Funding you earn now, next payment 12:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.030%
Price spread now: Lighter against Bitget−0.087%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$850.852% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.087%, 7d avg −0.194%
=Together, before fees+0.021%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.108% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.194%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDJPYUSDT | 157.12 | −0.0172 | get 0.0172% / 8h | 4h 10m | $573K | $90K | 100x |
| Short | Lighter USDJPY | 156.98 | −0.0144 | pay 0.0018% / 1h | 10m 37s | $607K | $393K | 50x |
Bitget USDJPYUSDT
Lighter USDJPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $5.88
- Price spread: −0.087% → −0.194%
- $10.77
- Slippage, 4 orders
- −$73.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$68.53
- Costs to cover
- 0.852%
- Break-even
- 88.6 days
Slippage from Bitget: live order book, 27 min ago; Lighter: live order book, 23 min ago.
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 Bitget live order book, 27 min ago | 17.50 bp | 23.5 bp −$23 | 36.9 bp −$369 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 23 min ago | 2.07 bp | 2.9 bp −$3 | 10.4 bp −$104 | 48.5 bp −$4,848 | doesn't fit |
USDJPY on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff USDJPY-PERP | −0.0800% | 1h | 157.08 | −0.025% | $33K | — | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0182% | 4h | 157.11 | −0.009% | $9K | $137K | 50x | as long as short |
| Bitget USDJPYUSDTlong | −0.0172% | 8h | 157.12 | long leg | $573K | $90K | 100x | |
| Lighter USDJPYshort | −0.0144% | 1h | 156.98 | −0.087% | $607K | $393K | 50x | |
| tradeXYZ xyz:JPY | −0.0110% | 1h | 157.08 | −0.025% | $29.7M | $3.3M | 50x | as long as short |
| Extended USDJPY-USD | −0.0096% | 1h | 157.15 | +0.018% | $849K | $89K | 25x | as long as short |
| Nado USDJPY-PERP | −0.0019% | 1h | 157.22 | +0.061% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.99 | −0.083% | $301K | $130K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.14 | +0.013% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.08 | −0.025% | — | $1.5M | 10x | as long as short |
Hotstuff USDJPY-PERP
edgeX USDJPYUSDC
tradeXYZ xyz:JPY
Extended USDJPY-USD
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDT | 0.0000% | 1h | 157.07 | −0.032% | $9K | $307K | 20x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.02 | −0.064% | $35K | $3K | 10x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.11 | −0.006% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.90 | −0.139% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.19 | +0.045% | $25K | $87K | 101x | as long as short |
HTX USDJPY-USDT
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP