Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.040%
Price spread now: Phemex against Lighter−0.139%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.139%, 7d avg +0.008%
=Together, before fees+0.105%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.147% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 1.0024 | 0.0096 | pay 0.0012% / 1h | 26m 24s | $159K | $353K | 5x |
| Short | Phemex FILUSDT | 1.0010 | 0.0100 | get 0.0100% / 8h | 5h 26m | $1.1M | $2.5M | 50x |
Lighter FIL
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0.84
- Price spread: −0.139% → +0.008%
- −$14.65
- Slippage, 4 orders
- −$77.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.12
- Costs to cover
- 0.893%
- Break-even
- 866.4 days
Slippage from Lighter: live order book, 28 min ago; Phemex: live order book, 2 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 | 9.27 bp | 19.2 bp −$19 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 9.97 bp | 34.6 bp −$35 | 101.6 bp −$1,016 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0025 | +0.011% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0044 | +0.197% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 1.0034 | +0.101% | $18.9M | $101.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0029% | 8h | 1.0034 | +0.101% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0037 | +0.130% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0036 | +0.125% | $59K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0043 | +0.191% | $173K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.685% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0063% | 8h | 1.0033 | +0.091% | $58.5M | $178.4M | 75x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 1.0030 | +0.062% | $708K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0083% | 8h | 1.0033 | +0.091% | $243K | $104K | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 1.0024 | long leg | $159K | $353K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0037 | +0.131% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0040 | +0.159% | $510K | $578K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0032 | +0.081% | $15.8M | $19.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0034 | +0.101% | $8.5M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0033 | +0.091% | $11.0M | $19.8M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0032 | +0.081% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0058 | +0.345% | $453K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0046 | +0.216% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0044 | +0.204% | $292K | $880K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0070 | +0.460% | $30K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0045 | +0.213% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0030 | +0.061% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0038 | +0.141% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0020 | −0.039% | $631K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 1.0010 | −0.139% | $1.1M | $2.5M | 50x | |
| BloFin FIL-USDT | +0.0182% | 8h | 1.0030 | +0.061% | $2.7M | $637K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0035 | +0.115% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]