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

BOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRnext payment $0.37 per $10,000 · paid last 24h +0.207%
Price spread now: tradeXYZ against Lighter−0.557%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+0.101%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and tradeXYZ is 0.557% cheaper against Lighter than usual: you would sell low and buy high (−$56 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 +0.101%, 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 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BOT29.454−0.0632get 0.0079% / 1h15m 07s$67K$14K3x
ShorttradeXYZ xyz:BOT29.290−0.0924pay 0.0116% / 1h15m 07s$3.1M$832K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$61.36
Price spread: −0.557% → 0.000%
−$55.68
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$135.04
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago6.15 bp37.0 bp −$37doesn't fitdoesn'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
Arcus BOT-USD−0.1927%1h29.310−0.489%$3K$8K5xas long as short
KuCoin BOTUSDTM−0.1398%8h29.300−0.523%$95K$322K20xas long as short
Binance BOTUSDT−0.1137%8h29.300−0.523%$454K$1.2M10xas long as short
Variational Omni BOT−0.1050%8h29.291−0.554%$31K$19Kas long as short
tradeXYZ xyz:BOTshort−0.0924%1h29.290−0.557%$3.1M$832K10x
OKX BOT-USDT-SWAP−0.0671%8h29.290−0.557%$237K$232K20xas long as short
Lighter BOTlong−0.0632%1h29.454long leg$67K$14K3x
Bybit BOTUSDT−0.0277%8h29.310−0.489%$527K$324K25xas long as short
QFEX BOT-USD−0.0080%1h29.290−0.557%$1.1M$526K10xas long as short
Gate BOT_USDT0.0000%8h29.320−0.455%$250K$243K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BOTUSDT0.0000%8h29.310−0.489%$251K$137K5xas long as short
HTX BOT-USDT+0.0100%8h29.324−0.441%$3K$34K10xas long as short