Funding you earn now, next payment 03:00 UTC+0.1216%/8h= +133.2% APRnext payment +$1.52 per $10,000 · paid last 24h −0.036%
Price spread now: Lighter against tradeXYZ+0.171%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.171%, 7d avg +0.020%
=Together, before fees−0.304%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Lighter is 0.151% dearer against tradeXYZ than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 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 | tradeXYZ xyz:BB | 8.5961 | 0.0128 | pay 0.0016% / 1h | 28m 21s | $10.7M | $3.4M | 10x |
| Short | Lighter BB | 8.6108 | 0.1344 | get 0.0168% / 1h | 28m 21s | $189K | $141K | 10x |
tradeXYZ xyz:BB
Lighter BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $255.38
- Price spread: +0.171% → +0.020%
- $15.08
- Slippage, 4 orders
- −$46.47
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $205.98
- Costs to cover
- 0.645%
- Break-even
- 1.4 days
Slippage from tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 1.63 bp | 15.7 bp −$16 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 17 min ago | 15.93 bp | 15.9 bp −$16 | 24.7 bp −$247 | 68.5 bp −$6,853 | 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 | 8.5700 | −0.304% | $49K | $23K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.304% | — | $1K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5707 | −0.295% | $464K | $435K | 10x | as long as short |
| QFEX BB-USD | +0.0080% | 1h | 8.5800 | −0.187% | $1.1M | $271K | 10x | as long as short |
| tradeXYZ xyz:BBlong | +0.0128% | 1h | 8.5961 | long leg | $10.7M | $3.4M | 10x | |
| Extended BB-USD | +0.0128% | 1h | 8.5954 | −0.008% | $9K | $21K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0184% | 8h | 8.6060 | +0.115% | $215K | $506K | 20x | as long as short |
| MEXC BBSTOCK_USDT | +0.0485% | 8h | 8.5800 | −0.187% | $312K | $107K | 50x | as long as short |
| Lighter BBshort | +0.1344% | 1h | 8.6108 | +0.171% | $189K | $141K | 10x |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
QFEX BB-USD
Extended BB-USD
OKX BB-USDT-SWAP
MEXC BBSTOCK_USDT