EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.026%

Price spread now: Hotstuff against Lighter−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Hotstuff

What this pair did over the last

the charts below follow

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 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1476	0.0024	pay 0.0003% / 1h	14m 21s	$2.1M	$534K	50x
Short	Hotstuff EURUSD-PERP	1.1473	0.0112	get 0.0014% / 1h	14m 21s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Lighter. 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

Position, each leg$Hold fordaysFee LighterbpFee HotstuffbpOrdersPrice spread, now −0.023%Rate

Funding earned: $18.48
Price spread: −0.023% → 0.000%: −$2.27
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $11.21
Costs to cover: 0.050%
Break-even: 2.8 days

Slippage unknown: Lighter: live order book, 2 min ago; Hotstuff: 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, 2 min ago	1.35 bp	1.4 bp −$1	4.4 bp −$44	65.6 bp −$6,563	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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.

EUR on 18 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
MEXC EUR_USDT	−0.0158%	4h	1.1466	−0.084%	$6.8M	$153K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.106%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1471	−0.040%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1481	+0.047%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.040%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.101%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.040%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1473	−0.023%	$12K	$258K	20x	as long as short
Nado EURUSD-PERP	+0.0010%	1h	1.1466	−0.084%	$466K	$265K	40x	as long as short
Lighter EURUSDlong	+0.0024%	1h	1.1476	long leg	$2.1M	$534K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1464	−0.099%	$6.7M	$1.7M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.045%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.175%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.098%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1474	−0.010%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERPshort	+0.0112%	1h	1.1473	−0.023%	$33K	—	50x
tradeXYZ xyz:EUR	+0.0187%	1h	1.1471	−0.040%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0208%	1h	1.1467	−0.077%	$166K	$8.4M	30x	as long as short