Funding you earn now, next payment 06:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h +0.020%
Price spread now: Hibachi against Lighter−0.097%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.097%, 7d avg −0.067%
=Together, before fees+0.367%+ Points / potential airdropLighter: Season 3 · Hibachi: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hibachi is 0.031% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.067%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.343%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EURUSD | 1.1487 | 0 | get 0.0000% / 1h | 44m 58s | $2.1M | $412K | 50x |
| Short | Hibachi EUR/USDT-P | 1.1476 | −0.0224 | pay 0.0028% / 1h | 44m 58s | $163K | $8.3M | 30x |
Lighter EURUSD
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Lighter. 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
- −$47.04
- Price spread: −0.097% → −0.067%
- −$3.09
- Slippage, 4 orders
- −$7.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$66.81
- Costs to cover
- 0.167%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Hibachi: live order book, 4 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, 7 min ago | 1.44 bp | 4.3 bp −$4 | 11.7 bp −$117 | 64.6 bp −$6,455 | doesn't fit |
| Sell Hibachi live order book, 4 min ago | 0.04 bp | 4.5 bp −$5 | 12.6 bp −$126 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0336% | 4h | 1.1480 | −0.063% | $6.8M | $133K | 100x | as long as short |
| Hibachi EUR/USDT-Pshort | −0.0224% | 1h | 1.1476 | −0.097% | $163K | $8.3M | 30x | |
| Kraken Futures PF_EURUSD | −0.0132% | 1h | 1.1475 | −0.107% | $3K | — | 50x | as long as short |
| Lighter EURUSDlong | 0.0000% | 1h | 1.1487 | long leg | $2.1M | $412K | 50x | |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1482 | −0.046% | $585K | $223K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1481 | −0.054% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1479 | −0.071% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1477 | −0.089% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1483 | −0.037% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1482 | −0.045% | $13K | $263K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0011% | 1h | 1.1480 | −0.063% | $467K | $153K | 40x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1477 | −0.089% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.181% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1509 | +0.189% | — | $265K | 100x | as long as short |
| Hotstuff EURUSD-PERP | +0.0088% | 1h | 1.1483 | −0.037% | $33K | — | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1477 | −0.085% | $191K | $63K | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0103% | 1h | 1.1483 | −0.037% | $23.3M | $1.6M | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1484 | −0.025% | $12K | — | 10x | as long as short |
Nado EURUSD-PERP
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Hotstuff EURUSD-PERP
Pacifica EURUSD
tradeXYZ xyz:EUR
Aevo EURUSD-PERP