Funding you earn now, next payment 22:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.026%
Price spread now: QFEX against Lighter−0.054%7-day average −0.011% · 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−$104as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.054%, 7d avg −0.011%
=Together, before fees+0.140%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.044% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 958.01 | 0.0032 | pay 0.0004% / 1h | 11m 48s | $27K | $103K | 10x |
| Short | QFEX LITE-USD | 957.49 | 0.0018 | get 0.0002% / 1h | 11m 48s | $1.1M | $5.2M | 10x |
Lighter LITE
QFEX LITE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$2.86
- Price spread: −0.054% → −0.011%
- −$4.37
- Slippage, 4 orders
- −$89.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$106.83
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; QFEX: live order book, 12 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, 1 min ago | 43.44 bp | 43.4 bp −$43 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 12 min ago | 1.36 bp | 6.4 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
LITE on 27 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 LITE-USDT | −0.0028% | 8h | 957.75 | −0.027% | $223K | $236K | 20x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 957.10 | −0.095% | $107K | $17K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 957.77 | −0.025% | $9K | $209K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 957.88 | −0.014% | $13.8M | $45.3M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 957.67 | −0.035% | $1.9M | $1.8M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 957.79 | −0.023% | $3.8M | $17.9M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 958.17 | +0.017% | $8.0M | $6.3M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 957.65 | −0.038% | $2.7M | $3.0M | 20x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 957.60 | −0.043% | $241K | $143K | — | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 957.62 | −0.041% | $670 | $253K | 10x | as long as short |
BloFin LITE-USDT
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
Variational Omni LITE
GRVT LITE_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX LITE-USDT | 0.0000% | 8h | 957.80 | −0.022% | $949 | $4.2M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 958.58 | +0.059% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 958.66 | +0.068% | $1.5M | $689K | 10x | as long as short |
| QFEX LITE-USDshort | +0.0018% | 1h | 957.49 | −0.054% | $1.1M | $5.2M | 10x | |
| Lighter LITElong | +0.0032% | 1h | 958.01 | long leg | $27K | $103K | 10x | |
| Vest LITE-USD-PERP | +0.0046% | 1h | 956.61 | −0.146% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 957.67 | −0.035% | $29K | $489K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 957.79 | −0.023% | $23K | $10K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 957.54 | −0.049% | $174K | $158K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 957.28 | −0.076% | $516K | $38K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 958.14 | +0.014% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 957.91 | −0.010% | $931 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 957.77 | −0.025% | — | — | 10x | as long as short |
| Coinbase International LITE-PERP-INTX | +0.0120% | 1h | 956.59 | −0.148% | $118K | $337K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0301% | 1h | 958.23 | +0.023% | $7.2M | $5.1M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0366% | 1h | 957.78 | −0.024% | $19K | $36K | 10x | as long as short |
| edgeX LITEUSDC | +0.0606% | 4h | 957.85 | −0.017% | $68K | $460K | 10x | as long as short |
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDT
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
Coinbase International LITE-PERP-INTX
tradeXYZ xyz:LITE
Deribit LITE_USDC-PERPETUAL
edgeX LITEUSDC