Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.1369+0.0096pay 0.0012% / 1h18m 05s$605K$166K3xLong Lighter7d free
SHORT0.1368+0.0260get 0.0130% / 4h18m 05s$481K$972K12xShort BloFin
Price gap−0.033%
Funding gap+0.0164% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$2+0.0164% /8h now · paid +0.023% over the last 7D
Price+$3spread −0.033% now, avg −0.061% → +0.028% if it goes back
Costs−$830.832% of $10k · taker + slippage, in and out
Result−$78−0.78%+ Points / potential airdropLighter: Season 3 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.033%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 28 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size22.6 / 23.1 bp
    At $10k entering BloFin costs 23.1 bp, fee and slippage, 1.0× Lighter’s.
  • Note: Margin at max leverage$3,333 + $833
    Lighter 3x, BloFin 12x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.92Long Lighter: 24 payments, −$2.88; short BloFin: 6 payments, +$7.80.
  • OK: Entry gap works for you−0.033% vs −0.061%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$481K vs $605K OI
    BloFin sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCLighter No · BloFin Limited
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0011%/8h × 21 periods+$2.29
Price spread−0.033% → −0.061% (7d avg)+$2.78
Slippage, 4 orderslive order books−$71.23
Fee Lighter bp × 2 orders$0.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k−$78.15
Costs to cover0.832%Break-even245.4 days
Slippage: Lighter: live order book, 23 min ago; BloFin: live order book, 25 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter10.5422.6 bp−$23121.5 bp−$1,215doesn’t fitdoesn’t fit
SELL · SHORTBloFin1.8323.1 bp−$23doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchange
10-02 16:07Lighter RHListingNew perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗
10-02 14:14Lighter RHListingnew market USELESS ($USELESS) seen by our collector
10-01 10:34AvantisListingnew market USELESS/USD ($USELESS) seen by our collector
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector