EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%

Price spread now: Extended against Lighter−0.085%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.085%, 7d avg −0.111%

Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.026% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1486	0	get 0.0000% / 1h	47m 14s	$2.1M	$412K	50x
Short	Extended EUR-USD	1.1476	0.0032	get 0.0004% / 1h	47m 14s	$6.7M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee LighterbpFee ExtendedbpOrdersPrice spread, now −0.085%Rate

Funding earned: $6.72
Price spread: −0.085% → −0.111%: $2.58
Slippage, 4 orders: −$12.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.31
Costs to cover: 0.176%
Break-even: 15.7 days

Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 2 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 live order book, 4 min ago	1.44 bp	4.4 bp −$4	12.3 bp −$123	67.7 bp −$6,774	doesn't fit
Sell Extended live order book, 2 min ago	0.65 bp	5.3 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit

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
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.099%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0176%	1h	1.1474	−0.101%	$165K	$8.3M	30x	as long as short
MEXC EUR_USDT	−0.0156%	4h	1.1479	−0.059%	$6.8M	$132K	100x	as long as short
Lighter EURUSDlong	0.0000%	1h	1.1486	long leg	$2.1M	$412K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1481	−0.046%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	−0.059%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.068%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1476	−0.085%	$198K	$98K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	−0.033%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	−0.016%	$12K	$263K	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	+0.0022%	1h	1.1479	−0.058%	$467K	$153K	40x	as long as short
Extended EUR-USDshort	+0.0032%	1h	1.1476	−0.085%	$6.7M	$1.2M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.169%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1508	+0.190%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	−0.050%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	−0.031%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0152%	1h	1.1483	−0.024%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0199%	1h	1.1484	−0.016%	$23.3M	$1.8M	50x	as long as short