Funding you earn now, next payment 00:00 UTC−0.0507%/8h= −55.5% APRnext payment −$0.63 per $10,000 · paid last 24h −0.167%
Price spread now: Lighter against GMX−0.135%7-day average −0.050% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.251%−$25 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.135%, 7d avg −0.050%
=Together, before fees−0.148%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.085% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 0.9874 | L +0.0571% / S −0.0666% | pay 0.0071% / 1h | 41m 29s | $196K | — | 100x |
| Short | Lighter FIL | 0.9860 | 0.0064 | get 0.0008% / 1h | 41m 29s | $158K | $347K | 5x |
GMX FIL/USD [WBTC.b-USDC]
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$106.39
- Price spread: −0.135% → −0.050%
- −$8.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$126.9
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 28 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 28 min ago | 5.50 bp | 7.2 bp −$7 | 22.1 bp −$221 | doesn't fit | doesn't fit |
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.
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-PERPETUAL | −0.1066% | 1h | 0.9865 | −0.089% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0394% | 1h | 0.9865 | −0.091% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9860 | −0.139% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.190% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0008% | 8h | 0.9868 | −0.058% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9873 | −0.004% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | −0.049% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0021% | 8h | 0.9867 | −0.068% | $18.1M | $98.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0031% | 8h | 0.9869 | −0.048% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9871 | −0.028% | $15.4M | $18.3M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0056% | 1h | 0.9863 | −0.107% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0057% | 8h | 0.9869 | −0.050% | $57.2M | $178.3M | 75x | as long as short |
| MEXC FIL_USDC | +0.0060% | 8h | 0.9861 | −0.129% | $250K | $103K | 50x | as long as short |
| BingX FIL-USDT | +0.0061% | 8h | 0.9869 | −0.048% | — | $11.9M | — | as long as short |
| Lighter FILshort | +0.0064% | 1h | 0.9860 | −0.135% | $158K | $347K | 5x | |
| Gate FIL_USDT | +0.0086% | 8h | 0.9869 | −0.048% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9871 | −0.031% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9873 | −0.011% | $498K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9898 | +0.248% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9892 | +0.188% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9875 | +0.015% | $295K | $818K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.165% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9877 | +0.029% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.139% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9859 | −0.149% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9872 | −0.018% | $630K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | +0.063% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0179% | 8h | 0.9879 | +0.053% | $2.7M | $564K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0571% / S −0.0666% | 1h | 0.9874 | long leg | $196K | — | 100x |
Extended FIL-USD
Binance FILUSDT
MEXC FIL_USDC
BingX FIL-USDT
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
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
BloFin FIL-USDT