Funding you earn now, next payment 04:00 UTC−0.0522%/8h= −57.2% APRnext payment −$0.65 per $10,000 · paid last 24h +0.027%
Price spread now: tradeXYZ against Lighter−0.129%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.129%, 7d avg −0.022%
=Together, before fees+0.258%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and tradeXYZ is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 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 | 8.6212 | 0.1056 | pay 0.0132% / 1h | 33m 57s | $189K | $141K | 10x |
| Short | tradeXYZ xyz:BB | 8.6101 | 0.0534 | get 0.0067% / 1h | 33m 57s | $10.8M | $3.5M | 10x |
Lighter BB
tradeXYZ xyz:BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$109.61
- Price spread: −0.129% → −0.022%
- −$10.65
- Slippage, 4 orders
- −$59.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$197.28
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; tradeXYZ: live order book, 5 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, 6 min ago | 17.44 bp | 17.4 bp −$17 | 22.9 bp −$229 | 60.1 bp −$6,009 | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 3.25 bp | 28.3 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5890 | −0.373% | $49K | $23K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5900 | −0.362% | — | $1K | 10x | as long as short |
| QFEX BB-USD | +0.0080% | 1h | 8.5900 | −0.362% | $1.1M | $239K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0281% | 8h | 8.6020 | −0.223% | $220K | $523K | 20x | as long as short |
| Ondo Perps BB-USD.P | +0.0312% | 1h | 8.5866 | −0.401% | $468K | $435K | 10x | as long as short |
| tradeXYZ xyz:BBshort | +0.0534% | 1h | 8.6101 | −0.129% | $10.8M | $3.5M | 10x | |
| Extended BB-USD | +0.0544% | 1h | 8.6073 | −0.162% | $9K | $21K | 10x | as long as short |
| MEXC BBSTOCK_USDT | +0.0583% | 8h | 8.5900 | −0.362% | $312K | $106K | 50x | as long as short |
| Lighter BBlong | +0.1056% | 1h | 8.6212 | long leg | $189K | $141K | 10x |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
QFEX BB-USD
OKX BB-USDT-SWAP
Ondo Perps BB-USD.P
Extended BB-USD
MEXC BBSTOCK_USDT