Funding you earn now, next payment 06:00 UTC+0.0489%/8h= +53.6% APRpaid last 24h +0.215%
Price spread now: BloFin against Lighter−0.620%90s7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days+0.732%+$73 on $10k
+Price spread, last 4 days (all we have)+0.487%+$49 · spread now −0.620%, 7d avg +0.026%
=Together, before fees+1.219%+ Points / potential airdropLighter: Season 3 · farm board+$122 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.647% cheaper against Lighter than usual: you would sell low and buy high (spread −0.620% now, against its 7-day average of +0.026%). If the spread goes back, that is −$65 on $10k: about 4.4 days of funding at the current rate (+$15 a day). The two prices were read 90 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 | Lighter USELESS | 0.2676 | 0.0096 | pay 0.0012% / 1h | 37m 48s | $1.2M | $1.2M | 3x |
| Short | BloFin USELESS-USDT | 0.2659 | 0.0585 | get 0.0293% / 4h | 2h 37m | $1.1M | $2.0M | 12x |
Lighter USELESS
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $102.77
- Price spread: −0.620% → +0.026%
- −$64.69
- Slippage, 4 orders
- −$82.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.49
- Costs to cover
- 0.946%
- Break-even
- 10.8 days
Slippage from Lighter: live order book, 3 min ago; BloFin: live order book, 5 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 Lighter live order book, 3 min ago | 2.83 bp | 25.8 bp −$26 | 75.8 bp −$758 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.41 bp | 20.1 bp −$20 | 39.6 bp −$396 | 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 USELESSlong | +0.0096% | 1h | 0.2676 | long leg | $1.2M | $1.2M | 3x | |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2675 | −0.015% | $11.6M | $22.8M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2671 | −0.171% | $524K | $2.3M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2671 | −0.181% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2669 | −0.250% | $26K | $246K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2672 | −0.146% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2670 | −0.206% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2666 | −0.355% | $634K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0108% | 4h | 0.2675 | −0.019% | $5.1M | $10.4M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0136% | 4h | 0.2669 | −0.239% | $4.9M | $10.6M | 12x | as long as short |
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2665 | −0.388% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0153% | 4h | 0.2678 | +0.097% | $9.2M | $65.3M | 10x | as long as short |
| Extended USELESS-USD | +0.0200% | 1h | 0.2671 | −0.158% | $113K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0202% | 4h | 0.2678 | +0.082% | $10.8M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0208% | 4h | 0.2679 | +0.135% | $22.3M | $122.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0216% | 4h | 0.2691 | +0.581% | $20K | $195K | 10x | as long as short |
| Bybit USELESSUSDT | +0.0330% | 4h | 0.2676 | 0.000% | $25.2M | $48.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0372% | 4h | 0.2675 | −0.034% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0513% | 4h | 0.2699 | +0.876% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDTshort | +0.0585% | 4h | 0.2659 | −0.620% | $1.1M | $2.0M | 12x | |
| Gate USELESS_USDT | +0.0624% | 4h | 0.2668 | −0.284% | $6.7M | $8.6M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0844% | 1h | 0.2694 | +0.684% | $48K | $698K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1194% | 4h | 0.2666 | −0.363% | $20K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +5.625% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP