S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.009%

Price spread now: Binance against Lighter−0.037%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$820.819% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.795%+$79 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.037%, 7d avg −0.028%

Together, before fees+0.936%+ Points / potential airdropLighter: Season 3 · farm board+$94 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter S	0.03914	0.0096	pay 0.0012% / 1h	20m 27s	$164K	$223K	5x
Short	Binance SUSDT	0.03913	0.0100	get 0.0050% / 4h	1h 20m	$5.3M	$18.5M	75x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.037%Rate

Slippage from Lighter: live order book, 54 min ago; Binance: live order book, 5 min ago.

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, 54 min ago	15.24 bp	20.0 bp −$20	92.2 bp −$922	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.56 bp	17.2 bp −$17	56.0 bp −$560	doesn't fit	doesn't fit

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
Kraken Futures PF_SUSD	−0.1599%	1h	0.03908	−0.161%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.248%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0835%	4h	0.03901	−0.345%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0197% / S +0.0190%	1h	0.03913	−0.031%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03909	−0.122%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03914	−0.010%	$603	—	150x	as long as short
Orderly PERP_S_USDC	+0.0030%	4h	0.03910	−0.102%	$100K	$345K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.752%	$2K	$37K	12x	as long as short
01 Exchange SUSD	+0.0064%	1h	0.03850	−1.635%	$23K	$2K	5x	as long as short
Lighter Slong	+0.0096%	1h	0.03914	long leg	$164K	$223K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03913	−0.026%	$43K	$212K	10x	as long as short
Hyperliquid S	+0.0100%	1h	0.03911	−0.079%	$981K	$716K	5x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03913	−0.037%	$5.3M	$18.5M	75x
Bybit SUSDT	+0.0100%	4h	0.03906	−0.204%	$5.6M	$5.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03908	−0.153%	$978K	$5.6M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03906	−0.204%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03913	−0.026%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03905	−0.230%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03916	+0.051%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03909	−0.128%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−0.102%	$25K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03909	−0.128%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0261%	1h	0.03915	+0.026%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03906	−0.204%	$267K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0474%	1h	0.03920	+0.153%	$114K	$301K	5x	as long as short