Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: QFEX against Lighter RH−0.007%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.007%, 7d avg +0.043%
=Together, before fees+0.173%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.050% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 274.83 | 0.0032 | pay 0.0004% / 1h | 53m 20s | $251K | $299K | 10x |
| Short | QFEX BE-USD | 274.81 | 0.0037 | get 0.0005% / 1h | 53m 20s | $1.3M | $3.8M | 10x |
Lighter RH BE
QFEX BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $1.04
- Price spread: −0.007% → +0.043%
- −$5.01
- Slippage, 4 orders
- −$17.38
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.35
- Costs to cover
- 0.274%
- Break-even
- 217.7 days
Slippage from Lighter RH: live order book, 19 min ago; QFEX: live order book, 10 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 Lighter RH live order book, 19 min ago | 3.65 bp | 5.2 bp −$5 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 10 min ago | 2.19 bp | 8.6 bp −$9 | 11.9 bp −$119 | doesn't fit | doesn't fit |
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 | 274.63 | −0.074% | $346K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.60 | −0.084% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.76 | −0.025% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.30 | +0.171% | $1K | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.05 | +0.080% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.66 | −0.062% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 274.83 | long leg | $251K | $299K | 10x | |
| QFEX BE-USDshort | +0.0037% | 1h | 274.81 | −0.007% | $1.3M | $3.8M | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 274.47 | −0.131% | $115K | $116K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.75 | −0.029% | — | — | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Arcus BE-USD
Vest BE-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BEUSDT | +0.0094% | 8h | 274.88 | +0.018% | $8.5M | $36.6M | 25x | as long as short |
| Extended BE-USD | +0.0096% | 1h | 274.76 | −0.026% | $46K | $266K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.75 | −0.029% | $371K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.31 | −0.189% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0111% | 8h | 274.71 | −0.044% | $2.0M | $1.2M | 25x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0128% | 1h | 273.32 | −0.549% | $467K | $112K | 10x | as long as short |
| BloFin BE-USDT | +0.0211% | 8h | 274.86 | +0.011% | $45K | $142K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0255% | 8h | 274.85 | +0.007% | $2.6M | $6.8M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0333% | 1h | 274.69 | −0.051% | $7K | $4K | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0488% | 8h | 274.84 | +0.003% | $6K | $182K | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0719% | 1h | 274.64 | −0.069% | $5.9M | $2.9M | 10x | as long as short |
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
Bybit BEUSDT
Coinbase International BE-PERP-INTX
BloFin BE-USDT
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL
GRVT BE_USDT_Perp
tradeXYZ xyz:BE