Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h —
Price spread now: tradeXYZ against Lighter+0.055%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 · tradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.055% dearer against Lighter than usual: you sell high and buy low: +$6 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 | 270.89 | 0.0032 | pay 0.0004% / 1h | 53m 57s | — | — | 10x |
| Short | tradeXYZ xyz:BE | 271.04 | 0.0113 | get 0.0014% / 1h | 53m 57s | $5.9M | $2.8M | 10x |
Lighter BE
tradeXYZ xyz:BEFunding 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
- $17.06
- Price spread: +0.055% → 0.000%
- $5.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $4.6
- Costs to cover
- 0.180%
- Break-even
- 5.1 days
Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 4 min ago. 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 tradeXYZ live order book, 4 min ago | 1.11 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0344% | 8h | 271.10 | +0.078% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | −0.0098% | 8h | 271.15 | +0.096% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.67 | +0.290% | $343K | $128K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 270.90 | +0.005% | $46K | $382K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 270.98 | +0.033% | $8.2M | $37.3M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 270.95 | +0.022% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.44 | +0.203% | $7K | $156K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.27 | +0.140% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.33 | +0.162% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0017% | 1h | 271.25 | +0.133% | $1.3M | $2.3M | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BElong | +0.0032% | 1h | 270.89 | long leg | — | — | 10x | |
| Lighter RH BE | +0.0032% | 1h | 271.08 | +0.070% | $241K | $305K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0032% | 1h | 270.59 | −0.111% | $473K | $114K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.08 | +0.070% | $113K | $108K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.04 | +0.055% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0046% | 8h | 271.12 | +0.085% | $2.0M | $1.1M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 270.84 | −0.018% | $366K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.15 | +0.095% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0113% | 1h | 271.04 | +0.055% | $5.9M | $2.8M | 10x | |
| BloFin BE-USDT | +0.0120% | 8h | 271.06 | +0.063% | $45K | $146K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0709% | 1h | 271.26 | +0.137% | $6K | $4K | 10x | as long as short |
Lighter RH BE
Coinbase International BE-PERP-INTX
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL