Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.036%
Price spread now: Binance against Lighter−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, 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 IBM | 232.32 | 0.0032 | pay 0.0004% / 1h | 8m 55s | $38K | $49K | 10x |
| Short | Binance IBMUSDT | 232.21 | 0 | get 0.0000% / 8h | 8m 55s | $3.8M | $5.5M | 20x |
Lighter IBM
Binance IBMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.72
- Price spread: −0.047% → 0.000%
- −$4.68
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$21.4
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 14 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.22 bp | 11.8 bp −$12 | 33.3 bp −$333 | 142.1 bp −$14.2K | doesn't fit |
Lighter: 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.
IBM 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 232.09 | −0.098% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.16 | −0.069% | $53K | $311K | 10x | as long as short |
| Binance IBMUSDTshort | 0.0000% | 8h | 232.21 | −0.047% | $3.8M | $5.5M | 20x | |
| Bybit IBMUSDT | 0.0000% | 8h | 232.03 | −0.125% | $1.0M | $349K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.12 | −0.086% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.21 | −0.047% | $743K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.21 | −0.047% | $780K | $346K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.19 | −0.056% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.21 | −0.047% | $93 | $168K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.06 | −0.112% | $900 | $471K | 10x | as long as short |
Aster IBMUSDT
Extended IBM-USD
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IBM-USDT | 0.0000% | 8h | 232.48 | +0.069% | $6K | $33K | 20x | as long as short |
| BloFin IBM-USDT | +0.0017% | 8h | 232.23 | −0.039% | $47K | $60K | 20x | as long as short |
| Lighter IBMlong | +0.0032% | 1h | 232.32 | long leg | $38K | $49K | 10x | |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.460% | — | $57 | 12x | as long as short |
| QFEX IBM-USD | +0.0043% | 1h | 232.13 | −0.082% | $1.2M | $2.1M | 10x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.02 | −0.129% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.94 | −0.164% | $1.8M | $799K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.15 | −0.073% | $194K | $55K | 20x | as long as short |
HTX IBM-USDT
BloFin IBM-USDT
Injective IBM/USDC PERP
QFEX IBM-USD
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM