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

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Lighter−0.118%7-day average · you buy dearer than you sell
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.118% cheaper against Lighter than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000NOT0.00050470.0096pay 0.0012% / 1h11m 51s$11K$4K3x
ShortExtended kNOT-USD0.00050410.0104get 0.0013% / 1h11m 51s$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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: −0.118% → 0.000%
−$11.84
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$15.16
Costs to cover
0.050%
Break-even
70.2 days
Slippage unknown: Lighter: no order-book sample; Extended: 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 Lighter no order-book sample
Sell Extended no order-book sample
Lighter and Extended: 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−0.0282%4h0.0005033−0.273%$72K$38Kas long as short
KuCoin NOTUSDTM−0.0228%4h0.0005035−0.236%$470K$128K50xas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.426%$1K$13K5.5xas long as short
Lighter 1000NOTlong+0.0096%1h0.0005047long leg$11K$4K3x
Hyperliquid NOT+0.0100%1h0.0005040−0.137%$355K$56K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005042−0.099%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005040−0.137%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005033−0.275%$2.1M$848K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005037−0.196%$638K$673K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005038−0.176%$139K$70K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005040−0.137%$1.3M$445K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005045−0.038%$670K$422K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005041−0.117%$8.7Mas long as short
Extended kNOT-USDshort+0.0104%1h0.0005041−0.118%$4K5x
BloFin NOT-USDT+0.0139%4h0.0005046−0.018%$111K$18K50xas long as short
Kraken Futures PF_NOTUSD+0.1135%1h0.0005038−0.182%$49K$7K10xas long as short