Funding you earn now, next payment 07:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h —
Price spread now: Lighter against tradeXYZ+0.026%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 airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.026% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 271.55 | 0.0071 | pay 0.0009% / 1h | 52m 49s | $5.9M | $2.8M | 10x |
| Short | Lighter BE | 271.62 | 0.0032 | get 0.0004% / 1h | 52m 49s | — | — | 10x |
tradeXYZ xyz:BE
Lighter BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$8.11
- Price spread: +0.026% → 0.000%
- $2.58
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.53
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 4 min ago; Lighter: 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 tradeXYZ live order book, 4 min ago | 0.74 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BEUSDT | −0.0040% | 8h | 271.72 | +0.063% | $1.6M | $2.6M | 20x | as long as short |
| Gate BE_USDT | −0.0033% | 8h | 271.70 | +0.055% | $1.4M | $3.3M | 50x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 272.06 | +0.188% | $341K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.61 | +0.021% | $46K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.61 | +0.022% | $8.2M | $37.1M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.91 | +0.133% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.82 | +0.100% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.86 | +0.114% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.92 | +0.136% | $13K | $35K | 20x | as long as short |
| Lighter BEshort | +0.0032% | 1h | 271.62 | +0.026% | — | — | 10x |
Bitget BEUSDT
Gate BE_USDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 271.66 | +0.041% | $242K | $297K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.70 | +0.055% | $1.3M | $2.4M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.66 | +0.041% | $113K | $109K | 10x | as long as short |
| Bybit BEUSDT | +0.0043% | 8h | 271.77 | +0.081% | $2.0M | $1.1M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0044% | 1h | 271.77 | +0.081% | $6K | $4K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.48 | −0.026% | — | — | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.354% | $473K | $130K | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0071% | 1h | 271.55 | long leg | $5.9M | $2.8M | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.57 | +0.007% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.77 | +0.081% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.71 | +0.059% | $45K | $146K | 20x | as long as short |
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Bybit BEUSDT
Deribit BE_USDC-PERPETUAL
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT