Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget+0.538%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.538% dearer against Bitget than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMICUSDT | 8.4810 | 0 | get 0.0000% / 8h | 6h 19m | $432K | $177K | 5x |
| Short | Lighter SMIC | 8.5266 | 0.0032 | get 0.0004% / 1h | 19m 58s | $33K | $50K | 10x |
Bitget SMICUSDT
Lighter SMICFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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: +0.538% → 0.000%
- $53.77
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $48.49
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 41 min ago; Lighter: no order-book sample. 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 Bitget live order book, 41 min ago | 9.47 bp | 27.6 bp −$28 | 30.6 bp −$306 | 92.0 bp −$9,197 | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
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.
SMIC on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SMICUSDT | 0.0000% | 8h | 8.5500 | +0.814% | $136K | $66K | 20x | as long as short |
| Bitget SMICUSDTlong | 0.0000% | 8h | 8.4810 | long leg | $432K | $177K | 5x | |
| HTX SMIC-USDT | 0.0000% | 8h | 8.5300 | +0.578% | $13K | $340K | 20x | as long as short |
| Lighter SMICshort | +0.0032% | 1h | 8.5266 | +0.538% | $33K | $50K | 10x | |
| Gate SMIC_USDT | +0.2570% | 8h | 8.6240 | +1.686% | $178K | $28K | 20x | as long as short |
Bybit SMICUSDT
HTX SMIC-USDT
Gate SMIC_USDT