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: Lighter against QFEX+0.354%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as 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)−0.273%−$27 · spread now +0.354%, 7d avg +0.061%
=Together, before fees−0.194%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Lighter is 0.293% dearer against QFEX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.061%.
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 | QFEX BB-USD | 8.5700 | 0.0014 | pay 0.0002% / 1h | 37m 54s | $1.1M | $283K | 10x |
| Short | Lighter BB | 8.6003 | 0.1616 | get 0.0202% / 1h | 37m 54s | $188K | $141K | 10x |
QFEX BB-USD
Lighter BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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: +0.354% → +0.061%
- $29.28
- Slippage, 4 orders
- −$64.78
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $290.84
- Costs to cover
- 0.748%
- Break-even
- 0.9 days
Slippage from QFEX: live order book, 3 min ago; Lighter: live order book, 17 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 QFEX live order book, 3 min ago | 11.65 bp | 21.3 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 17 min ago | 16.47 bp | 16.5 bp −$16 | 27.2 bp −$272 | 72.4 bp −$7,238 | 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 | +0.082% | $49K | $24K | 20x | as long as short |
| QFEX BB-USDlong | +0.0014% | 1h | 8.5700 | long leg | $1.1M | $283K | 10x | |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | 0.000% | — | $1K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0161% | 8h | 8.5830 | +0.152% | $211K | $493K | 20x | as long as short |
| MEXC BBSTOCK_USDT | +0.0230% | 8h | 8.5700 | 0.000% | $311K | $106K | 50x | as long as short |
| Ondo Perps BB-USD.P | +0.0845% | 1h | 8.5752 | +0.061% | $460K | $443K | 10x | as long as short |
| Lighter BBshort | +0.1616% | 1h | 8.6003 | +0.354% | $188K | $141K | 10x | |
| tradeXYZ xyz:BB | +0.1657% | 1h | 8.5801 | +0.118% | $10.6M | $3.2M | 10x | as long as short |
| Extended BB-USD | +0.1696% | 1h | 8.5800 | +0.117% | $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