Funding you earn now, next payment 01:00 UTC+0.0302%/8h= +33.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.126%
Price spread now: Lighter against GMX+0.157%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 +$9 a day on $10k at the current rate, and Lighter is 0.157% dearer against GMX than usual: you sell high and buy low: +$16 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 | GMX S/USD [WBTC.b-USDC] | 0.04003 | L −0.0206% / S +0.0198% | get 0.0026% / 1h | 13m 53s | $1K | — | 100x |
| Short | Lighter S | 0.04009 | 0.0096 | get 0.0012% / 1h | 13m 53s | $164K | $192K | 5x |
GMX S/USD [WBTC.b-USDC]
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $63.4
- Price spread: +0.157% → 0.000%
- $15.74
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $67.14
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 41 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 41 min ago | 7.59 bp | 15.3 bp −$15 | 100.4 bp −$1,004 | doesn't fit | doesn't fit |
GMX: 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 | −0.2019% | 1h | 0.04001 | −0.043% | $34K | $23K | 10x | as long as short |
| 01 Exchange SUSD | −0.1960% | 1h | 0.04000 | −0.067% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03959 | −1.092% | $49K | $5K | 25x | as long as short |
| Variational Omni S | −0.0722% | 4h | 0.03990 | −0.320% | $620K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC]long | L −0.0206% / S +0.0198% | 1h | 0.04003 | long leg | $1K | — | 100x | |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04002 | −0.020% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04002 | −0.008% | $617 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.04006 | +0.082% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.431% | $2K | $37K | 12x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.04009 | +0.157% | $164K | $192K | 5x |
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
Variational Omni S
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04005 | +0.055% | $1.0M | $622K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04004 | +0.040% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04003 | −0.001% | $5.5M | $15.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03997 | −0.142% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03998 | −0.117% | $984K | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03999 | −0.092% | $327K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04002 | −0.017% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04006 | +0.082% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04004 | +0.032% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03999 | −0.092% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03990 | −0.317% | $26K | $444K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04000 | −0.058% | $224K | $1.1M | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0194% | 1h | 0.04010 | +0.182% | $117K | $325K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03997 | −0.142% | $270K | $127K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0748% | 1h | 0.04012 | +0.232% | $67K | $10K | 10x | 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
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL