Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.103%
Price spread now: Deribit against Lighter RH−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.076% cheaper against Lighter RH than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 274.63 | 0.0032 | pay 0.0004% / 1h | 47m 38s | $249K | $294K | 10x |
| Short | Deribit BE_USDC-PERPETUAL | 274.42 | 0 | get 0.0000% / 1h | 47m 38s | $7K | $4K | 10x |
Lighter RH BE
Deribit BE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter RH. 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
- −$6.72
- Price spread: −0.076% → 0.000%
- −$7.65
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$21.37
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 57 min ago; 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 RH live order book, 57 min ago | 6.00 bp | 7.0 bp −$7 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTX | −0.0024% | 1h | 274.05 | −0.211% | $469K | $132K | 10x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 274.47 | −0.058% | $350K | $141K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.46 | −0.062% | $2.0M | $1.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 274.90 | +0.098% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.40 | −0.084% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.64 | +0.004% | $1.6M | $3.1M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.34 | −0.106% | $1K | $2.0M | 10x | as long as short |
| Deribit BE_USDC-PERPETUALshort | 0.0000% | 1h | 274.42 | −0.076% | $7K | $4K | 10x | |
| HTX BE-USDT | 0.0000% | 8h | 274.94 | +0.113% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0025% | 1h | 274.67 | +0.015% | $1.3M | $2.3M | 10x | as long as short |
Coinbase International BE-PERP-INTX
Aster BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 274.47 | −0.058% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 274.63 | long leg | $249K | $294K | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 274.41 | −0.080% | $115K | $96K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.26 | −0.135% | — | — | 10x | as long as short |
| Binance BEUSDT | +0.0087% | 8h | 274.72 | +0.032% | $8.2M | $39.5M | 25x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 274.53 | −0.035% | $50K | $386K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.38 | −0.091% | $355K | $260K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.23 | −0.145% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0212% | 8h | 274.09 | −0.197% | $46K | $165K | 20x | as long as short |
| tradeXYZ xyz:BE | +0.0284% | 1h | 274.60 | −0.011% | $5.9M | $2.9M | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0456% | 8h | 274.21 | −0.153% | $7K | $136K | 10x | as long as short |
Lighter BE
Arcus BE-USD
Vest BE-USD-PERP
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
tradeXYZ xyz:BE
GRVT BE_USDT_Perp