Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.021%
Price spread now: HTX against Lighter+0.008%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.008%, 7d avg +0.086%
=Together, before fees+0.231%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.078% cheaper against Lighter than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.086%). If the spread goes back, that is −$8 on $10k: about 5.4 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter USDJPY | 157.39 | −0.0048 | get 0.0006% / 1h | 19m 05s | $552K | $356K | 50x |
| Short | HTX USDJPY-USDT | 157.40 | 0 | get 0.0000% / 1h | 19m 05s | $9K | $313K | 20x |
Lighter USDJPY
HTX USDJPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $10.08
- Price spread: +0.008% → +0.086%
- −$7.78
- Slippage, 4 orders
- −$98.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$108.3
- Costs to cover
- 1.106%
- Break-even
- 82.2 days
Slippage from Lighter: live order book, 11 min ago; HTX: live order book, 13 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 Lighter live order book, 11 min ago | 1.49 bp | 2.6 bp −$3 | 7.4 bp −$74 | 39.6 bp −$3,960 | doesn't fit |
| Sell HTX live order book, 13 min ago | 12.38 bp | 47.9 bp −$48 | doesn't fit | doesn't fit | 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 | −0.0706% | 8h | 157.43 | +0.027% | $574K | $120K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0123% | 4h | 157.56 | +0.111% | $5K | $135K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0092% | 1h | 157.49 | +0.065% | $29.5M | $3.2M | 50x | as long as short |
| Lighter USDJPYlong | −0.0048% | 1h | 157.39 | long leg | $552K | $356K | 50x | |
| Pacifica USDJPY | −0.0014% | 1h | 157.50 | +0.072% | $95K | $34K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0011% | 1h | 157.60 | +0.135% | $98K | $1K | 40x | as long as short |
| Extended USDJPY-USD | −0.0008% | 1h | 157.54 | +0.096% | $843K | $84K | 25x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.50 | +0.073% | $290K | $126K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.52 | +0.085% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.46 | +0.046% | — | $2.1M | 10x | as long as short |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
tradeXYZ xyz:JPY
Pacifica USDJPY
Nado USDJPY-PERP
Extended USDJPY-USD
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDTshort | 0.0000% | 1h | 157.40 | +0.008% | $9K | $313K | 20x | |
| Hotstuff USDJPY-PERP | +0.0040% | 1h | 157.56 | +0.110% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.46 | +0.049% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.34 | −0.032% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0136% | 1h | 157.68 | +0.183% | $44K | $72K | 101x | as long as short |
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP