Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.043%
Price spread now: tradeXYZ against Lighter−0.033%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.033%, 7d avg −0.043%
=Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EURUSD | 1.1482 | 0.0152 | pay 0.0019% / 1h | 0m 14s | $2.1M | $444K | 50x |
| Short | tradeXYZ xyz:EUR | 1.1478 | 0.0188 | get 0.0024% / 1h | 0m 14s | $23.3M | $1.8M | 50x |
Funding 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
- $7.59
- Price spread: −0.033% → −0.043%
- $0.96
- Slippage, 4 orders
- −$11.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$20.64
- Costs to cover
- 0.292%
- Break-even
- 26.0 days
Slippage from Lighter: live order book, 2 min ago; tradeXYZ: live order book, 9 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, 2 min ago | 1.39 bp | 3.5 bp −$3 | 11.6 bp −$116 | 68.5 bp −$6,849 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.87 bp | 12.1 bp −$12 | 14.7 bp −$147 | 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 | −0.0176% | 4h | 1.1473 | −0.077% | $6.8M | $139K | 100x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.080% | $584K | $223K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1474 | −0.068% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | −0.085% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1470 | −0.103% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1477 | −0.042% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1479 | −0.024% | $13K | $260K | 20x | as long as short |
| Nado EURUSD-PERP | +0.0007% | 1h | 1.1473 | −0.080% | $467K | $153K | 40x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1470 | −0.103% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.134% | $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 | 1.1501 | +0.169% | — | $264K | 100x | as long as short |
| Hibachi EUR/USDT-P | +0.0056% | 1h | 1.1470 | −0.106% | $158K | $8.2M | 30x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1472 | −0.085% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1478 | −0.037% | $12K | — | 10x | as long as short |
| Kraken Futures PF_EURUSD | +0.0119% | 1h | 1.1468 | −0.116% | $3K | — | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1477 | −0.042% | $33K | — | 50x | as long as short |
| Lighter EURUSDlong | +0.0152% | 1h | 1.1482 | long leg | $2.1M | $444K | 50x | |
| tradeXYZ xyz:EURshort | +0.0188% | 1h | 1.1478 | −0.033% | $23.3M | $1.8M | 50x |
Lighter EURUSD
tradeXYZ xyz:EUR
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Pacifica EURUSD
Kraken Futures PF_EURUSD