Funding you earn now, next payment 00:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h +0.065%
Price spread now: tradeXYZ against Lighter−0.184%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.184%, 7d avg −0.013%
=Together, before fees+0.298%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and tradeXYZ is 0.171% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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 | 8.5724 | 0.0696 | pay 0.0087% / 1h | 15m 36s | $188K | $141K | 10x |
| Short | tradeXYZ xyz:BB | 8.5566 | 0.0408 | get 0.0051% / 1h | 15m 36s | $10.6M | $3.2M | 10x |
Lighter BB
tradeXYZ xyz:BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$60.39
- Price spread: −0.184% → −0.013%
- −$17.14
- Slippage, 4 orders
- −$48.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$143.73
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 45 min ago; tradeXYZ: 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, 45 min ago | 17.66 bp | 17.7 bp −$18 | 23.1 bp −$231 | 60.5 bp −$6,055 | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.64 bp | 19.3 bp −$19 | 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 | 8.5500 | −0.261% | $49K | $25K | 20x | as long as short |
| OKX BB-USDT-SWAP | +0.0017% | 8h | 8.5510 | −0.250% | $210K | $487K | 20x | as long as short |
| QFEX BB-USD | +0.0025% | 1h | 8.5600 | −0.145% | $1.1M | $275K | 10x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5500 | −0.261% | — | $1K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5427 | −0.346% | $458K | $445K | 10x | as long as short |
| MEXC BBSTOCK_USDT | +0.0089% | 8h | 8.5500 | −0.261% | $311K | $107K | 50x | as long as short |
| Extended BB-USD | +0.0408% | 1h | 8.5563 | −0.188% | $9K | $21K | 10x | as long as short |
| tradeXYZ xyz:BBshort | +0.0408% | 1h | 8.5566 | −0.184% | $10.6M | $3.2M | 10x | |
| Lighter BBlong | +0.0696% | 1h | 8.5724 | long leg | $188K | $141K | 10x |
Bitget BBSTOCKUSDT
OKX BB-USDT-SWAP
QFEX BB-USD
Vest BB-USD-PERP
Ondo Perps BB-USD.P
MEXC BBSTOCK_USDT
Extended BB-USD