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

AUD

RWAall AUD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h −0.059%
Price spread now: Lighter against MEXC+0.138%7-day average +0.254% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$300.301% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.417%−$42 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.138%, 7d avg +0.254%
Together, before fees−0.405%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.116% cheaper against MEXC than usual: you would sell low and buy high (spread +0.138% now, against its 7-day average of +0.254%). If the spread goes back, that is −$12 on $10k: about 22 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.417%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC AUD_USDT0.7106−0.0400get 0.0200% / 4h6m 43s$9.7M$231K100x
ShortLighter AUDUSD0.71160.0024get 0.0003% / 1h6m 43s$528K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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
$89.04
Price spread: +0.138% → +0.254%
−$11.59
Slippage, 4 orders
−$22.13
Fee MEXC: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$47.32
Costs to cover
0.301%
Break-even
3.3 days
Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago1.41 bp5.4 bp −$55.4 bp −$5414.9 bp −$1,490doesn't fit
Sell Lighter live order book, 23 min ago9.62 bp9.7 bp −$1016.0 bp −$16052.0 bp −$5,199doesn't fit

AUD on 5 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
MEXC AUD_USDTlong−0.0400%4h0.7106long leg$9.7M$231K100x
Lighter AUDUSDshort+0.0024%1h0.7116+0.138%$528K$20K25x
Injective AUDUSD/USDC PERP+0.0033%1h0.7110+0.062%$592$2101xas long as short
Vest AUD-USD-PERP+0.0035%1h0.7088−0.248%$1100xas long as short
Hibachi AUD/USDT-P+0.0240%1h0.7107+0.013%$9K$2.4M20xas long as short