EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%

Price spread now: Pacifica against Lighter−0.059%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.059%, 7d avg −0.092%

Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.032% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1485	0.0016	pay 0.0002% / 1h	21m 06s	$2.1M	$435K	50x
Short	Pacifica EURUSD	1.1478	0.0100	get 0.0013% / 1h	21m 06s	$190K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.059%Rate

Funding earned: $17.64
Price spread: −0.059% → −0.092%: $3.25
Slippage, 4 orders: −$26.25
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.37
Costs to cover: 0.343%
Break-even: 12.3 days

Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 37 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	1.52 bp	3.7 bp −$4	11.4 bp −$114	66.4 bp −$6,638	doesn't fit
Sell Pacifica live order book, 37 min ago	2.62 bp	14.0 bp −$14	doesn't fit	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	−0.0130%	4h	1.1478	−0.059%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0064%	1h	1.1472	−0.115%	$169K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1473	−0.103%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0008%	1h	1.1478	−0.059%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	−0.032%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.059%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1477	−0.068%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.085%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1480	−0.042%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	−0.007%	$13K	$262K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EURUSDlong	+0.0016%	1h	1.1485	long leg	$2.1M	$435K	50x
Extended EUR-USD	+0.0032%	1h	1.1475	−0.086%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.160%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.191%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0048%	1h	1.1480	−0.042%	$33K	—	50x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1478	−0.059%	$190K	$61K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	−0.030%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0122%	1h	1.1480	−0.042%	$23.3M	$1.8M	50x	as long as short