Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.045%
Price spread now: BloFin against Lighter−0.008%60s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.008%, 7d avg +0.030%
=Together, before fees+0.187%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.038% cheaper against Lighter than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.199% in total) that is about 32 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9966 | 0.0096 | pay 0.0012% / 1h | 4m 17s | $159K | $349K | 5x |
| Short | BloFin FIL-USDT | 0.9965 | 0.0126 | get 0.0126% / 8h | 7h 04m | $2.7M | $608K | 75x |
Lighter FIL
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $6.29
- Price spread: −0.008% → +0.030%
- −$3.76
- Slippage, 4 orders
- −$38.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$48.36
- Costs to cover
- 0.509%
- Break-even
- 60.8 days
Slippage from Lighter: live order book, 60 min ago; BloFin: live order book, 4 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, 60 min ago | 6.30 bp | 16.0 bp −$16 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.00 bp | 10.7 bp −$11 | 17.9 bp −$179 | 43.3 bp −$4,331 | 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 | −0.0450% | 1h | 0.9991 | +0.253% | $172K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0329% | 1h | 0.9972 | +0.060% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9970 | +0.042% | $340K | $1.9M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0038% | 8h | 0.9961 | −0.048% | $18.3M | $98.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9988 | +0.223% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9992 | +0.263% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9993 | +0.268% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9966 | +0.004% | $57.8M | $178.9M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9982 | +0.163% | $698K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.112% | $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
Binance FILUSDT
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 | +0.0068% | 8h | 0.9982 | +0.163% | $247K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0080% | 8h | 0.9979 | +0.132% | $11.0M | $21.5M | 75x | as long as short |
| Gate FIL_USDT | +0.0090% | 8h | 0.9986 | +0.203% | $8.3M | $16.4M | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9966 | long leg | $159K | $349K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9989 | +0.231% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9990 | +0.246% | $510K | $585K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9966 | +0.002% | $15.6M | $18.5M | 25x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9988 | +0.223% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9955 | −0.112% | $448K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | +0.175% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9966 | +0.003% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | +0.042% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9997 | +0.314% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | +0.243% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9977 | +0.112% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9980 | +0.142% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9970 | +0.042% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0126% | 8h | 0.9965 | −0.008% | $2.7M | $608K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0639% | 1h | 0.9991 | +0.258% | $199K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
Bybit 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
GMX FIL/USD [WBTC.b-USDC]