Spread before costs (cost unknown: a leg has no order-book sample)+0.167%
7d average—if it closes, per $10,000$17funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NOTUSDT | 0.0005025 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $640K | $421K | 50x |
| Short | Lighter 1000NOT | 0.0005033 | 0.0096 | get 0.0012% / 1h | 16m 32s | $11K | $5K | 3x |
Bitget NOTUSDT
Lighter 1000NOTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $16.72
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.6
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 10 min ago; Lighter: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- Average in range /8h
- —
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 Bitget live order book, 10 min ago | 3.00 bp | 27.8 bp −$28 | 167.2 bp −$1,672 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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.
NOT price on every exchange
against the cheapest. Click to use as the short leg.Injective0.0004874cheapestVariational Omni0.0004999+2.568%BloFin0.0005017+2.934%Bybit0.0005018+2.954%Gate0.0005018+2.954%Hyperliquid0.0005020+2.995%OKX0.0005022+3.037%KuCoin0.0005023+3.057%Extended0.0005023+3.067%MEXC0.0005024+3.078%BingX0.0005024+3.078%
Injective
Variational Omni
BloFin
Bybit
Gate
Hyperliquid
OKX
KuCoin
Extended
MEXC
BingXBitget0.0005025+3.098%
Binance0.0005026+3.117%Aster0.0005026+3.123%
Binance
AsterLighter0.0005033+3.270%
Kraken Futures0.0005059+3.790%
Kraken FuturesNOT on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective NOT/USDC PERP | −3.005% | +0.0033% | 1h | $1K | $13K | 5.5x | as long as short |
| Variational Omni NOT | −0.514% | −0.0180% | 4h | $61K | $48K | — | as long as short |
| BloFin NOT-USDT | −0.159% | +0.0042% | 4h | $113K | $19K | 50x | as long as short |
| Bybit NOTUSDT | −0.139% | +0.0100% | 4h | $2.1M | $974K | 25x | as long as short |
| Gate NOT_USDT | −0.139% | +0.0100% | 4h | $141K | $86K | 50x | as long as short |
| Hyperliquid NOT | −0.100% | +0.0100% | 1h | $368K | $67K | 3x | as long as short |
| OKX NOT-USDT-SWAP | −0.060% | +0.0100% | 4h | $597K | $654K | 20x | as long as short |
| KuCoin NOTUSDTM | −0.040% | +0.0100% | 4h | $488K | $130K | 50x | as long as short |
| Extended kNOT-USD | −0.030% | +0.0104% | 1h | $4K | $1K | 5x | as long as short |
| MEXC NOT_USDT | −0.020% | +0.0100% | 4h | $1.4M | $478K | 200x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX NOT-USDC | −0.020% | +0.0100% | 4h | — | $712K | — | as long as short |
| Bitget NOTUSDTlong | 0.000% | +0.0100% | 4h | $640K | $421K | 50x | |
| Binance NOTUSDT | +0.018% | +0.0100% | 4h | $2.1M | $3.2M | 50x | as long as short |
| Aster NOTUSDT | +0.024% | +0.0100% | 4h | $14K | $23K | 5x | as long as short |
| Lighter 1000NOTshort | +0.167% | +0.0096% | 1h | $11K | $5K | 3x | |
| Kraken Futures PF_NOTUSD | +0.671% | +0.6806% | 1h | $48K | $9K | 10x | as long as short |