CC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0663%/8h= −72.6% APRnext payment −$0.83 per $10,000 · paid last 24h −0.193%

Price spread now: GMX against Lighter−0.442%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 GMX

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.442% cheaper against Lighter than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CC	0.1178	0.0904	pay 0.0113% / 1h	55m 08s	$252K	$170K	5x
Short	GMX CC/USD [WBTC.b-USDC]	0.1173	L +0.0449% / S −0.0241%	get 0.0030% / 1h	55m 08s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.442%Rate

Funding earned: −$139.14
Price spread: −0.442% → 0.000%: −$44.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$195.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 35 min ago; GMX: 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, 35 min ago	17.81 bp	79.5 bp −$80	401.6 bp −$4,016	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

CC on 19 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 CC_USDT	−0.0250%	4h	0.1172	−0.535%	$1.8M	$359K	100x	as long as short
Bybit CCUSDT	−0.0239%	4h	0.1172	−0.543%	$10.8M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.161%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0090%	8h	0.1173	−0.434%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1174	−0.382%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1173	−0.447%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1171	−0.586%	$11.0M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1172	−0.509%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1172	−0.475%	$360K	$196K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1174	−0.373%	$484K	$104K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1173	−0.399%	$911K	$779K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1172	−0.492%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1172	−0.543%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1173	−0.463%	$598K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1175	−0.284%	$88K	$2.8M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1171	−0.604%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.323%	$597K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0449% / S −0.0241%	1h	0.1173	−0.442%	$44K	—	50x
Lighter CClong	+0.0904%	1h	0.1178	long leg	$252K	$170K	5x