Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Extended+0.245%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.245% dearer against Extended than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended kNOT-USD0.00050410.0104pay 0.0013% / 1h34m 36s$4K$1K5x
ShortLighter 1000NOT0.00050540.0096get 0.0012% / 1h34m 36s$11K$5K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$1.68
Price spread: +0.245% → 0.000%
$24.46
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$17.78
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Lighter: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Lighter no order-book sample
Extended and Lighter: 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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT+0.0024%4h0.0005032−0.175%$66K$34Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.316%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0058%4h0.0005036−0.103%$112K$17K50xas long as short
Lighter 1000NOTshort+0.0096%1h0.0005054+0.245%$11K$5K3x
Hyperliquid NOT+0.0100%1h0.0005040−0.023%$368K$50K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005041−0.003%$14K$13K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005042+0.011%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005037−0.083%$2.1M$801K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005040−0.023%$610K$580K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005031−0.202%$140K$76K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005041−0.003%$1.4M$485K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005037−0.083%$490K$118K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005040−0.023%$662K$382K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005035−0.122%$7.5Mas long as short
Extended kNOT-USDlong+0.0104%1h0.0005041long leg$4K$1K5x
Kraken Futures PF_NOTUSD+0.7075%1h0.0005078+0.725%$49K$9K10xas long as short