Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter+0.592%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+0.310%+$31 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
The price spread pays, funding is against you. Gate is 0.592% dearer against Lighter than usual: you sell high and buy low (spread +0.592% now, against zero (this spread has no 7-day history yet)): +$59 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 months. Mind the row above: over the last 7 days funding on this pair paid +0.310%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SMIC | 8.3506 | 0.0032 | pay 0.0004% / 1h | 50m 46s | $33K | $5K | 10x |
| Short | Gate SMIC_USDT | 8.4000 | 0 | get 0.0000% / 8h | 2h 50m | $174K | $26K | 20x |
Lighter SMIC
Gate SMIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.592% → 0.000%
- $59.16
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $37.44
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Gate: live order book, 55 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 Gate live order book, 55 min ago | 75.12 bp | 439.9 bp −$440 | doesn't fit | 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.
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 | 8.3600 | +0.113% | $136K | $45K | 20x | as long as short |
| Gate SMIC_USDTshort | 0.0000% | 8h | 8.4000 | +0.592% | $174K | $26K | 20x | |
| Bitget SMICUSDT | 0.0000% | 8h | 8.3210 | −0.354% | $400K | $151K | 5x | as long as short |
| HTX SMIC-USDT | 0.0000% | 8h | 8.3510 | +0.005% | $12K | $342K | 20x | as long as short |
| Lighter SMIClong | +0.0032% | 1h | 8.3506 | long leg | $33K | $5K | 10x |
Bybit SMICUSDT
Bitget SMICUSDT
HTX SMIC-USDT