Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.023%
Price spread now: Gate against Lighter−0.663%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−0.072%−$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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.663% cheaper against Lighter than usual: you would sell low and buy high (−$66 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 | 58.800 | 0.0032 | pay 0.0004% / 1h | 29m 48s | $68K | $4K | 10x |
| Short | Gate TENCENT_USDT | 58.410 | 0 | get 0.0000% / 8h | 3h 29m | $1.7M | $635K | 25x |
Lighter TENCENT
Gate TENCENT_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: −0.663% → 0.000%
- −$66.33
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$88.05
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Gate: 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 Gate live order book, 3 min ago | 10.27 bp | 22.8 bp −$23 | 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.
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 | −0.399% | $46K | $11K | 20x | as long as short |
| Binance TENCENTUSDT | 0.0000% | 4h | 58.425 | −0.637% | $2.8M | $4.5M | 25x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 58.420 | −0.646% | $245K | $254K | 25x | as long as short |
| Gate TENCENT_USDTshort | 0.0000% | 8h | 58.410 | −0.663% | $1.7M | $635K | 25x | |
| Bitget TENCENTUSDT | 0.0000% | 8h | 58.380 | −0.714% | $1.2M | $2.9M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.490 | −0.527% | $10K | $42K | 10x | as long as short |
| Lighter TENCENTlong | +0.0032% | 1h | 58.800 | long leg | $68K | $4K | 10x | |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 58.360 | −0.748% | $125K | $686K | 20x | as long as short |
| edgeX TENCENTUSDC | +0.0700% | 4h | 58.415 | −0.655% | $121K | $212K | 10x | as long as short |
Aster TENCENTUSDT
Binance TENCENTUSDT
Bybit TENCENTUSDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC