Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.005%
Price spread now: Orderly against Lighter−0.111%7-day average −0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.111%, 7d avg −0.091%
=Together, before fees+0.325%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EURUSD | 1.1479 | 0.0056 | pay 0.0007% / 1h | 36m 53s | $2.1M | $441K | 50x |
| Short | Orderly PERP_EURUSD_USDC | 1.1466 | 0 | get 0.0000% / 8h | 6h 36m | $198K | $111K | 50x |
Lighter EURUSD
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$11.76
- Price spread: −0.111% → −0.091%
- −$1.97
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.73
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: 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, 5 min ago | 0.70 bp | 3.8 bp −$4 | 11.9 bp −$119 | 69.9 bp −$6,993 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_EURUSD | −0.0211% | 1h | 1.1469 | −0.085% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0172% | 4h | 1.1470 | −0.076% | $6.8M | $139K | 100x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1474 | −0.045% | $582K | $280K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | −0.024% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | −0.058% | $253K | $21K | 100x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1466 | −0.111% | $198K | $111K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1477 | −0.015% | — | $2.5M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1474 | −0.041% | $12K | $257K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1466 | −0.111% | $6.7M | $1.3M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | −0.072% | $9K | $78K | 101x | as long as short |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0038% | 1h | 1.1469 | −0.083% | $466K | $156K | 40x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1498 | +0.165% | — | $264K | 100x | as long as short |
| Lighter EURUSDlong | +0.0056% | 1h | 1.1479 | long leg | $2.1M | $441K | 50x | |
| Hibachi EUR/USDT-P | +0.0064% | 1h | 1.1470 | −0.077% | $174K | $8.3M | 30x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1467 | −0.105% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | −0.021% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EUR | +0.0231% | 1h | 1.1477 | −0.015% | $23.3M | $1.9M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0232% | 1h | 1.1477 | −0.015% | $33K | — | 50x | as long as short |
Nado EURUSD-PERP
Vest EUR-USD-PERP
Hibachi EUR/USDT-P
Pacifica EURUSD
Aevo EURUSD-PERP
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP