Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.017%
Price spread now: tradeXYZ against Lighter RH−0.007%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.007%, 7d avg +0.018%
=Together, before fees+0.050%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 4.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 273.16 | 0.0032 | pay 0.0004% / 1h | 14m 28s | $249K | $290K | 10x |
| Short | tradeXYZ xyz:BE | 273.14 | 0.0050 | get 0.0006% / 1h | 14m 28s | $5.9M | $2.7M | 10x |
Lighter RH BE
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.007% → +0.018%
- −$2.52
- Slippage, 4 orders
- −$23.99
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.73
- Costs to cover
- 0.420%
- Break-even
- 82.4 days
Slippage from Lighter RH: live order book, 38 min ago; tradeXYZ: live order book, 3 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, 38 min ago | 5.83 bp | 5.9 bp −$6 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.73 bp | 14.8 bp −$15 | 24.8 bp −$248 | 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 | 273.12 | −0.015% | $344K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 273.24 | +0.030% | $47K | $262K | 10x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.00 | −0.059% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.28 | +0.044% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 273.20 | +0.014% | $7K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.21 | +0.018% | $981 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.40 | +0.088% | $13K | $35K | 20x | as long as short |
| Binance BEUSDT | +0.0001% | 8h | 273.36 | +0.073% | $8.4M | $36.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0003% | 8h | 273.52 | +0.132% | $45K | $143K | 20x | as long as short |
| Bybit BEUSDT | +0.0011% | 8h | 273.35 | +0.070% | $2.0M | $1.1M | 25x | as long as short |
Aster BEUSDT
Extended BE-USD
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Binance BEUSDT
BloFin BE-USDT
Bybit BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 273.00 | −0.059% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 273.16 | long leg | $249K | $290K | 10x | |
| QFEX BE-USD | +0.0036% | 1h | 273.23 | +0.026% | $1.3M | $2.6M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.17 | +0.004% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.24 | +0.029% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 273.14 | −0.007% | $5.9M | $2.7M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.04 | −0.044% | $476K | $136K | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0084% | 8h | 273.10 | −0.022% | $2.6M | $6.9M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.19 | +0.011% | $369K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.43 | +0.100% | — | — | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0262% | 1h | 273.64 | +0.176% | $7K | $4K | 10x | as long as short |
Lighter BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
OKX BE-USDT-SWAP
KuCoin BEUSDTM
Aevo BE-PERP
Deribit BE_USDC-PERPETUAL