Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bitget against Lighter+0.124%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2352.348% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.124%, 7d avg +0.098%
=Together, before fees−0.090%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.026% dearer against Lighter than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.098%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SHEIN | 4.8560 | 0.0032 | pay 0.0004% / 1h | 26m 22s | $65K | $1.0M | 5x |
| Short | Bitget SHEINUSDT | 4.8620 | 0 | get 0.0000% / 8h | 5h 26m | $248K | $276K | 20x |
Lighter SHEIN
Bitget SHEINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.124% → +0.098%
- $2.58
- Slippage, 4 orders
- −$222.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$238.92
- Costs to cover
- 2.348%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Bitget: 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, 2 min ago | 21.33 bp | 74.5 bp −$75 | 389.8 bp −$3,898 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 12 min ago | 8.23 bp | 84.1 bp −$84 | 160.5 bp −$1,605 | doesn't fit | doesn't fit |
SHEIN on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHEINUSDT | 0.0000% | 8h | 4.8600 | +0.082% | $394K | $106K | 25x | as long as short |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8520 | −0.082% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDTshort | 0.0000% | 8h | 4.8620 | +0.124% | $248K | $276K | 20x | |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8626 | +0.136% | $7K | $382K | 20x | as long as short |
| Lighter SHEINlong | +0.0032% | 1h | 4.8560 | long leg | $65K | $1.0M | 5x | |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8580 | +0.041% | $32K | $60K | 5x | as long as short |
| OKX SHEIN-USDT-SWAP | +0.0309% | 8h | 4.8610 | +0.103% | $141K | $236K | 10x | as long as short |
| tradeXYZ xyz:SHEIN | +0.1279% | 1h | 4.8519 | −0.084% | $735K | $263K | 10x | as long as short |
Bybit SHEINUSDT
Gate SHEIN_USDT
HTX SHEIN-USDT
Lighter RH SHEIN
OKX SHEIN-USDT-SWAP
tradeXYZ xyz:SHEIN