Funding you earn now, next payment 03:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h —
Price spread now: Deribit against Lighter+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.054% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BE | 275.25 | 0.0032 | pay 0.0004% / 1h | 31m 25s | — | — | 10x |
| Short | Deribit BE_USDC-PERPETUAL | 275.40 | 0.0186 | get 0.0023% / 1h | 31m 25s | $7K | $4K | 10x |
Lighter BE
Deribit BE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $32.32
- Price spread: +0.054% → 0.000%
- $5.45
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $30.77
- Costs to cover
- 0.070%
- Break-even
- 0.3 days
Slippage unknown: Lighter: no order-book sample; Deribit: no order-book sample. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Lighter and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 275.10 | −0.056% | $346K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 275.59 | +0.124% | $2.0M | $1.1M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 275.10 | −0.054% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.34 | +0.033% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 275.43 | +0.064% | $7K | $164K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.40 | +0.054% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.42 | +0.062% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 275.42 | +0.062% | $1.3M | $2.8M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0016% | 1h | 273.08 | −0.788% | $473K | $130K | 10x | as long as short |
| Lighter BElong | +0.0032% | 1h | 275.25 | long leg | — | — | 10x |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Coinbase International BE-PERP-INTXShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 275.31 | +0.022% | $251K | $289K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 275.13 | −0.044% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 275.37 | +0.044% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 275.25 | 0.000% | $5.9M | $2.8M | 10x | as long as short |
| Binance BEUSDT | +0.0070% | 8h | 275.43 | +0.065% | $8.4M | $36.1M | 25x | as long as short |
| Extended BE-USD | +0.0072% | 1h | 275.31 | +0.022% | $47K | $265K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 275.29 | +0.015% | $372K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 275.40 | +0.055% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0118% | 8h | 275.39 | +0.051% | $2.6M | $6.8M | 25x | as long as short |
| Deribit BE_USDC-PERPETUALshort | +0.0186% | 1h | 275.40 | +0.054% | $7K | $4K | 10x | |
| BloFin BE-USDT | +0.0192% | 8h | 275.48 | +0.084% | $45K | $141K | 20x | as long as short |
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
OKX BE-USDT-SWAP
BloFin BE-USDT