Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.003%
Price spread now: Lighter against edgeX−0.053%109s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.194% of the position
Funding, last 6 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.053%, 7d avg −0.089%
=Together, before fees−0.076%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.037% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.089%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX USDJPYUSDC | 157.65 | −0.0134 | get 0.0067% / 4h | 3h 35m | $5K | $134K | 50x |
| Short | Lighter USDJPY | 157.56 | −0.0040 | pay 0.0005% / 1h | 35m 39s | $553K | $356K | 50x |
edgeX USDJPYUSDC
Lighter USDJPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- $19.8
- Price spread: −0.053% → −0.089%
- $3.65
- Slippage, 4 orders
- −$10.39
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.07
- Costs to cover
- 0.194%
- Break-even
- 5.6 days
Slippage from edgeX: live order book, 61 min ago; Lighter: live order book, 59 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 edgeX live order book, 61 min ago | 2.22 bp | 6.8 bp −$7 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 2.16 bp | 3.1 bp −$3 | 11.1 bp −$111 | 55.5 bp −$5,551 | doesn't fit |
USDJPY on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDJPYUSDT | −0.0650% | 8h | 157.43 | −0.138% | $574K | $135K | 100x | as long as short |
| edgeX USDJPYUSDClong | −0.0134% | 4h | 157.65 | long leg | $5K | $134K | 50x | |
| tradeXYZ xyz:JPY | −0.0088% | 1h | 157.63 | −0.011% | $29.5M | $3.2M | 50x | as long as short |
| Lighter USDJPYshort | −0.0040% | 1h | 157.56 | −0.053% | $553K | $356K | 50x | |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.77 | +0.075% | $98K | $1K | 40x | as long as short |
| Pacifica USDJPY | −0.0014% | 1h | 157.63 | −0.011% | $95K | $59K | 50x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.54 | −0.070% | $291K | $129K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.71 | +0.039% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.63 | −0.011% | — | $2.3M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.66 | +0.008% | $9K | $314K | 20x | as long as short |
Bitget USDJPYUSDT
tradeXYZ xyz:JPY
Nado USDJPY-PERP
Pacifica USDJPY
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended USDJPY-USD | +0.0032% | 1h | 157.71 | +0.036% | $843K | $82K | 25x | as long as short |
| Hotstuff USDJPY-PERP | +0.0040% | 1h | 157.64 | −0.005% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.57 | −0.046% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.51 | −0.088% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0136% | 1h | 157.80 | +0.094% | $44K | $72K | 101x | as long as short |
Extended USDJPY-USD
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP