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0062% | 8h | 0.9885 | −0.156% | $57.3M | $177.9M | 75x | as long as short |
| MEXC FIL_USDC | +0.0062% | 8h | 0.9885 | −0.152% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9884 | −0.161% | $693K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0068% | 8h | 0.9887 | −0.131% | — | $11.9M | — | as long as short |
| Lighter FILshort | +0.0080% | 1h | 0.9883 | −0.175% | $159K | $347K | 5x | |
| Gate FIL_USDT | +0.0093% | 8h | 0.9886 | −0.141% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9888 | −0.120% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9892 | −0.077% | $498K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.114% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9906 | +0.062% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9909 | +0.086% | $289K | $807K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9910 | +0.101% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9895 | −0.048% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.101% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9885 | −0.152% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | −0.061% | $632K | $5.6M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9900 | long leg | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0182% | 8h | 0.9885 | −0.152% | $2.7M | $555K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0666% | 1h | 0.9892 | −0.080% | $197K | — | 100x | as long as short |
Binance FILUSDT
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDT
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]