Funding you earn now, next payment 12:00 UTC+0.0308%/8h= +33.7% APRnext payment +$0.39 per $10,000 · paid last 24h +0.010%
Price spread now: Pacifica against Lighter+0.058%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Pacifica is 0.058% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter USDJPY | 156.92 | −0.0208 | get 0.0026% / 1h | 51m 22s | $601K | $386K | 50x |
| Short | Pacifica USDJPY | 157.01 | 0.0100 | get 0.0013% / 1h | 51m 22s | $94K | $24K | 50x |
Lighter USDJPY
Pacifica USDJPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $64.68
- Price spread: +0.058% → 0.000%
- $5.8
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $62.48
- Costs to cover
- 0.080%
- Break-even
- 0.2 days
Slippage unknown: Lighter: live order book, 47 min ago; Pacifica: no order-book sample. 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 live order book, 47 min ago | 1.37 bp | 2.7 bp −$3 | 8.6 bp −$86 | 42.6 bp −$4,255 | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDJPYUSDT | −0.0279% | 8h | 157.13 | +0.134% | $573K | $107K | 100x | as long as short |
| Extended USDJPY-USD | −0.0232% | 1h | 157.12 | +0.128% | $849K | $88K | 25x | as long as short |
| Lighter USDJPYlong | −0.0208% | 1h | 156.92 | long leg | $601K | $386K | 50x | |
| tradeXYZ xyz:JPY | −0.0097% | 1h | 157.06 | +0.090% | $29.7M | $3.3M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0080% | 4h | 157.00 | +0.050% | $5K | $134K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0015% | 1h | 157.16 | +0.154% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.87 | −0.031% | $291K | $123K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.12 | +0.128% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.04 | +0.077% | — | $1.6M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.04 | +0.077% | $9K | $308K | 20x | as long as short |
Bitget USDJPYUSDT
Extended USDJPY-USD
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 156.95 | +0.022% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0072% | 1h | 157.07 | +0.096% | $33K | — | 50x | as long as short |
| Pacifica USDJPYshort | +0.0100% | 1h | 157.01 | +0.058% | $94K | $24K | 50x | |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.84 | −0.052% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.08 | +0.103% | $25K | $87K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP