Funding you earn now, next payment 07:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Markets by Kinetiq against Lighter−0.238%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.099%+$10 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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Markets by Kinetiq is 0.238% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, 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 IWM | 286.09 | 0.0032 | pay 0.0004% / 1h | 37m 43s | $75K | $19K | 10x |
| Short | Markets by Kinetiq mkts:SMALL2000 | 285.41 | 0.0010 | get 0.0001% / 1h | 37m 43s | $566K | $363K | 20x |
Lighter IWM
Markets by Kinetiq mkts:SMALL2000Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- −$4.53
- Price spread: −0.238% → 0.000%
- −$23.77
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$29.92
- Costs to cover
- 0.016%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Markets by Kinetiq: live order book, 28 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 Markets by Kinetiq live order book, 28 min ago | 0.88 bp | 4.0 bp −$4 | 63.8 bp −$638 | doesn't fit | 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.
IWM on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IWMUSDT | 0.0000% | 8h | 285.58 | −0.178% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.49 | −0.210% | $557K | $60K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.32 | −0.269% | $426K | $156K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.64 | −0.157% | $608K | $160K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.76 | −0.115% | $442K | $15K | 20x | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.71 | −0.133% | $1K | $455K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 286.31 | +0.077% | $696 | $37K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.70 | −0.136% | $765K | $80K | 10x | as long as short |
| Markets by Kinetiq mkts:SMALL2000short | +0.0010% | 1h | 285.41 | −0.238% | $566K | $363K | 20x | |
| Variational Omni IWM | +0.0017% | 8h | 285.91 | −0.063% | $160K | $207K | — | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDT
Variational Omni IWMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter IWMlong | +0.0032% | 1h | 286.09 | long leg | $75K | $19K | 10x | |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.42 | −0.234% | — | — | 25x | as long as short |
| Binance IWMUSDT | +0.0082% | 8h | 285.61 | −0.168% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0082% | 8h | 285.65 | −0.154% | $885K | $82K | 50x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.73 | −0.126% | $138K | $847K | 20x | as long as short |
| BloFin IWM-USDT | +0.0108% | 8h | 285.94 | −0.052% | $65K | $33K | 20x | as long as short |
| GRVT IWM_USDT_Perp | +0.0655% | 8h | 285.88 | −0.073% | $286 | $105K | 10x | as long as short |
Vest IWM-USD-PERP
Binance IWMUSDT
MEXC IWM_USDT
KuCoin IWMUSDTM
BloFin IWM-USDT
GRVT IWM_USDT_Perp