Funding you earn now, next payment 05:00 UTC+0.1602%/8h= +175.4% APRnext payment +$2.00 per $10,000 · paid last 24h −0.011%
Price spread now: Lighter against tradeXYZ−0.013%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$720.717% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.013%, 7d avg +0.024%
=Together, before fees−0.084%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.037% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.024%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$48 a day). Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.00 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 | tradeXYZ xyz:BB | 8.5758 | −0.0194 | get 0.0024% / 1h | 37m 23s | $10.8M | $3.1M | 10x |
| Short | Lighter BB | 8.5747 | 0.1408 | get 0.0176% / 1h | 37m 23s | $188K | $144K | 10x |
tradeXYZ xyz:BB
Lighter BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $336.38
- Price spread: −0.013% → +0.024%
- −$3.66
- Slippage, 4 orders
- −$53.73
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $260.99
- Costs to cover
- 0.717%
- Break-even
- 1.6 days
Slippage from tradeXYZ: live order book, 11 min ago; Lighter: live order book, 62 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 tradeXYZ live order book, 11 min ago | 3.14 bp | 12.4 bp −$12 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 62 min ago | 17.44 bp | 17.4 bp −$17 | 29.4 bp −$294 | 76.2 bp −$7,616 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BBlong | −0.0194% | 1h | 8.5758 | long leg | $10.8M | $3.1M | 10x | |
| Extended BB-USD | −0.0016% | 1h | 8.5761 | +0.003% | $9K | $21K | 10x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5630 | −0.149% | $50K | $23K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.068% | — | $1K | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0144% | 1h | 8.5418 | −0.396% | $494K | $463K | 10x | as long as short |
| QFEX BB-USD | +0.0240% | 1h | 8.5600 | −0.184% | $1.1M | $213K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0478% | 8h | 8.5510 | −0.289% | $213K | $522K | 20x | as long as short |
| MEXC BBSTOCK_USDT | +0.0754% | 8h | 8.5500 | −0.301% | $311K | $107K | 50x | as long as short |
| Lighter BBshort | +0.1408% | 1h | 8.5747 | −0.013% | $188K | $144K | 10x |
Extended BB-USD
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
QFEX BB-USD
OKX BB-USDT-SWAP
MEXC BBSTOCK_USDT