GBP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: Lighter against Nado−0.030%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Lighter is 0.030% cheaper against Nado than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GBPUSD-PERP	1.3374	−0.0044	get 0.0006% / 1h	23m 32s	$16K	$1K	40x
Short	Lighter GBPUSD	1.3370	0	get 0.0000% / 1h	23m 32s	$181K	$985K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now −0.030%Rate

Funding earned: $9.25
Price spread: −0.030% → 0.000%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.87
Costs to cover: 0.014%
Break-even: 3.3 days

Slippage unknown: Nado: no order-book sample; Lighter: live order book, 17 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 Nado no order-book sample	—	—	—	—	—
Sell Lighter live order book, 17 min ago	0.82 bp	0.8 bp −$1	7.2 bp −$72	46.8 bp −$4,683	doesn't fit

Nado: 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.

GBP on 13 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 GBP/USDT-P	−0.0080%	1h	1.3370	−0.025%	$21K	$43K	20x	as long as short
Nado GBPUSD-PERPlong	−0.0044%	1h	1.3374	long leg	$16K	$1K	40x
Lighter GBPUSDshort	0.0000%	1h	1.3370	−0.030%	$181K	$985K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3375	+0.008%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3393	+0.144%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3373	−0.006%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3377	+0.024%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3365	−0.063%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3371	−0.021%	$5K	$334K	20x	as long as short
tradeXYZ xyz:GBP	+0.0024%	1h	1.3376	+0.017%	$247K	$351K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GBP-USD-PERP	+0.0038%	1h	1.3363	−0.082%	—	$19K	100x	as long as short
MEXC GBP_USDT	+0.0154%	4h	1.3372	−0.013%	$26.0M	$256K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3563	+1.413%	$11K	$72K	101x	as long as short