Funding you earn now, next payment 07:00 UTC−0.0157%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.012%
Price spread now: Nado against Lighter−0.107%107s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$110.107% of the position
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.107%, 7d avg −0.083%
=Together, before fees+0.039%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.083%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EURUSD | 1.1479 | 0.0264 | pay 0.0033% / 1h | 40m 43s | $2.2M | $408K | 50x |
| Short | Nado EURUSD-PERP | 1.1466 | 0.0107 | get 0.0013% / 1h | 40m 43s | $467K | $154K | 40x |
Lighter EURUSD
Nado EURUSD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$32.89
- Price spread: −0.107% → −0.083%
- −$2.41
- Slippage, 4 orders
- −$9.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Net
- −$45.97
- Costs to cover
- 0.107%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Nado: 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, 6 min ago | 0.04 bp | 0.1 bp $0 | 6.3 bp −$63 | 65.3 bp −$6,534 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.92 bp | 1.7 bp −$2 | 2.3 bp −$23 | 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 | −0.0228% | 1h | 1.1466 | −0.111% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0198% | 4h | 1.1469 | −0.084% | $6.8M | $134K | 100x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1486 | +0.064% | $579K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1478 | −0.005% | $144K | $6K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1476 | −0.023% | $261K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1463 | −0.136% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1474 | −0.040% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1474 | −0.040% | $12K | $266K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1462 | −0.142% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.106% | $9K | $78K | 101x | as long as short |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1495 | +0.143% | — | $241K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1469 | −0.084% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | −0.022% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERPshort | +0.0107% | 1h | 1.1466 | −0.107% | $467K | $154K | 40x | |
| tradeXYZ xyz:EUR | +0.0236% | 1h | 1.1474 | −0.040% | $23.2M | $1.6M | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0248% | 1h | 1.1466 | −0.106% | $183K | $8.3M | 30x | as long as short |
| Hotstuff EURUSD-PERP | +0.0256% | 1h | 1.1473 | −0.049% | $33K | — | 50x | as long as short |
| Lighter EURUSDlong | +0.0264% | 1h | 1.1479 | long leg | $2.2M | $408K | 50x |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
tradeXYZ xyz:EUR
Hibachi EUR/USDT-P
Hotstuff EURUSD-PERP