Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.027%
Price spread now: Lighter against Binance+0.601%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+0.023%+$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 0.601% dearer against Binance than usual: you sell high and buy low: +$60 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 | Binance TENCENTUSDT | 57.530 | 0 | get 0.0000% / 4h | 2h 17m | $2.9M | $5.1M | 25x |
| Short | Lighter TENCENT | 57.876 | 0.0032 | get 0.0004% / 1h | 17m 46s | $62K | $9K | 10x |
Binance TENCENTUSDT
Lighter TENCENTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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: +0.601% → 0.000%
- $60.14
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $56.86
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago | 0.87 bp | 11.1 bp −$11 | 58.7 bp −$587 | doesn't fit | 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.
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 57.582 | +0.091% | $44K | $12K | 20x | as long as short |
| Binance TENCENTUSDTlong | 0.0000% | 4h | 57.530 | long leg | $2.9M | $5.1M | 25x | |
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.520 | −0.017% | $251K | $156K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.520 | −0.017% | $1.6M | $674K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.480 | −0.087% | $1.2M | $1.5M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.580 | +0.087% | $10K | $46K | 10x | as long as short |
| Lighter TENCENTshort | +0.0032% | 1h | 57.876 | +0.601% | $62K | $9K | 10x | |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 57.450 | −0.139% | $121K | $781K | 20x | as long as short |
| edgeX TENCENTUSDC | +0.0981% | 4h | 57.493 | −0.065% | $118K | $215K | 10x | as long as short |
Aster TENCENTUSDT
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC