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: Injective against Lighter+4.432%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Injective is 4.432% dearer against Lighter than usual: you sell high and buy low (spread +4.432% now, against zero (this spread has no 7-day history yet)): +$443 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months. Mind the row above: over the last 7 days funding on this pair paid +0.813%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter S | 0.03926 | 0.0096 | pay 0.0012% / 1h | 28m 57s | $164K | $217K | 5x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 28m 57s | $2K | $37K | 12x |
Lighter S
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$13.16
- Price spread: +4.432% → 0.000%
- $443.2
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $430.02
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 31 min ago; Injective: 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, 31 min ago | 2.55 bp | 22.6 bp −$23 | 93.8 bp −$938 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −2.191% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2128% | 1h | 0.03919 | −0.166% | $33K | $25K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.547% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0995% | 4h | 0.03911 | −0.381% | $608K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0202% / S +0.0195% | 1h | 0.03925 | −0.031% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03920 | −0.158% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03923 | −0.068% | $605 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0029% | 4h | 0.03921 | −0.127% | $100K | $340K | 10x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +4.432% | $2K | $37K | 12x | |
| Lighter Slong | +0.0096% | 1h | 0.03926 | long leg | $164K | $217K | 5x |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03921 | −0.132% | $982K | $695K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03929 | +0.084% | $43K | $145K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03921 | −0.139% | $5.4M | $17.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03915 | −0.280% | $5.6M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03916 | −0.255% | $979K | $5.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03917 | −0.229% | $320K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03920 | −0.153% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03922 | −0.102% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03922 | −0.102% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03917 | −0.229% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03920 | −0.153% | $114K | $312K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03920 | −0.153% | $25K | $454K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03917 | −0.229% | $220K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03916 | −0.255% | $267K | $126K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0514% | 1h | 0.03928 | +0.051% | $66K | $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
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL