Settings8H · net · $10k
Funding arb · Price arb /

BOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0771%/8h= −84.4% APRpaid last 24h −0.300%
Price spread now: Binance against Lighter−0.593%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.199%+$20 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Binance is 0.593% cheaper against Lighter than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.199%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BOT29.6270.0032pay 0.0004% / 1h57m 36s$68K$1K3x
ShortBinance BOTUSDT29.451−0.0739pay 0.0739% / 8h3h 57m$449K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$161.83
Price spread: −0.593% → 0.000%
−$59.32
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$231.15
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Binance live order book, 5 min ago3.40 bp42.3 bp −$42300.1 bp −$3,001doesn't fitdoesn'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.

BOT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:BOT−0.1443%1h29.438−0.638%$3.1M$775K10xas long as short
KuCoin BOTUSDTM−0.1073%8h29.460−0.564%$95K$283K20xas long as short
OKX BOT-USDT-SWAP−0.0843%8h29.480−0.496%$235K$218K20xas long as short
Binance BOTUSDTshort−0.0739%8h29.451−0.593%$449K$1.2M10x
Variational Omni BOT−0.0679%8h29.445−0.615%$31K$19Kas long as short
QFEX BOT-USD−0.0080%1h29.470−0.530%$1.2M$518K10xas long as short
Bybit BOTUSDT0.0000%8h29.430−0.665%$510K$555K25xas long as short
Gate BOT_USDT0.0000%8h29.470−0.530%$255K$233K20xas long as short
Bitget BOTUSDT0.0000%8h29.550−0.260%$247K$119K5xas long as short
Lighter BOTlong+0.0032%1h29.627long leg$68K$1K3x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD+0.0040%1h29.410−0.732%$3K$9K5xas long as short
HTX BOT-USDT+0.0100%8h29.488−0.469%$3K$34K10xas long as short