S

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Lighter+1.060%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. gTrade (Gains Network) is 1.060% dearer against Lighter than usual: you sell high and buy low (spread +1.060% now, against zero (this spread has no 7-day history yet)): +$106 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter S	0.04315	0.0096	pay 0.0012% / 1h	57m 48s	$185K	$98K	5x
Short	gTrade (Gains Network) S/USD	0.04361	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	57m 48s	$672	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +1.060%Rate

Funding earned: −$21.44
Price spread: +1.060% → 0.000%: $105.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $74.51
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 22 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 22 min ago	16.64 bp	17.0 bp −$17	76.0 bp −$760	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.2634%	1h	0.04308	−0.158%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04334	+0.440%	$53K	$18K	25x	as long as short
Hyperliquid S	−0.0543%	1h	0.04310	−0.116%	$1.1M	$695K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04364	+1.131%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04353	+0.872%	$4	—	15x	as long as short
Variational Omni S	−0.0079%	4h	0.04433	+2.744%	$684K	$7K	—	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.04361	+1.060%	$672	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	−4.983%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.04355	+0.927%	$108K	$612K	10x	as long as short
Lighter Slong	+0.0096%	1h	0.04315	long leg	$185K	$98K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.04313	−0.041%	$47K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04306	−0.209%	$6.4M	$16.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04295	−0.463%	$6.2M	$4.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04305	−0.232%	$1.2M	$4.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04308	−0.162%	$343K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04309	−0.139%	$4.5M	$2.1M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04312	−0.070%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04309	−0.139%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04310	−0.116%	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04300	−0.348%	$101K	$470K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04390	+1.738%	$26K	$505K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04302	−0.298%	$239K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04368	+1.228%	$304K	$121K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0439%	1h	0.04354	+0.904%	$73K	$10K	10x	as long as short
01 Exchange SUSD	+0.6576%	1h	0.04440	+2.897%	$27K	$2K	5x	as long as short