Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.023%
Price spread now: Lighter against Gate+0.668%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+0.072%+$7 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 0.668% dearer against Gate than usual: you sell high and buy low: +$67 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 | Gate TENCENT_USDT | 58.410 | 0 | get 0.0000% / 8h | 3h 29m | $1.7M | $635K | 25x |
| Short | Lighter TENCENT | 58.800 | 0.0032 | get 0.0004% / 1h | 29m 35s | $68K | $4K | 10x |
Gate TENCENT_USDT
Lighter TENCENTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.668% → 0.000%
- $66.77
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $58.49
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 10.27 bp | 195.6 bp −$196 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 58.565 | +0.266% | $46K | $11K | 20x | as long as short |
| Binance TENCENTUSDT | 0.0000% | 4h | 58.413 | +0.005% | $2.8M | $4.5M | 25x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 58.420 | +0.017% | $245K | $254K | 25x | as long as short |
| Gate TENCENT_USDTlong | 0.0000% | 8h | 58.410 | long leg | $1.7M | $635K | 25x | |
| Bitget TENCENTUSDT | 0.0000% | 8h | 58.380 | −0.051% | $1.2M | $2.9M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.490 | +0.137% | $10K | $42K | 10x | as long as short |
| Lighter TENCENTshort | +0.0032% | 1h | 58.800 | +0.668% | $68K | $4K | 10x | |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 58.360 | −0.086% | $125K | $686K | 20x | as long as short |
| edgeX TENCENTUSDC | +0.0547% | 4h | 58.416 | +0.010% | $121K | $213K | 10x | as long as short |
Aster TENCENTUSDT
Binance TENCENTUSDT
Bybit TENCENTUSDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC