Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.013%
Price spread now: Lighter against Gate+0.018%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now +0.018%, 7d avg +0.080%
=Together, before fees+0.081%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USELESS_USDT | 0.2745 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $6.9M | $8.5M | 50x |
| Short | Lighter USELESS | 0.2745 | 0.0096 | get 0.0012% / 1h | 44m 15s | $1.2M | $1.2M | 3x |
Gate USELESS_USDT
Lighter USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$0.84
- Price spread: +0.018% → +0.080%
- −$6.14
- Slippage, 4 orders
- −$100.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$122.34
- Costs to cover
- 1.154%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 12 min ago.
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 Gate live order book, 4 min ago | 7.47 bp | 45.0 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 5.65 bp | 7.1 bp −$7 | 63.8 bp −$638 | doesn't fit | doesn't fit |
USELESS on 24 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 USELESSshort | +0.0096% | 1h | 0.2745 | +0.018% | $1.2M | $1.2M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2748 | +0.142% | $31K | $70K | 3x | as long as short |
| Gate USELESS_USDTlong | +0.0100% | 4h | 0.2745 | long leg | $6.9M | $8.5M | 50x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2750 | +0.179% | $32K | $209K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2752 | +0.288% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2755 | +0.393% | $18K | $506K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2746 | +0.062% | $603K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0133% | 4h | 0.2747 | +0.102% | $9.7M | $64.6M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0197% | 1h | 0.2758 | +0.488% | $38K | $693K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0204% | 4h | 0.2747 | +0.069% | $5.1M | $10.4M | 12x | as long as short |
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2751 | +0.226% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2750 | +0.204% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2746 | +0.055% | $21K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0580% | 4h | 0.2748 | +0.124% | $10.7M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0584% | 4h | 0.2748 | +0.113% | $23.3M | $117.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0584% | 1h | 0.2753 | +0.301% | $292K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0771% | 1h | 0.2753 | +0.321% | $13.5M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0898% | 4h | 0.2752 | +0.273% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0910% | 4h | 0.2749 | +0.157% | $26.6M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0956% | 4h | 0.2742 | −0.089% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1037% | 4h | 0.2748 | +0.135% | $586K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1177% | 4h | 0.2742 | −0.077% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1351% | 4h | 0.2753 | +0.295% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2902 | +5.746% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP