Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bitget against Lighter−0.384%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.015%+$1 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.384% cheaper against Lighter than usual: you would sell low and buy high (−$38 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 SMIC | 8.2236 | 0.0032 | pay 0.0004% / 1h | 44m 36s | $32K | $419 | 10x |
| Short | Bitget SMICUSDT | 8.1920 | 0 | get 0.0000% / 8h | 7h 44m | $385K | $144K | 5x |
Lighter SMIC
Bitget SMICUSDTFunding 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: −0.384% → 0.000%
- −$38.43
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$57.15
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 46 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 Bitget live order book, 46 min ago | 13.40 bp | 36.1 bp −$36 | 37.9 bp −$379 | 177.6 bp −$17.8K | 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.
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 | 8.2600 | +0.443% | $136K | $45K | 20x | as long as short |
| Gate SMIC_USDT | 0.0000% | 8h | 8.3020 | +0.953% | $172K | $26K | 20x | as long as short |
| Bitget SMICUSDTshort | 0.0000% | 8h | 8.1920 | −0.384% | $385K | $144K | 5x | |
| HTX SMIC-USDT | 0.0000% | 8h | 8.2170 | −0.080% | $12K | $341K | 20x | as long as short |
| Lighter SMIClong | +0.0032% | 1h | 8.2236 | long leg | $32K | $419 | 10x |
Bybit SMICUSDT
Gate SMIC_USDT
HTX SMIC-USDT