FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.317%

Price spread now: GMX against Lighter+0.020%7-day average +0.053% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.326%+$133 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.020%, 7d avg +0.053%

Together, before fees+1.341%+ Points / potential airdropLighter: Season 3 · farm board+$134 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.032% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.053%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+1.326% in total) that is about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter FIL	1.0031	0.0096	pay 0.0012% / 1h	47m 52s	$155K	$354K	5x
Short	GMX FIL/USD [WBTC.b-USDC]	1.0033	L +0.0575% / S −0.0237%	get 0.0030% / 1h	47m 52s	$268K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $29.71
Price spread: +0.020% → +0.053%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $14.47
Costs to cover: 0.120%
Break-even: 3.6 days

Slippage unknown: Lighter: live order book, 62 min ago; GMX: 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 live order book, 62 min ago	6.79 bp	14.6 bp −$15	30.7 bp −$307	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

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	−0.0546%	1h	1.0039	+0.076%	$173K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0240%	1h	1.0037	+0.056%	$366K	$2.2M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0021%	8h	1.0028	−0.034%	$18.5M	$106.0M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	1.0036	+0.046%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0043	+0.117%	$59K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0020%	8h	1.0032	+0.006%	$7.3M	$7.6M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.758%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0066%	1h	1.0041	+0.093%	$1.4M	$2.3M	50x	as long as short
Lighter FILlong	+0.0096%	1h	1.0031	long leg	$155K	$354K	5x
Hyperliquid FIL	+0.0100%	1h	1.0033	+0.019%	$8.5M	$9.4M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	1.0040	+0.081%	$515K	$608K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	1.0030	−0.011%	$57.8M	$183.8M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0025	−0.064%	$15.9M	$20.3M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0033	+0.016%	$8.5M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	1.0026	−0.054%	$243K	$103K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0024	−0.074%	$11.2M	$20.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	1.0029	−0.024%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0069	+0.372%	$454K	$264K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0067	+0.353%	$46K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0090	+0.581%	$292K	$1.0M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0080	+0.484%	$31K	$181K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0044	+0.123%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0040	+0.086%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0033	+0.016%	$486	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0052	+0.205%	$628K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0030	−0.014%	$1.2M	$2.5M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	1.0030	−0.013%	$711K	$3.3M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	1.0057	+0.255%	$2.7M	$670K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0575% / S −0.0237%	1h	1.0033	+0.020%	$268K	—	100x