Funding you earn now, next payment 01:00 UTC−0.1602%/8h= −175.4% APRnext payment −$2.00 per $10,000 · paid last 24h −0.058%
Price spread now: QFEX against Lighter−0.352%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.352%, 7d avg −0.061%
=Together, before fees+0.192%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and QFEX is 0.292% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.079% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BB | 8.6003 | 0.1616 | pay 0.0202% / 1h | 38m 02s | $188K | $141K | 10x |
| Short | QFEX BB-USD | 8.5700 | 0.0014 | get 0.0002% / 1h | 38m 02s | $1.1M | $283K | 10x |
Lighter BB
QFEX BB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$336.34
- Price spread: −0.352% → −0.061%
- −$29.16
- Slippage, 4 orders
- −$64.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$440.27
- Costs to cover
- 0.748%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 17 min ago; QFEX: 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, 17 min ago | 16.47 bp | 16.5 bp −$16 | 21.9 bp −$219 | 59.2 bp −$5,917 | doesn't fit |
| Sell QFEX live order book, 3 min ago | 11.65 bp | 20.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5770 | −0.271% | $49K | $24K | 20x | as long as short |
| QFEX BB-USDshort | +0.0014% | 1h | 8.5700 | −0.352% | $1.1M | $283K | 10x | |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.352% | — | $1K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0161% | 8h | 8.5830 | −0.201% | $211K | $493K | 20x | as long as short |
| MEXC BBSTOCK_USDT | +0.0230% | 8h | 8.5600 | −0.469% | $311K | $106K | 50x | as long as short |
| Ondo Perps BB-USD.P | +0.0845% | 1h | 8.5752 | −0.292% | $460K | $443K | 10x | as long as short |
| Lighter BBlong | +0.1616% | 1h | 8.6003 | long leg | $188K | $141K | 10x | |
| tradeXYZ xyz:BB | +0.1670% | 1h | 8.5801 | −0.235% | $10.6M | $3.2M | 10x | as long as short |
| Extended BB-USD | +0.1696% | 1h | 8.5800 | −0.236% | $9K | $21K | 10x | as long as short |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
OKX BB-USDT-SWAP
MEXC BBSTOCK_USDT
Ondo Perps BB-USD.P
tradeXYZ xyz:BB
Extended BB-USD