Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h +0.067%
Price spread now: Injective against Lighter−0.867%96s7-day average +2.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−1.718%−$172 · spread now −0.867%, 7d avg +2.066%
=Together, before fees−1.692%+ Points / potential airdropLighter: Season 3 · farm board−$169 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.933% cheaper against Lighter than usual: you would sell low and buy high (−$293 if the spread goes back to its 7-day average of +2.066%). Swap the legs. The two prices were read 96 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 | 0.9941 | 0.0096 | pay 0.0012% / 1h | 41m 29s | $157K | $345K | 5x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 41m 29s | $2K | $240K | 12x |
Lighter FIL
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −0.867% → +2.066%
- −$293.31
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$306.49
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 18 min ago; Injective: 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, 18 min ago | 8.44 bp | 21.4 bp −$21 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0020 | +0.793% | $366K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0192% | 1h | 0.9985 | +0.439% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 0.9959 | +0.179% | $18.4M | $100.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0050% | 1h | 0.9994 | +0.531% | $172K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0046% | 8h | 0.9953 | +0.119% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9985 | +0.437% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9946 | +0.052% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9951 | +0.096% | $695K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0028% | 8h | 0.9954 | +0.129% | $57.7M | $183.2M | 75x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −0.867% | $2K | $240K | 12x |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0070% | 8h | 0.9948 | +0.068% | $244K | $104K | 50x | as long as short |
| Gate FIL_USDT | +0.0077% | 8h | 0.9958 | +0.169% | $8.3M | $16.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | +0.521% | $2.7M | $610K | 75x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9941 | long leg | $157K | $345K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9953 | +0.124% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9970 | +0.285% | $509K | $612K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9955 | +0.139% | $15.9M | $19.1M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9952 | +0.109% | $11.0M | $22.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9954 | +0.129% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | +0.883% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0032 | +0.909% | $46K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9960 | +0.184% | $297K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0050 | +1.094% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9994 | +0.536% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | +0.390% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9979 | +0.380% | $492 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9988 | +0.471% | $647K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | +0.390% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9988 | +0.469% | $267K | — | 100x | as long as short |
MEXC FIL_USDC
Gate FIL_USDT
BloFin FIL-USDT
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
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
GMX FIL/USD [WBTC.b-USDC]