Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.030%
Price spread now: Lighter against Phemex−0.017%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$960.957% 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 −0.017%, 7d avg +0.002%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9800 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $1.3M | $2.4M | 50x |
| Short | Lighter FIL | 0.9798 | 0.0096 | get 0.0012% / 1h | 46m 49s | $143K | $249K | 5x |
Phemex FILUSDT
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: −0.017% → +0.002%
- −$1.94
- Slippage, 4 orders
- −$83.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.5
- Costs to cover
- 0.957%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 59 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 Phemex live order book, 5 min ago | 10.20 bp | 29.1 bp −$29 | 109.1 bp −$1,091 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 5.38 bp | 11.7 bp −$12 | 24.1 bp −$241 | doesn't fit | doesn't fit |
FIL on 29 exchanges
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 | −0.0200% | 1h | 0.9810 | +0.102% | $333K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9803 | +0.031% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9789 | −0.115% | $57K | $923 | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 0.9806 | +0.061% | $168K | $7K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | +0.561% | $2K | $240K | 12x | as long as short |
| Bybit FILUSDT | +0.0085% | 8h | 0.9809 | +0.092% | $15.2M | $18.1M | 25x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9798 | −0.017% | $143K | $249K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9811 | +0.112% | $7.8M | $3.2M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9814 | +0.141% | $500K | $300K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9812 | +0.122% | $56.7M | $156.7M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Bybit FILUSDT
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9811 | +0.112% | $17.1M | $92.6M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9810 | +0.102% | $8.1M | $14.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9810 | +0.102% | $225K | $90K | 50x | as long as short |
| KuCoin FILUSDTM | +0.0100% | 8h | 0.9805 | +0.051% | $7.1M | $7.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9809 | +0.092% | $11.4M | $17.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9810 | +0.102% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9798 | −0.020% | $442K | $268K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9800 | +0.005% | $44K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9791 | −0.094% | $291K | $1.8M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | +0.102% | $23K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9813 | +0.130% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9800 | 0.000% | $3K | $992K | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9800 | 0.000% | $476 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9811 | +0.112% | $625K | $4.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9800 | long leg | $1.3M | $2.4M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9807 | +0.069% | $690K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9788 | −0.122% | $2.7M | $609K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0290% | 1h | 0.9805 | +0.047% | $1.3M | $2.1M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0594% / S −0.0280% | 1h | 0.9801 | +0.009% | $262K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
KuCoin FILUSDTM
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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]