CC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0783%/8h= −85.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.173%

Price spread now: GMX against Lighter−0.357%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and GMX is 0.357% cheaper against Lighter than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CC	0.1181	0.1024	pay 0.0128% / 1h	7m 44s	$244K	$160K	5x
Short	GMX CC/USD [WBTC.b-USDC]	0.1176	L +0.0448% / S −0.0241%	get 0.0030% / 1h	7m 44s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.357%Rate

Funding earned: −$164.34
Price spread: −0.357% → 0.000%: −$35.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$212
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 38 min ago; GMX: 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, 38 min ago	7.66 bp	30.5 bp −$31	373.9 bp −$3,739	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

CC on 19 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
Injective CC/USDC PERP	−0.4093%	1h	0.1180	−0.042%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0097%	4h	0.1174	−0.517%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0096%	4h	0.1174	−0.534%	$1.7M	$324K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1175	−0.500%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1175	−0.470%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.497%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	−0.525%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.356%	$364K	$218K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1176	−0.364%	$485K	$122K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1174	−0.584%	$919K	$787K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1174	−0.517%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1176	−0.424%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	−0.468%	$598K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	−0.387%	$80K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1175	−0.482%	$6K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0261%	1h	0.1177	−0.305%	$5.5M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1176	−0.381%	$594K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0448% / S −0.0241%	1h	0.1176	−0.357%	$44K	—	50x
Lighter CClong	+0.1024%	1h	0.1181	long leg	$244K	$160K	5x