Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Extended+0.260%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.260% dearer against Extended than usual: you sell high and buy low, +$26 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended kNOT-USD0.00050440.0104pay 0.0013% / 1h6m 46s$4K$1K5x
ShortLighter 1000NOT0.00050570.0096get 0.0012% / 1h6m 46s$11K$5K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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

Funding earned
−$1.68
Price spread: +0.260% → 0.000%
$25.96
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$19.28
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Lighter no order-book sample
Extended and Lighter: 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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0144%4h0.0005030−0.269%$71K$39Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.368%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0047%4h0.0005044+0.002%$110K$17K50xas long as short
Lighter 1000NOTshort+0.0096%1h0.0005057+0.260%$11K$5K3x
Hyperliquid NOT+0.0100%1h0.0005050+0.121%$370K$51K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005043−0.020%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005046+0.049%$2.1M$3.1M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005039−0.097%$2.1M$818K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005048+0.081%$614K$587K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005038−0.117%$140K$79K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005046+0.042%$1.4M$471K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005041−0.058%$460K$138K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005049+0.101%$663K$387K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005046+0.042%$7.5Mas long as short
Extended kNOT-USDlong+0.0104%1h0.0005044long leg$4K$1K5x
Kraken Futures PF_NOTUSD+0.6186%1h0.0005053+0.180%$49K$10K10xas long as short