Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.021%
Price spread now: Lighter against SunX−0.041%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2052.053% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.041%, 7d avg −0.088%
=Together, before fees−0.204%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.047% dearer against SunX than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.088%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX USDJPY-USDT | 157.65 | 0 | get 0.0000% / 1h | 38m 38s | — | $2.3M | 10x |
| Short | Lighter USDJPY | 157.59 | −0.0040 | pay 0.0005% / 1h | 38m 38s | $553K | $356K | 50x |
SunX USDJPY-USDT
Lighter USDJPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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
- −$8.4
- Price spread: −0.041% → −0.088%
- $4.69
- Slippage, 4 orders
- −$197.32
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$209.04
- Costs to cover
- 2.053%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 56 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 SunX live order book, 8 min ago | 81.18 bp | 99.3 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 56 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 | −0.0635% | 8h | 157.43 | −0.140% | $574K | $135K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0167% | 4h | 157.66 | +0.007% | $5K | $134K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0087% | 1h | 157.66 | +0.006% | $29.5M | $3.2M | 50x | as long as short |
| Lighter USDJPYshort | −0.0040% | 1h | 157.59 | −0.041% | $553K | $356K | 50x | |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.76 | +0.071% | $98K | $3K | 40x | as long as short |
| Pacifica USDJPY | −0.0014% | 1h | 157.68 | +0.019% | $95K | $59K | 50x | as long as short |
| Hotstuff USDJPY-PERP | −0.0008% | 1h | 157.66 | +0.006% | $33K | — | 50x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.49 | −0.104% | $291K | $130K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.72 | +0.044% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDTlong | 0.0000% | 1h | 157.65 | long leg | — | $2.3M | 10x |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
tradeXYZ xyz:JPY
Nado USDJPY-PERP
Pacifica USDJPY
Hotstuff USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDT | 0.0000% | 1h | 157.64 | −0.006% | $9K | $315K | 20x | as long as short |
| Extended USDJPY-USD | +0.0016% | 1h | 157.73 | +0.053% | $843K | $82K | 25x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.57 | −0.048% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.51 | −0.087% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0136% | 1h | 157.80 | +0.093% | $44K | $72K | 101x | as long as short |
HTX USDJPY-USDT
Extended USDJPY-USD
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP