S

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.9480%/8h= +1038.1% APRnext payment +$11.85 per $10,000 · paid last 24h +2.191%

Price spread now: Lighter against 01 Exchange+4.831%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Lighter

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

Both sides work for this trade now. Funding pays +$284 a day on $10k at the current rate, and Lighter is 4.831% dearer against 01 Exchange than usual: you sell high and buy low: +$483 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03850	−0.9384	get 0.1173% / 1h	41m 58s	$24K	$2K	5x
Short	Lighter S	0.04036	0.0096	get 0.0012% / 1h	41m 58s	$166K	$165K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now +4.831%Rate

Funding earned: $1,990.8
Price spread: +4.831% → 0.000%: $483.12
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $2,466.92
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 8 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	6.21 bp	16.0 bp −$16	84.3 bp −$843	doesn't fit	doesn't fit

01 Exchange: 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
01 Exchange SUSDlong	−0.9384%	1h	0.03850	long leg	$24K	$2K	5x
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	+2.494%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSD	−0.1258%	1h	0.04028	+4.627%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0553%	4h	0.04015	+4.296%	$624K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04029	+4.657%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04028	+4.614%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04031	+4.696%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+6.494%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0041%	4h	0.04031	+4.701%	$107K	$330K	10x	as long as short
Lighter Sshort	+0.0096%	1h	0.04036	+4.831%	$166K	$165K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04033	+4.758%	$1.0M	$612K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04034	+4.784%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04052	+5.250%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04050	+5.195%	$5.8M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04056	+5.351%	$1.0M	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04031	+4.701%	$334K	$202K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04033	+4.753%	$3.9M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04031	+4.701%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04058	+5.403%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04032	+4.727%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	+4.416%	$26K	$447K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04061	+5.468%	$230K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	+4.519%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0742%	1h	0.04036	+4.831%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0940%	1h	0.04040	+4.935%	$119K	$335K	5x	as long as short