Funding you earn now, next payment 23:00 UTC−0.0748%/8h= −81.9% APRnext payment −$0.94 per $10,000 · paid last 24h −0.041%
Price spread now: QFEX against Lighter−0.232%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1141.144% of the position
Funding, last 3 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.232%, 7d avg −0.056%
=Together, before fees+0.083%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and QFEX is 0.175% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BB | 8.5799 | 0.0800 | pay 0.0100% / 1h | 23m 49s | $188K | $140K | 10x |
| Short | QFEX BB-USD | 8.5600 | 0.0052 | get 0.0006% / 1h | 23m 49s | $1.2M | $270K | 10x |
Lighter BB
QFEX BB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$157.13
- Price spread: −0.232% → −0.056%
- −$17.55
- Slippage, 4 orders
- −$104.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$289.03
- Costs to cover
- 1.144%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 50 min ago; QFEX: live order book, 2 min ago.
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, 50 min ago | 17.82 bp | 17.8 bp −$18 | 23.3 bp −$233 | 60.7 bp −$6,069 | doesn't fit |
| Sell QFEX live order book, 2 min ago | 29.19 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX BB-USDT-SWAP | 0.0000% | 8h | 8.5690 | −0.127% | $211K | $485K | 20x | as long as short |
| MEXC BBSTOCK_USDT | 0.0000% | 8h | 8.5600 | −0.232% | $311K | $107K | 50x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5590 | −0.244% | $49K | $26K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.115% | — | $729 | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5534 | −0.309% | $458K | $441K | 10x | as long as short |
| QFEX BB-USDshort | +0.0052% | 1h | 8.5600 | −0.232% | $1.2M | $270K | 10x | |
| Extended BB-USD | +0.0408% | 1h | 8.5568 | −0.269% | $6K | $12K | 10x | as long as short |
| tradeXYZ xyz:BB | +0.0413% | 1h | 8.5596 | −0.237% | $10.6M | $3.2M | 10x | as long as short |
| Lighter BBlong | +0.0800% | 1h | 8.5799 | long leg | $188K | $140K | 10x |
OKX BB-USDT-SWAP
MEXC BBSTOCK_USDT
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
Extended BB-USD
tradeXYZ xyz:BB