Funding you earn now, next payment 04:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.064%
Price spread now: Lighter against BloFin+0.320%90s7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as 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−$910.908% of the position
Funding, last 7 days−1.102%−$110 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.320%, 7d avg +0.065%
=Together, before fees−1.134%+ Points / potential airdropLighter: Season 3 · farm board−$113 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.256% dearer against BloFin than usual: you sell high and buy low (spread +0.320% now, against its 7-day average of +0.065%): +$26 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−1.102% in total) that is about 39 hours. 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 | BloFin S-USDT | 0.04058 | 0.0340 | pay 0.0170% / 4h | 47m 46s | $282K | $98K | 75x |
| Short | Lighter S | 0.04071 | 0.0096 | get 0.0012% / 1h | 47m 46s | $171K | $154K | 5x |
BloFin S-USDT
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$51.24
- Price spread: +0.320% → +0.065%
- $25.57
- Slippage, 4 orders
- −$78.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$116.45
- Costs to cover
- 0.908%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 min ago; Lighter: live order book, 57 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 BloFin live order book, 52 min ago | 2.44 bp | 23.5 bp −$24 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 15.83 bp | 28.3 bp −$28 | 108.0 bp −$1,080 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.9488% | 1h | 0.03960 | −2.415% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2515% | 1h | 0.04059 | +0.029% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.04022 | −0.887% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04073 | +0.372% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04067 | +0.211% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0101% | 4h | 0.04080 | +0.537% | $633K | $31K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04072 | +0.345% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.035% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0058% | 4h | 0.04067 | +0.222% | $101K | $307K | 10x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.04071 | +0.320% | $171K | $154K | 5x |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04071 | +0.318% | $1.0M | $549K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04066 | +0.197% | $45K | $130K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04071 | +0.320% | $5.6M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04063 | +0.123% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04066 | +0.197% | $1.1M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04063 | +0.123% | $333K | $187K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04067 | +0.222% | $3.9M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04065 | +0.172% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04072 | +0.345% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04067 | +0.222% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04080 | +0.542% | $25K | $453K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04065 | +0.182% | $233K | $1.1M | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0241% | 1h | 0.04072 | +0.345% | $68K | $10K | 10x | as long as short |
| BloFin S-USDTlong | +0.0340% | 4h | 0.04058 | long leg | $282K | $98K | 75x | |
| Backpack S_USDC_PERP | +0.0723% | 1h | 0.04080 | +0.542% | $119K | $395K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP