EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h +0.022%

Price spread now: Pacifica against Lighter−0.106%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.106%, 7d avg −0.092%

Together, before fees+0.263%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.223%, 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	0.0296	pay 0.0037% / 1h	51m 50s	$2.1M	$444K	50x
Short	Pacifica EURUSD	1.1467	0.0100	get 0.0013% / 1h	51m 50s	$190K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.106%Rate

Funding earned: −$41.16
Price spread: −0.106% → −0.092%: −$1.44
Slippage, 4 orders: −$20.73
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$71.33
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 11 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, 5 min ago	0.52 bp	1.0 bp −$1	9.1 bp −$91	69.8 bp −$6,977	doesn't fit
Sell Pacifica live order book, 11 min ago	3.05 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0148%	4h	1.1468	−0.098%	$6.8M	$136K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.055%	$582K	$280K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	−0.028%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.063%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1466	−0.115%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1475	−0.037%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1471	−0.071%	$12K	$256K	20x	as long as short
Nado EURUSD-PERP	+0.0017%	1h	1.1468	−0.100%	$466K	$154K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1465	−0.121%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.077%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1497	+0.156%	—	$264K	100x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1467	−0.106%	$190K	$61K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	−0.030%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1466	−0.111%	$3K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0253%	1h	1.1475	−0.037%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0288%	1h	1.1477	−0.019%	$33K	—	50x	as long as short
Lighter EURUSDlong	+0.0296%	1h	1.1479	long leg	$2.1M	$444K	50x
Hibachi EUR/USDT-P	+0.0296%	1h	1.1467	−0.102%	$172K	$8.2M	30x	as long as short