EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.022%

Price spread now: Lighter against Hotstuff+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.035% dearer against Hotstuff than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EURUSD-PERP	1.1482	0.0136	pay 0.0017% / 1h	25m 10s	$33K	—	50x
Short	Lighter EURUSD	1.1486	0	get 0.0000% / 1h	25m 10s	$2.1M	$415K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hotstuff. 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

Position, each leg$Hold fordaysFee HotstuffbpFee LighterbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$28.56
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.08
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 2 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	1.39 bp	3.4 bp −$3	7.6 bp −$76	43.0 bp −$4,305	doesn't fit

Hotstuff: 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.

EUR on 18 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
Hibachi EUR/USDT-P	−0.0240%	1h	1.1472	−0.084%	$168K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.069%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0122%	4h	1.1479	−0.026%	$6.8M	$134K	100x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1486	+0.035%	$2.1M	$415K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1481	−0.013%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	−0.017%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.035%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1476	−0.052%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	0.000%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1483	+0.009%	$12K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0011%	1h	1.1479	−0.025%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1476	−0.054%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.136%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1508	+0.225%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1476	−0.049%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	+0.007%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERPlong	+0.0136%	1h	1.1482	long leg	$33K	—	50x
tradeXYZ xyz:EUR	+0.0180%	1h	1.1481	−0.009%	$23.3M	$1.6M	50x	as long as short