S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.091%

Price spread now: GMX against Lighter−0.053%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

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 against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter S	0.03949	0.0096	pay 0.0012% / 1h	0m 02s	$165K	$158K	5x
Short	GMX S/USD [WBTC.b-USDC]	0.03947	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	0m 02s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$61.75
Price spread: −0.053% → 0.000%: −$5.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.07
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 40 min ago; GMX: 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, 40 min ago	12.31 bp	17.0 bp −$17	85.3 bp −$853	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
01 Exchange SUSD	−0.5928%	1h	0.03950	+0.025%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2589%	1h	0.03942	−0.165%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03928	−0.532%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.03947	−0.053%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.03945	−0.111%	$4	—	15x	as long as short
Variational Omni S	−0.0043%	4h	0.03942	−0.169%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03949	0.000%	$609	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.824%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0073%	4h	0.03946	−0.076%	$98K	$274K	10x	as long as short
Lighter Slong	+0.0096%	1h	0.03949	long leg	$165K	$158K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03946	−0.073%	$986K	$583K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03953	+0.094%	$44K	$132K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03947	−0.051%	$5.4M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03941	−0.203%	$5.6M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03946	−0.076%	$996K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03944	−0.127%	$322K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03947	−0.051%	$3.6M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03946	−0.076%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03951	+0.051%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03943	−0.152%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.532%	$24K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03946	−0.065%	$222K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03962	+0.329%	$271K	$99K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0763%	1h	0.03951	+0.051%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1144%	1h	0.03960	+0.279%	$115K	$421K	5x	as long as short