Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.038%
Price spread now: Lighter against Backpack−0.079%7-day average +0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.079%, 7d avg +0.124%
=Together, before fees−0.356%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.203% cheaper against Backpack than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.124%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack FARTCOIN_USDC_PERP | 0.2029 | 0.0318 | pay 0.0040% / 1h | 18m 44s | $67K | $337K | 10x |
| Short | Lighter FARTCOIN | 0.2027 | 0.0280 | get 0.0035% / 1h | 18m 44s | $606K | $1.8M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- −$7.98
- Price spread: −0.079% → +0.124%
- −$20.32
- Slippage, 4 orders
- −$24.57
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$62.87
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 20 min ago; Lighter: live order book, 3 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 Backpack live order book, 20 min ago | 0.25 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 3.73 bp | 12.1 bp −$12 | 36.7 bp −$367 | doesn't fit | doesn't fit |
FARTCOIN on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FARTCOIN/USD | L +0.0005% / S −0.0006% | 1h | 0.2022 | −0.345% | $9K | — | 150x | as long as short |
| Injective FARTCOIN/USDC PERP | +0.0033% | 1h | 0.1984 | −2.218% | $1K | $5 | 5.5x | as long as short |
| OKX FARTCOIN-USDT-SWAP | +0.0100% | 4h | 0.2026 | −0.148% | $4.8M | $19.7M | 20x | as long as short |
| Bulk FARTCOIN-USD | +0.0100% | 1h | 0.2025 | −0.203% | $80K | −$0 | 10x | as long as short |
| SunX FARTCOIN-USDT | +0.0100% | 4h | 0.2027 | −0.118% | $1K | $1.9M | 20x | as long as short |
| SoDEX FARTCOIN-USD | +0.0100% | 1h | 0.2027 | −0.099% | $162K | $7K | 10x | as long as short |
| HTX FARTCOIN-USDT | +0.0100% | 4h | 0.2025 | −0.182% | $70K | $161K | 20x | as long as short |
| Extended FARTCOIN-USD | +0.0104% | 1h | 0.2026 | −0.157% | $199K | $1.6M | 25x | as long as short |
| Aevo FARTCOIN-PERP | +0.0152% | 1h | 0.2025 | −0.203% | $32K | — | 3x | as long as short |
| Pacifica FARTCOIN | +0.0170% | 1h | 0.2027 | −0.089% | $188K | $502K | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FARTCOINUSDT | +0.0198% | 4h | 0.2024 | −0.259% | $84K | $232K | 5x | as long as short |
| Bybit FARTCOINUSDT | +0.0253% | 4h | 0.2027 | −0.103% | $31.4M | $62.4M | 50x | as long as short |
| MEXC FARTCOIN_USDT | +0.0256% | 4h | 0.2026 | −0.172% | $25.1M | $15.9M | 100x | as long as short |
| Polymarket Perps FARTCOIN-USD | +0.0262% | 1h | 0.2024 | −0.261% | $110K | $985K | 10x | as long as short |
| ApeX Omni FARTCOINUSDT | +0.0271% | 1h | 0.2015 | −0.690% | $28K | $192K | 50x | as long as short |
| Binance FARTCOINUSDT | +0.0276% | 4h | 0.2027 | −0.099% | $19.7M | $94.5M | 75x | as long as short |
| Lighter FARTCOINshort | +0.0280% | 1h | 0.2027 | −0.079% | $606K | $1.8M | 10x | |
| Backpack FARTCOIN_USDC_PERPlong | +0.0318% | 1h | 0.2029 | long leg | $67K | $337K | 10x | |
| BingX FARTCOIN-USDC | +0.0326% | 4h | 0.2029 | 0.000% | — | $6.5M | — | as long as short |
| Bitget FARTCOINUSDT | +0.0344% | 4h | 0.2028 | −0.049% | $14.1M | $19.2M | 50x | as long as short |
| Variational Omni FARTCOIN | +0.0378% | 4h | 0.2010 | −0.944% | $1.0M | $3.1M | — | as long as short |
| GRVT FARTCOIN_USDT_Perp | +0.0382% | 4h | 0.2011 | −0.887% | $258K | $4.7M | 10x | as long as short |
| Reya FARTCOINRUSDPERP | +0.0411% | 1h | 0.2025 | −0.189% | $0 | — | 5x | as long as short |
| Gate FARTCOIN_USDT | +0.0422% | 4h | 0.2027 | −0.094% | $11.4M | $10.1M | 75x | as long as short |
| GMX FARTCOIN/USD [WBTC.b-USDC] | L +0.0439% / S −0.0523% | 1h | 0.2025 | −0.182% | $56K | — | 100x | as long as short |
| Nado FARTCOIN-PERP | +0.0453% | 1h | 0.2025 | −0.212% | $804K | $846K | 10x | as long as short |
| BloFin FARTCOIN-USDT | +0.0516% | 4h | 0.2023 | −0.296% | $999K | $2.3M | 75x | as long as short |
| KuCoin FARTCOINUSDTM | +0.0584% | 4h | 0.2029 | 0.000% | $11.1M | $15.7M | 50x | as long as short |
| Phoenix FARTCOIN | +0.0637% | 1h | 0.2015 | −0.685% | $159K | $233K | 10x | as long as short |
| Orderly PERP_FARTCOIN_USDC | +0.0701% | 4h | 0.2026 | −0.148% | $26K | $5K | 20x | as long as short |
| Hyperliquid FARTCOIN | +0.0749% | 1h | 0.2028 | −0.044% | $49.0M | $39.6M | 10x | as long as short |
| Arcus FARTCOIN-USD | +0.0826% | 1h | 0.2025 | −0.197% | $16K | $89K | 10x | as long as short |
| 01 Exchange FARTCOINUSD | +0.0848% | 1h | 0.2029 | 0.000% | $416 | $477 | 10x | as long as short |
| Kraken Futures PF_FARTCOINUSD | +0.0868% | 1h | 0.2028 | −0.061% | $835K | $2.5M | 50x | as long as short |
| Deribit FARTCOIN_USDC-PERPETUAL | +0.0986% | 1h | 0.2026 | −0.163% | $120K | $57K | 25x | as long as short |
| Coinbase International FARTCOIN-PERP-INTX | +0.1056% | 1h | 0.2031 | +0.108% | $1.2M | $10.0M | 50x | as long as short |
Backpack FARTCOIN_USDC_PERP
Lighter FARTCOIN
gTrade (Gains Network) FARTCOIN/USD
Injective FARTCOIN/USDC PERP
OKX FARTCOIN-USDT-SWAP
Bulk FARTCOIN-USD
SunX FARTCOIN-USDT
SoDEX FARTCOIN-USD
HTX FARTCOIN-USDT
Extended FARTCOIN-USD
Pacifica FARTCOIN
Aster FARTCOINUSDT
Bybit FARTCOINUSDT
MEXC FARTCOIN_USDT
Polymarket Perps FARTCOIN-USD
ApeX Omni FARTCOINUSDT
Binance FARTCOINUSDT
BingX FARTCOIN-USDC
Bitget FARTCOINUSDT
Variational Omni FARTCOIN
GRVT FARTCOIN_USDT_Perp
Gate FARTCOIN_USDT
GMX FARTCOIN/USD [WBTC.b-USDC]
BloFin FARTCOIN-USDT
KuCoin FARTCOINUSDTM
Phoenix FARTCOIN
Hyperliquid FARTCOIN
01 Exchange FARTCOINUSD
Kraken Futures PF_FARTCOINUSD
Deribit FARTCOIN_USDC-PERPETUAL
Coinbase International FARTCOIN-PERP-INTX