Spread before costs (cost unknown: a leg has no order-book sample)+0.100%
7d average—if it closes, per $10,000$10funding while held, a day−$13.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter S | 0.03889 | 0.0096 | pay 0.0012% / 1h | 15m 17s | $163K | $325K | 5x |
| Short | GMX S/USD [WBTC.b-USDC] | 0.03893 | L −0.0375% / S +0.0347% | pay 0.0043% / 1h | 15m 17s | $1K | — | 100x |
Lighter S
GMX S/USD [WBTC.b-USDC]Price 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
- $10.03
- Funding while held
- −$13.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$15.25
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 21 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0443%
- Per $10,000 a day
- −$13.28
- 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 Lighter live order book, 21 min ago | 1.27 bp | 12.7 bp −$13 | 85.0 bp −$850 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03844cheapestApeX Omni0.03870+0.676%Variational Omni0.03873+0.760%Bybit0.03882+0.989%OKX0.03885+1.067%BingX0.03885+1.067%Gate0.03886+1.093%KuCoin0.03886+1.093%Extended0.03887+1.114%MEXC0.03887+1.119%BloFin0.03887+1.119%Reya0.03887+1.128%Aster0.03887+1.130%Binance0.03887+1.131%Bitget0.03888+1.145%Hyperliquid0.03888+1.155%
Coinbase International
ApeX Omni
Variational Omni
Bybit
OKX
BingX
Gate
KuCoin
Extended
MEXC
BloFin
Reya
Aster
Binance
Bitget
HyperliquidLighter0.03889+1.171%
Kraken Futures0.03889+1.179%01 Exchange0.03890+1.197%Backpack0.03890+1.197%Orderly0.03890+1.197%gTrade (Gains Network)0.03892+1.261%
Kraken Futures
Backpack
Orderly
gTrade (Gains Network)GMX0.03893+1.272%
Deribit0.03894+1.301%
DeribitInjective0.04100+6.660%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTX | −1.157% | −0.2448% | 1h | $47K | $11K | 25x | as long as short |
| ApeX Omni SUSDT | −0.489% | +0.0100% | 1h | $20K | $501K | 50x | as long as short |
| Variational Omni S | −0.406% | −0.0867% | 4h | $603K | $121K | — | as long as short |
| Bybit SUSDT | −0.180% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| OKX S-USDT-SWAP | −0.103% | +0.0100% | 4h | $978K | $12.3M | 20x | as long as short |
| BingX S-USDT | −0.103% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Gate S_USDT | −0.077% | +0.0100% | 4h | $324K | $375K | 50x | as long as short |
| KuCoin SUSDTM | −0.077% | +0.0100% | 4h | $1.8M | $3.8M | 50x | as long as short |
| Extended S-USD | −0.056% | +0.0104% | 1h | $219K | $947K | 10x | as long as short |
| MEXC S_USDT | −0.051% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin S-USDT | −0.051% | +0.0340% | 4h | $285K | $264K | 75x | as long as short |
| Reya SRUSDPERP | −0.042% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Aster SUSDT | −0.040% | −0.0108% | 4h | $42K | $263K | 10x | as long as short |
| Binance SUSDT | −0.040% | +0.0100% | 4h | $5.3M | $40.5M | 75x | as long as short |
| Bitget SUSDT | −0.026% | +0.0100% | 4h | $1.1M | $4.7M | 50x | as long as short |
| Hyperliquid S | −0.015% | +0.0100% | 1h | $1.0M | $1.5M | 5x | as long as short |
| Lighter Slong | 0.000% | +0.0096% | 1h | $163K | $325K | 5x | |
| Kraken Futures PF_SUSD | +0.008% | −0.2940% | 1h | $33K | $48K | 10x | as long as short |
| 01 Exchange SUSD | +0.026% | −1.0736% | 1h | $23K | $3K | 5x | as long as short |
| Backpack S_USDC_PERP | +0.026% | +0.0100% | 1h | $113K | $231K | 5x | as long as short |
| Orderly PERP_S_USDC | +0.026% | −0.0127% | 4h | $103K | $329K | 10x | as long as short |
| gTrade (Gains Network) S/USD | +0.089% | L +0.0001% / S +0.0006% | 1h | $600 | — | 150x | as long as short |
| GMX S/USD [WBTC.b-USDC]short | +0.100% | L −0.0375% / S +0.0347% | 1h | $1K | — | 100x | |
| Deribit S_USDC-PERPETUAL | +0.129% | +0.0521% | 1h | $65K | $11K | 10x | as long as short |
| Injective S/USDC PERP | +5.426% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |