Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.035%
Price spread now: Binance against Lighter+0.083%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Binance is 0.083% dearer against Lighter than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.059%, 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 IBM | 231.96 | 0.0032 | pay 0.0004% / 1h | 51m 42s | $38K | $43K | 10x |
| Short | Binance IBMUSDT | 232.15 | 0 | get 0.0000% / 8h | 2h 51m | $3.8M | $5.4M | 20x |
Lighter IBM
Binance IBMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.72
- Price spread: +0.083% → 0.000%
- $8.31
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.41
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 1 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 1 min ago | 1.72 bp | 11.5 bp −$11 | 35.5 bp −$355 | 139.3 bp −$13.9K | doesn't fit |
Lighter: 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.
IBM 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0002% | 8h | 232.12 | +0.069% | $47K | $52K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.12 | +0.068% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.08 | +0.050% | $53K | $234K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 232.15 | +0.083% | $3.8M | $5.4M | 20x | |
| Bybit IBMUSDT | 0.0000% | 8h | 232.02 | +0.026% | $984K | $337K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.09 | +0.056% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.14 | +0.078% | $808K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.96 | 0.000% | $787K | $322K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.13 | +0.073% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.09 | +0.054% | $777 | $161K | 10x | as long as short |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 231.94 | −0.009% | $976 | $476K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.36 | +0.172% | $6K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0030% | 1h | 232.06 | +0.043% | $1.2M | $2.2M | 10x | as long as short |
| Lighter IBMlong | +0.0032% | 1h | 231.96 | long leg | $38K | $43K | 10x | |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.326% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.94 | −0.009% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.90 | −0.026% | $1.8M | $799K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.02 | +0.026% | $195K | $35K | 20x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM