Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h +0.544%
Price spread now: GMX against Lighter−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.082% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4390 | 0.0096 | pay 0.0012% / 1h | 58m 15s | $151K | $421K | 10x |
| Short | GMX TIA/USD [ETH-USDC] | 0.4387 | L +0.0044% / S +0.0055% | pay 0.0007% / 1h | 58m 15s | $6K | — | 100x |
Lighter TIA
GMX TIA/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$31.69
- Price spread: −0.082% → 0.000%
- −$8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$51.94
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 36 min ago; GMX: 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, 36 min ago | 8.16 bp | 20.8 bp −$21 | 97.8 bp −$978 | 342.9 bp −$34.3K | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TIA_USDC_PERP | −0.0488% | 1h | 0.4386 | −0.087% | $103K | $170K | 10x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0007% | 1h | 0.4385 | −0.113% | $348K | $202K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4388 | −0.050% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4387 | −0.076% | $1K | — | 150x | as long as short |
| Injective TIA/USDC PERP | +0.0014% | 1h | 0.4399 | +0.200% | $24K | $12K | 12x | as long as short |
| OKX TIA-USDT-SWAP | +0.0027% | 4h | 0.4384 | −0.141% | $2.8M | $6.5M | 50x | as long as short |
| GMX TIA/USD [ETH-USDC]short | L +0.0044% / S +0.0055% | 1h | 0.4387 | −0.082% | $6K | — | 100x | |
| dYdX TIA-USD | +0.0067% | 1h | 0.4382 | −0.184% | $52K | $139 | 10x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4390 | long leg | $151K | $421K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4386 | −0.096% | $7K | $242K | 10x | as long as short |
Backpack TIA_USDC_PERP
Kraken Futures PF_TIAUSD
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Injective TIA/USDC PERP
OKX TIA-USDT-SWAP
dYdX TIA-USD
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4393 | +0.059% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4384 | −0.143% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4385 | −0.112% | $13.8M | $47.7M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4385 | −0.118% | $9.9M | $13.9M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4387 | −0.073% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4386 | −0.096% | $12.8M | $14.0M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4383 | −0.164% | $4.2M | $9.8M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4384 | −0.141% | $4.3M | $3.9M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4386 | −0.096% | — | $103.9M | — | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4384 | −0.136% | $102K | $50K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4387 | −0.073% | $50K | $225K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4384 | −0.141% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4382 | −0.181% | $56K | $210K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4385 | −0.107% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4379 | −0.248% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4380 | −0.232% | $1.7M | $707K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0432% | 1h | 0.4413 | +0.519% | $48K | $87K | 50x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX