FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.350%

Price spread now: GMX against Lighter−0.024%7-day average +0.053% · 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)+1.323%+$132 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.024%, 7d avg +0.053%

Together, before fees+1.211%+ Points / potential airdropLighter: Season 3 · farm board+$121 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.076% cheaper against Lighter than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.053%). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+1.323% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter FIL	1.0041	0.0096	pay 0.0012% / 1h	4m 03s	$158K	$354K	5x
Short	GMX FIL/USD [WBTC.b-USDC]	1.0039	L +0.0575% / S −0.0237%	get 0.0030% / 1h	4m 03s	$268K	—	100x

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 −0.024%Rate

Funding earned: $29.71
Price spread: −0.024% → +0.053%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.08
Costs to cover: 0.120%
Break-even: 4.6 days

Slippage unknown: Lighter: live order book, 50 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, 50 min ago	9.27 bp	19.2 bp −$19	32.6 bp −$326	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.

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
Coinbase International FIL-PERP-INTX	−0.0256%	1h	1.0040	−0.010%	$378K	$2.2M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0248%	1h	1.0042	+0.010%	$173K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0127%	1h	1.0049	+0.084%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0064%	8h	1.0042	+0.010%	$18.9M	$102.3M	50x	as long as short
KuCoin FILUSDTM	−0.0012%	8h	1.0045	+0.040%	$7.4M	$7.3M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0003% / S +0.0006%	1h	1.0037	−0.035%	$27K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0047	+0.065%	$59K	$2K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.852%	$2K	$240K	12x	as long as short
Extended FIL-USD	+0.0072%	1h	1.0030	−0.105%	$705K	$3.3M	10x	as long as short
Binance FILUSDT	+0.0076%	8h	1.0042	+0.008%	$58.7M	$180.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0089%	8h	1.0029	−0.120%	$243K	$105K	50x	as long as short
Lighter FILlong	+0.0096%	1h	1.0041	long leg	$158K	$354K	5x
Hyperliquid FIL	+0.0100%	1h	1.0044	+0.030%	$8.6M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0039	−0.022%	$518K	$586K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0043	+0.020%	$15.9M	$19.6M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0044	+0.030%	$8.6M	$16.6M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0040	−0.010%	$11.1M	$20.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	1.0043	+0.020%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0024	−0.174%	$451K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0025	−0.157%	$46K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0044	+0.028%	$291K	$914K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0050	+0.090%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0047	+0.060%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0040	−0.010%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0035	−0.060%	$481	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0042	+0.010%	$628K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0030	−0.110%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0196%	8h	1.0035	−0.060%	$2.8M	$652K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0575% / S −0.0237%	1h	1.0039	−0.024%	$268K	—	100x