Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −2.414%
Price spread now: 01 Exchange against Lighter−0.025%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.025% cheaper against Lighter than usual: you would sell low and buy high (−$3 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 | 0.03931 | 0.0096 | pay 0.0012% / 1h | 37m 13s | $165K | $222K | 5x |
| Short | 01 Exchange SUSD | 0.03930 | −0.0008 | pay 0.0001% / 1h | 37m 13s | $24K | $2K | 5x |
Lighter S
01 Exchange SUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$21.84
- Price spread: −0.025% → 0.000%
- −$2.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$31.38
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 37 min ago; 01 Exchange: 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, 37 min ago | 15.24 bp | 20.0 bp −$20 | 92.2 bp −$922 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1591% | 1h | 0.03928 | −0.071% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −2.671% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0886% | 4h | 0.03930 | −0.024% | $611K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0195% / S +0.0188% | 1h | 0.03929 | −0.041% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03926 | −0.128% | $4 | — | 15x | as long as short |
| 01 Exchange SUSDshort | −0.0008% | 1h | 0.03930 | −0.025% | $24K | $2K | 5x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03929 | −0.041% | $606 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0024% | 4h | 0.03929 | −0.051% | $100K | $347K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.299% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0069% | 4h | 0.03929 | −0.055% | $43K | $212K | 10x | as long as short |
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_USDC
Injective S/USDC PERP
Aster SUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter Slong | +0.0096% | 1h | 0.03931 | long leg | $165K | $222K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.03928 | −0.069% | $986K | $756K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03929 | −0.054% | $5.4M | $19.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03921 | −0.254% | $5.6M | $5.8M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03926 | −0.127% | $979K | $6.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03930 | −0.025% | $321K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03929 | −0.051% | $3.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03924 | −0.178% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03930 | −0.025% | $1.2M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03928 | −0.076% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03940 | +0.229% | $25K | $465K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03927 | −0.106% | $221K | $881K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03941 | +0.254% | $268K | $127K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0343% | 1h | 0.03930 | −0.025% | $114K | $300K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0514% | 1h | 0.03932 | +0.025% | $66K | $10K | 10x | as long as short |
Hyperliquid S
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
BloFin S-USDT
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL