Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.030%
Price spread now: Lighter against Phemex+0.006%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.006%, 7d avg −0.001%
=Together, before fees−0.071%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9940 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $1.2M | $2.6M | 50x |
| Short | Lighter FIL | 0.9941 | 0.0096 | get 0.0012% / 1h | 24m 57s | $148K | $355K | 5x |
Phemex FILUSDT
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: +0.006% → −0.001%
- $0.73
- Slippage, 4 orders
- −$75.29
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$87.4
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 9 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 Phemex live order book, 4 min ago | 10.12 bp | 28.7 bp −$29 | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 5.33 bp | 13.8 bp −$14 | 23.8 bp −$238 | 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 | −0.0453% | 1h | 0.9951 | +0.111% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9954 | +0.141% | $353K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9950 | +0.098% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9949 | +0.093% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.855% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0052% | 8h | 0.9931 | −0.091% | $18.0M | $109.2M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0058% | 8h | 0.9935 | −0.050% | $7.1M | $8.0M | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9941 | +0.006% | $148K | $355K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9941 | +0.013% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9941 | +0.012% | $507K | $606K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9938 | −0.024% | $55.8M | $187.1M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9933 | −0.070% | $15.6M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9946 | +0.060% | $8.3M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9940 | 0.000% | $231K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9937 | −0.030% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9939 | −0.010% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9947 | +0.068% | $442K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9900 | −0.401% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9907 | −0.331% | $288K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.402% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9956 | +0.161% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9950 | +0.101% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9943 | +0.030% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9957 | +0.171% | $618K | $5.6M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9940 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9931 | −0.094% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9955 | +0.151% | $2.7M | $679K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0245% | 1h | 0.9949 | +0.087% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9909 | −0.310% | $265K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]