NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%

Price spread now: QFEX against Lighter−0.109%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on QFEX

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 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 QFEX is 0.109% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOW	137.91	0.0032	pay 0.0004% / 1h	54m 04s	$5K	$173	5x
Short	QFEX NOW-USD	137.76	0	get 0.0000% / 1h	54m 04s	$1.1M	$2.1M	10x

Funding 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 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 QFEXbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$6.72
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$27.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; QFEX: live order book, 8 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 QFEX live order book, 8 min ago	2.54 bp	19.5 bp −$20	27.1 bp −$271	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.

NOW on 16 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 NOWUSDT	0.0000%	8h	137.95	+0.031%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.96	+0.036%	$1.6M	$1.3M	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.09	+0.131%	$498K	$207K	20x	as long as short
QFEX NOW-USDshort	0.0000%	1h	137.76	−0.109%	$1.1M	$2.1M	10x
Gate NOW_USDT	0.0000%	8h	137.94	+0.022%	$250K	$364K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.87	−0.029%	$765K	$230K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.99	+0.058%	$922	$432K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.69	−0.160%	$5K	$28K	20x	as long as short
BloFin NOW-USDT	+0.0005%	8h	137.98	+0.051%	$45K	$17K	20x	as long as short
Lighter NOWlong	+0.0032%	1h	137.91	long leg	$5K	$173	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.370%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.77	−0.102%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.73	−0.131%	$318K	$675K	20x	as long as short
tradeXYZ xyz:NOW	+0.0208%	1h	137.86	−0.036%	$2.1M	$201K	10x	as long as short
Bybit NOWUSDT	+0.0335%	8h	137.96	+0.036%	$1.5M	$5.7M	25x	as long as short
GRVT NOW_USDT_Perp	+0.0467%	8h	137.92	+0.007%	$370	$165K	10x	as long as short