Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.100%
Price spread now: Hibachi against Lighter−0.123%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.622%+$62 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.123%, 7d avg −0.102%
=Together, before fees+0.786%+ Points / potential airdropLighter: Season 3 · Hibachi: Active · farm board+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hibachi is 0.021% cheaper against Lighter than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.102%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AUDUSD | 0.7128 | 0.0024 | pay 0.0003% / 1h | 40m 56s | $529K | $42K | 25x |
| Short | Hibachi AUD/USDT-P | 0.7119 | 0.0264 | get 0.0033% / 1h | 40m 56s | $9K | $2.5M | 20x |
Lighter AUDUSD
Hibachi AUD/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- $50.4
- Price spread: −0.123% → −0.102%
- −$2.1
- Slippage, 4 orders
- −$68.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$29.44
- Costs to cover
- 0.777%
- Break-even
- 11.1 days
Slippage from Lighter: live order book, 59 min ago; Hibachi: live order book, 3 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, 59 min ago | 10.02 bp | 10.0 bp −$10 | 12.1 bp −$121 | 72.2 bp −$7,224 | doesn't fit |
| Sell Hibachi live order book, 3 min ago | 1.97 bp | 28.5 bp −$28 | 55.4 bp −$554 | doesn't fit | doesn't fit |
AUD on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC AUD_USDT | −0.0056% | 4h | 0.7115 | −0.180% | $9.8M | $229K | 100x | as long as short |
| Lighter AUDUSDlong | +0.0024% | 1h | 0.7128 | long leg | $529K | $42K | 25x | |
| Injective AUDUSD/USDC PERP | +0.0033% | 1h | 0.7110 | −0.244% | $592 | $2 | 101x | as long as short |
| Vest AUD-USD-PERP | +0.0035% | 1h | 0.7100 | −0.384% | — | $21K | 100x | as long as short |
| Hibachi AUD/USDT-Pshort | +0.0264% | 1h | 0.7119 | −0.123% | $9K | $2.5M | 20x |
MEXC AUD_USDT
Injective AUDUSD/USDC PERP
Vest AUD-USD-PERP