Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h —
Price spread now: Deribit against Lighter−0.082%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—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 −$3 a day on $10k at the current rate, and Deribit is 0.082% cheaper against Lighter than usual: you would sell low and buy high (−$8 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 DYDX | 0.1340 | 0.0096 | pay 0.0012% / 1h | 31m 10s | $59K | $46K | 5x |
| Short | Deribit DYDX_USDC-PERPETUAL | 0.1339 | 0 | get 0.0000% / 1h | 31m 10s | — | — | 25x |
Lighter DYDX
Deribit DYDX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: −0.082% → 0.000%
- −$8.21
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$35.37
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Deribit: 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 no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Lighter and Deribit: 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.
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate DYDX_USDT | −0.0001% | 8h | 0.1339 | −0.104% | $364K | $430K | 75x | as long as short |
| Deribit DYDX_USDC-PERPETUALshort | 0.0000% | 1h | 0.1339 | −0.082% | — | — | 25x | |
| Lighter DYDXlong | +0.0096% | 1h | 0.1340 | long leg | $59K | $46K | 5x | |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1341 | +0.067% | $2.0M | $712K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1340 | −0.019% | $6K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1340 | −0.008% | $5.2M | $7.8M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1338 | −0.157% | $4.6M | $2.6M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1340 | −0.045% | $2.1M | $2.8M | 20x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1340 | −0.007% | $2.8M | $751K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1341 | +0.067% | $2.3M | $3.4M | 50x | as long as short |
Gate DYDX_USDT
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1340 | −0.007% | $1.3M | $870K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1340 | −0.007% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1340 | −0.006% | $3K | $402K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1339 | −0.051% | $49K | — | 3x | as long as short |
| Arcus DYDX-USD | +0.0117% | 1h | 0.1343 | +0.216% | $51K | $21K | 5x | as long as short |
| BloFin DYDX-USDT | +0.0119% | 8h | 0.1342 | +0.142% | $292K | $30K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1339 | −0.086% | $909 | — | 100x | as long as short |
| Injective DYDX/USDC PERP | +0.0188% | 1h | 0.1346 | +0.440% | $6K | $48K | 12x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1344 | +0.291% | $16K | $26K | 50x | as long as short |
| Kraken Futures PF_DYDXUSD | +0.1094% | 1h | 0.1340 | +0.017% | $301K | $300K | 20x | as long as short |
| dYdX DYDX-USD | +1.0072% | 1h | 0.1341 | +0.079% | $76K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
Arcus DYDX-USD
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Injective DYDX/USDC PERP
Coinbase International DYDX-PERP-INTX
Kraken Futures PF_DYDXUSD
dYdX DYDX-USD