Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h −0.021%
Price spread now: Lighter against Binance−0.031%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.031%, 7d avg −0.011%
=Together, before fees+0.150%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.020% cheaper against Binance than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of −0.011%). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.027% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9867 | 0.0029 | pay 0.0029% / 8h | 7h 27m | $56.9M | $177.7M | 75x |
| Short | Lighter FIL | 0.9864 | 0.0096 | get 0.0012% / 1h | 27m 50s | $159K | $346K | 5x |
Binance FILUSDT
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $14.13
- Price spread: −0.031% → −0.011%
- −$2.01
- Slippage, 4 orders
- −$32.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.94
- Costs to cover
- 0.420%
- Break-even
- 21.8 days
Slippage from Binance: live order book, 16 min ago; Lighter: live order book, 37 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 Binance live order book, 16 min ago | 0.51 bp | 9.0 bp −$9 | 13.8 bp −$138 | 45.4 bp −$4,541 | doesn't fit |
| Sell Lighter live order book, 37 min ago | 6.30 bp | 10.3 bp −$10 | 24.4 bp −$244 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0559% | 1h | 0.9875 | +0.081% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0332% | 1h | 0.9874 | +0.076% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9864 | −0.030% | $315K | $1.8M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0044% | 8h | 0.9870 | +0.030% | $18.0M | $97.7M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0040% | 8h | 0.9871 | +0.041% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9869 | +0.021% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9880 | +0.129% | $58K | $2K | 10x | as long as short |
| Binance FILUSDTlong | +0.0029% | 8h | 0.9867 | long leg | $56.9M | $177.7M | 75x | |
| Extended FIL-USD | +0.0032% | 1h | 0.9867 | −0.002% | $691K | $3.6M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.122% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0062% | 8h | 0.9864 | −0.030% | $244K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0066% | 8h | 0.9868 | +0.010% | $10.9M | $21.4M | 75x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9864 | −0.031% | $159K | $346K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9870 | +0.031% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9872 | +0.051% | $503K | $553K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9869 | +0.020% | $15.4M | $18.2M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9872 | +0.051% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9869 | +0.020% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9865 | −0.021% | $443K | $280K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9863 | −0.043% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9863 | −0.045% | $291K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | +0.030% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9877 | +0.099% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.071% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9868 | +0.010% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9876 | +0.091% | $629K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | +0.030% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0115% | 8h | 0.9859 | −0.081% | $2.6M | $579K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9869 | +0.021% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]