S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against Injective−4.244%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.813%−$81 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 4.244% cheaper against Injective than usual: you would sell low and buy high (spread −4.244% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$424 on $10k: about 8 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.813%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	29m 01s	$2K	$37K	12x
Short	Lighter S	0.03926	0.0096	get 0.0012% / 1h	29m 01s	$164K	$217K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee LighterbpOrdersPrice spread, now −4.244%Rate

Funding earned: $13.16
Price spread: −4.244% → 0.000%: −$424.39
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$411.25
Costs to cover: 0.000%
Break-even: 225.7 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 31 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 31 min ago	2.55 bp	6.6 bp −$7	83.0 bp −$830	doesn't fit	doesn't fit

Injective: 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
01 Exchange SUSD	−0.6088%	1h	0.03840	−6.341%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2128%	1h	0.03919	−4.403%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−6.683%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0995%	4h	0.03911	−4.609%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0202% / S +0.0195%	1h	0.03925	−4.273%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03920	−4.396%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03923	−4.309%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03921	−4.366%	$100K	$340K	10x	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Lighter Sshort	+0.0096%	1h	0.03926	−4.244%	$164K	$217K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03921	−4.371%	$982K	$695K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03929	−4.163%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03921	−4.377%	$5.4M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03915	−4.512%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	−4.488%	$979K	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−4.463%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03920	−4.390%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03922	−4.341%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03922	−4.341%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03917	−4.463%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	−4.390%	$114K	$312K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−4.390%	$25K	$454K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03917	−4.463%	$220K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03916	−4.488%	$267K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0514%	1h	0.03928	−4.195%	$66K	$10K	10x	as long as short