Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against gTrade (Gains Network)+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.036% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) S/USD | 0.03915 | L +0.0001% / S +0.0006% | pay 0.0000% / 1h | 26m 53s | $603 | — | 150x |
| Short | Lighter S | 0.03916 | 0.0096 | get 0.0012% / 1h | 26m 53s | $164K | $240K | 5x |
gTrade (Gains Network) S/USD
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $20.04
- Price spread: +0.036% → 0.000%
- $3.58
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.62
- Costs to cover
- 0.100%
- Break-even
- 2.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 56 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 56 min ago | 12.59 bp | 15.5 bp −$16 | 83.8 bp −$838 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1459% | 1h | 0.03911 | −0.083% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.263% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1055% | 4h | 0.03895 | −0.492% | $606K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0189% / S +0.0183% | 1h | 0.03916 | +0.046% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03911 | −0.089% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0016% | 4h | 0.03914 | −0.015% | $101K | $337K | 10x | as long as short |
| Aster SUSDT | −0.0010% | 4h | 0.03917 | +0.054% | $43K | $212K | 10x | as long as short |
| 01 Exchange SUSD | 0.0000% | 1h | 0.03900 | −0.373% | $24K | $3K | 5x | as long as short |
| gTrade (Gains Network) S/USDlong | L +0.0001% / S +0.0006% | 1h | 0.03915 | long leg | $603 | — | 150x | |
| Deribit S_USDC-PERPETUAL | +0.0005% | 1h | 0.03918 | +0.087% | $66K | $10K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Orderly PERP_S_USDC
Aster SUSDT
01 Exchange SUSD
Deribit S_USDC-PERPETUALShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.736% | $2K | $37K | 12x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.03916 | +0.036% | $164K | $240K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.03920 | +0.143% | $989K | $911K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03917 | +0.066% | $5.3M | $23.5M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03913 | −0.041% | $5.6M | $6.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03919 | +0.112% | $975K | $7.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03909 | −0.143% | $320K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03915 | +0.010% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03910 | −0.118% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03917 | +0.061% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03915 | +0.010% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03900 | −0.373% | $19K | $470K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03917 | +0.056% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03908 | −0.169% | $268K | $158K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0399% | 1h | 0.03910 | −0.118% | $114K | $291K | 5x | as long as short |
Injective S/USDC PERP
Hyperliquid S
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
BloFin S-USDT
Backpack S_USDC_PERP