S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Lighter+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.035% dearer against Lighter than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter S	0.03931	0.0096	pay 0.0012% / 1h	44m 52s	$165K	$222K	5x
Short	gTrade (Gains Network) S/USD	0.03932	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	44m 52s	$606	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21.44
Price spread: +0.035% → 0.000%: $3.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$27.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 29 min ago; gTrade (Gains Network): 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, 29 min ago	15.24 bp	20.0 bp −$20	92.2 bp −$922	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

S on 25 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
Kraken Futures PF_SUSD	−0.1592%	1h	0.03926	−0.136%	$33K	$28K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.671%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0862%	4h	0.03922	−0.226%	$611K	$32K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0194% / S +0.0187%	1h	0.03933	+0.048%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03927	−0.097%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0024%	1h	0.03920	−0.280%	$24K	$2K	5x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03932	+0.035%	$606	—	150x
Deribit S_USDC-PERPETUAL	+0.0004%	1h	0.03933	+0.051%	$66K	$10K	10x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03928	−0.076%	$100K	$348K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.299%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0051%	4h	0.03930	−0.022%	$43K	$212K	10x	as long as short
Lighter Slong	+0.0096%	1h	0.03931	long leg	$165K	$222K	5x
Hyperliquid S	+0.0100%	1h	0.03930	−0.036%	$986K	$787K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03932	+0.025%	$5.4M	$20.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03921	−0.254%	$5.6M	$5.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03927	−0.102%	$979K	$6.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03922	−0.229%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	−0.127%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03923	−0.204%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03928	−0.076%	$1.2M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03928	−0.076%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.280%	$25K	$465K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03926	−0.121%	$221K	$881K	10x	as long as short
Backpack S_USDC_PERP	+0.0333%	1h	0.03930	−0.025%	$114K	$300K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03934	+0.076%	$268K	$128K	75x	as long as short