Funding you earn now, next payment 07:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.025%
Price spread now: Binance against Lighter−0.518%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−0.037%−$4 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 −$3 a day on $10k at the current rate, and Binance is 0.518% cheaper against Lighter than usual: you would sell low and buy high (−$52 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 TENCENT | 57.671 | 0.0272 | pay 0.0034% / 1h | 4m 24s | $67K | $4K | 10x |
| Short | Binance TENCENTUSDT | 57.372 | 0.0165 | get 0.0083% / 4h | 1h 04m | $2.8M | $5.1M | 25x |
Lighter TENCENT
Binance TENCENTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$22.4
- Price spread: −0.518% → 0.000%
- −$51.8
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.21
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago | 2.61 bp | 19.3 bp −$19 | 70.9 bp −$709 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TENCENTUSDC | −0.0161% | 4h | 57.356 | −0.545% | $118K | $213K | 10x | as long as short |
| Aster TENCENTUSDT | 0.0000% | 8h | 57.455 | −0.375% | $44K | $12K | 20x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.380 | −0.505% | $251K | $266K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.400 | −0.470% | $1.7M | $675K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.380 | −0.505% | $1.2M | $3.0M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.470 | −0.349% | $10K | $45K | 10x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 57.380 | −0.505% | $121K | $685K | 20x | as long as short |
| Binance TENCENTUSDTshort | +0.0165% | 4h | 57.372 | −0.518% | $2.8M | $5.1M | 25x | |
| Lighter TENCENTlong | +0.0272% | 1h | 57.671 | long leg | $67K | $4K | 10x |
edgeX TENCENTUSDC
Aster TENCENTUSDT
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM