Funding you earn now, next payment 07:00 UTC+0.0346%/8h= +37.9% APRnext payment +$0.43 per $10,000 · paid last 24h +0.175%
Price spread now: Lighter against Deribit−0.046%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.046%, 7d avg −0.073%
=Together, before fees+0.337%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 1.0002 | −0.0250 | get 0.0031% / 1h | 10m 29s | $172K | $23K | 25x |
| Short | Lighter FIL | 0.9997 | 0.0096 | get 0.0012% / 1h | 10m 29s | $149K | $356K | 5x |
Deribit FIL_USDC-PERPETUAL
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $72.66
- Price spread: −0.046% → −0.073%
- $2.67
- Slippage, 4 orders
- −$48.56
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.77
- Costs to cover
- 0.556%
- Break-even
- 5.1 days
Slippage from Deribit: live order book, 33 min ago; Lighter: live order book, 24 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 Deribit live order book, 33 min ago | 5.05 bp | 17.6 bp −$18 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 24 min ago | 5.33 bp | 13.8 bp −$14 | 23.8 bp −$238 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUALlong | −0.0250% | 1h | 1.0002 | long leg | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 1.0000 | −0.020% | $351K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0000 | −0.020% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0001 | −0.010% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.470% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0069% | 8h | 0.9990 | −0.120% | $7.1M | $8.0M | 50x | as long as short |
| OKX FIL-USDT-SWAP | +0.0073% | 8h | 0.9986 | −0.160% | $18.0M | $109.3M | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9997 | −0.046% | $149K | $356K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9994 | −0.077% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9993 | −0.085% | $509K | $606K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9992 | −0.100% | $56.3M | $185.9M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9985 | −0.170% | $15.6M | $20.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9994 | −0.080% | $8.3M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9991 | −0.110% | $231K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9989 | −0.130% | $11.3M | $19.8M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9994 | −0.080% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9995 | −0.073% | $450K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9993 | −0.086% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9998 | −0.043% | $296K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.020% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0009 | +0.068% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | −0.020% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9998 | −0.040% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0007 | +0.050% | $624K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.120% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9993 | −0.088% | $700K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9999 | −0.030% | $2.6M | $681K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0244% | 1h | 1.0004 | +0.019% | $1.4M | $2.1M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0605% / S −0.0280% | 1h | 1.0000 | −0.020% | $268K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]