Funding you earn now, next payment 00:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.054%
Price spread now: BloFin against Lighter+0.189%90s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 3 days (all we have)−0.203%−$20 · spread now +0.189%, 7d avg +0.028%
=Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.160% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9860 | 0.0064 | pay 0.0008% / 1h | 41m 41s | $158K | $347K | 5x |
| Short | BloFin FIL-USDT | 0.9879 | 0.0179 | get 0.0179% / 8h | 41m 41s | $2.7M | $564K | 75x |
Lighter FIL
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $24.17
- Price spread: +0.189% → +0.028%
- $16.03
- Slippage, 4 orders
- −$25.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.41
- Costs to cover
- 0.378%
- Break-even
- 6.3 days
Slippage from Lighter: live order book, 28 min ago; BloFin: live order book, 1 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 Lighter live order book, 28 min ago | 5.50 bp | 16.6 bp −$17 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.51 bp | 7.5 bp −$8 | 12.0 bp −$120 | 32.8 bp −$3,280 | 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-PERPETUAL | −0.1066% | 1h | 0.9865 | +0.047% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0394% | 1h | 0.9865 | +0.044% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9860 | −0.004% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.055% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0008% | 8h | 0.9865 | +0.047% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9865 | +0.043% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | +0.086% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0021% | 8h | 0.9866 | +0.057% | $18.1M | $98.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0030% | 8h | 0.9863 | +0.026% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9868 | +0.077% | $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 | 0.9862 | +0.018% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0057% | 8h | 0.9865 | +0.047% | $57.2M | $178.3M | 75x | as long as short |
| MEXC FIL_USDC | +0.0061% | 8h | 0.9860 | −0.004% | $250K | $103K | 50x | as long as short |
| Lighter FILlong | +0.0064% | 1h | 0.9860 | long leg | $158K | $347K | 5x | |
| BingX FIL-USDC | +0.0067% | 8h | 0.9862 | +0.016% | — | $6.5M | — | as long as short |
| Gate FIL_USDT | +0.0085% | 8h | 0.9863 | +0.026% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9865 | +0.042% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9870 | +0.095% | $498K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9898 | +0.384% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9892 | +0.324% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9892 | +0.318% | $289K | $807K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.300% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9870 | +0.096% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.004% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9859 | −0.014% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9872 | +0.118% | $630K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | +0.199% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0179% | 8h | 0.9879 | +0.189% | $2.7M | $564K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9865 | +0.046% | $196K | — | 100x | as long as short |
Extended FIL-USD
Binance FILUSDT
MEXC FIL_USDC
BingX FIL-USDC
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
GMX FIL/USD [WBTC.b-USDC]