S

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Lighter−0.099%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter S	0.04042	0.0096	pay 0.0012% / 1h	46m 03s	$173K	$139K	5x
Short	gTrade (Gains Network) S/USD	0.04038	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	46m 03s	$622	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.099%Rate

Funding earned: −$21.44
Price spread: −0.099% → 0.000%: −$9.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 44 min ago; gTrade (Gains Network): 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, 44 min ago	10.03 bp	21.0 bp −$21	89.4 bp −$894	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

S on 25 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
01 Exchange SUSD	−0.8112%	1h	0.03940	−2.524%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2388%	1h	0.04037	−0.115%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−2.004%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04038	−0.106%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04038	−0.090%	$4	—	15x	as long as short
Variational Omni S	−0.0007%	4h	0.04040	−0.041%	$627K	$25K	—	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.04038	−0.099%	$622	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.435%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04038	−0.099%	$100K	$571K	10x	as long as short
Lighter Slong	+0.0096%	1h	0.04042	long leg	$173K	$139K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04045	+0.069%	$1.0M	$596K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04041	−0.022%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04041	−0.021%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04035	−0.173%	$5.8M	$4.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04041	−0.025%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04040	−0.049%	$329K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04042	0.000%	$4.0M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04041	−0.025%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04041	−0.025%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04039	−0.074%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04040	−0.049%	$24K	$490K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04040	−0.041%	$233K	$598K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04039	−0.074%	$282K	$116K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0741%	1h	0.04042	0.000%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1614%	1h	0.04050	+0.198%	$118K	$426K	5x	as long as short