Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%
Price spread now: Binance against Lighter−0.016%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.016%, 7d avg +0.012%
=Together, before fees−0.078%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9936 | 0.0096 | pay 0.0012% / 1h | 23m 32s | $153K | $365K | 5x |
| Short | Binance FILUSDT | 0.9935 | 0.0100 | get 0.0100% / 8h | 3h 23m | $57.1M | $185.1M | 75x |
Lighter FIL
Binance FILUSDTFunding 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
- $0.84
- Price spread: −0.016% → +0.012%
- −$2.73
- Slippage, 4 orders
- −$31.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.09
- Costs to cover
- 0.412%
- Break-even
- 366.1 days
Slippage from Lighter: live order book, 21 min ago; Binance: live order book, 5 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 Lighter live order book, 21 min ago | 7.86 bp | 15.9 bp −$16 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.50 bp | 7.5 bp −$8 | 16.1 bp −$161 | 54.3 bp −$5,427 | 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 | −0.0855% | 1h | 0.9945 | +0.088% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9995 | +0.591% | $365K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9951 | +0.148% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9940 | +0.039% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0002% | 8h | 0.9943 | +0.067% | $18.4M | $106.0M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0020% | 8h | 0.9949 | +0.128% | $7.3M | $7.7M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.818% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0067% | 1h | 0.9943 | +0.072% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9936 | long leg | $153K | $365K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9948 | +0.120% | $8.4M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9937 | +0.006% | $507K | $613K | 20x | as long as short |
| Binance FILUSDTshort | +0.0100% | 8h | 0.9935 | −0.016% | $57.1M | $185.1M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 0.9935 | −0.013% | $15.8M | $20.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9940 | +0.037% | $8.4M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9945 | +0.088% | $240K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9939 | +0.027% | $11.4M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9939 | +0.027% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9956 | +0.195% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9967 | +0.311% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9965 | +0.290% | $294K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | +0.239% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9955 | +0.189% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9940 | +0.037% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9939 | +0.027% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9945 | +0.088% | $619K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9940 | +0.037% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9936 | −0.002% | $700K | $2.8M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9950 | +0.138% | $2.7M | $713K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0582% / S −0.0251% | 1h | 0.9951 | +0.148% | $266K | — | 100x | as long as short |
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]