Funding you earn now, next payment 09:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against Lighter−4.828%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.814%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.828% cheaper against Lighter than usual: you would sell low and buy high (−$483 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.814%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter S | 0.04308 | 0.0096 | pay 0.0012% / 1h | 32m 44s | $185K | $100K | 5x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 32m 44s | $2K | $37K | 12x |
Lighter S
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −4.828% → 0.000%
- −$482.82
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$496
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 47 min ago; Injective: 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, 47 min ago | 16.64 bp | 17.0 bp −$17 | 76.0 bp −$760 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.2657% | 1h | 0.04271 | −0.870% | $35K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04308 | 0.000% | $53K | $18K | 25x | as long as short |
| 01 Exchange SUSD | −0.0936% | 1h | 0.04170 | −3.203% | $25K | $3K | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04311 | +0.072% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04320 | +0.280% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0056% | 4h | 0.04316 | +0.192% | $670K | $7K | — | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04306 | −0.046% | $72K | $11K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04304 | −0.082% | $664 | — | 150x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | −4.828% | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0071% | 4h | 0.04304 | −0.093% | $107K | $631K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
01 Exchange SUSD
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter Slong | +0.0096% | 1h | 0.04308 | long leg | $185K | $100K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.04301 | −0.165% | $1.1M | $719K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04305 | −0.072% | $47K | $175K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04308 | 0.000% | $6.3M | $16.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04305 | −0.070% | $6.1M | $4.8M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04306 | −0.046% | $1.2M | $4.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04300 | −0.186% | $360K | $220K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04299 | −0.209% | $4.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04296 | −0.279% | $2.0M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04296 | −0.279% | $1.3M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04299 | −0.209% | — | $6.9M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04340 | +0.743% | $25K | $512K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04297 | −0.252% | $239K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04306 | −0.046% | $304K | $122K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0361% | 1h | 0.04300 | −0.186% | $101K | $473K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP