Funding you earn now, next payment 04:00 UTC−0.0505%/8h= −55.2% APRnext payment −$0.63 per $10,000 · paid last 24h −0.229%
Price spread now: Lighter against Injective−0.283%96s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.283% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USDCAD/USDC PERP | 1.4040 | 0.0033 | pay 0.0004% / 1h | 51m 24s | — | $3 | 101x |
| Short | Lighter USDCAD | 1.4001 | −0.0472 | pay 0.0059% / 1h | 51m 24s | $1.5M | $112K | 25x |
Injective USDCAD/USDC PERP
Lighter USDCADFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$105.96
- Price spread: −0.283% → 0.000%
- −$28.28
- 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
- −$134.25
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 5 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, 5 min ago | 7.86 bp | 8.2 bp −$8 | 10.5 bp −$105 | 77.3 bp −$7,727 | 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.
USDCAD on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USDCADshort | −0.0472% | 1h | 1.4001 | −0.283% | $1.5M | $112K | 25x | |
| Injective USDCAD/USDC PERPlong | +0.0033% | 1h | 1.4040 | long leg | — | $3 | 101x |