Funding you earn now, next payment 10:00 UTC−0.0918%/8h= −100.5% APRnext payment −$1.15 per $10,000 · paid last 24h −0.151%
Price spread now: Lighter against tradeXYZ+0.217%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$385as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2792.788% of the position
Funding, last 7 days−1.061%−$106 on $10k
+Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.217%, 7d avg +0.096%
=Together, before fees−1.431%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$143 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.121% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of +0.096%): +$12 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SHEIN | 4.8451 | 0.0950 | pay 0.0119% / 1h | 5m 17s | $734K | $262K | 10x |
| Short | Lighter SHEIN | 4.8556 | 0.0032 | get 0.0004% / 1h | 5m 17s | $65K | $1.0M | 5x |
tradeXYZ xyz:SHEIN
Lighter SHEINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$192.77
- Price spread: +0.217% → +0.096%
- $12.08
- Slippage, 4 orders
- −$260.8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$459.49
- Costs to cover
- 2.788%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 38 min ago; Lighter: live order book, 3 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 tradeXYZ live order book, 38 min ago | 7.92 bp | 70.4 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 28.87 bp | 44.2 bp −$44 | 332.0 bp −$3,320 | 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 | 4.8700 | +0.514% | $394K | $106K | 25x | as long as short |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8510 | +0.122% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDT | 0.0000% | 8h | 4.8620 | +0.349% | $247K | $276K | 20x | as long as short |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8620 | +0.349% | $7K | $384K | 20x | as long as short |
| Lighter SHEINshort | +0.0032% | 1h | 4.8556 | +0.217% | $65K | $1.0M | 5x | |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8536 | +0.175% | $32K | $67K | 5x | as long as short |
| OKX SHEIN-USDT-SWAP | +0.0177% | 8h | 4.8540 | +0.184% | $143K | $232K | 20x | as long as short |
| tradeXYZ xyz:SHEINlong | +0.0950% | 1h | 4.8451 | long leg | $734K | $262K | 10x |
Bybit SHEINUSDT
Gate SHEIN_USDT
Bitget SHEINUSDT
HTX SHEIN-USDT
Lighter RH SHEIN
OKX SHEIN-USDT-SWAP