Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.089%
Price spread now: Orderly against Lighter−0.153%7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.153%, 7d avg −0.038%
=Together, before fees+0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.115% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
| 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 | 4m 35s | $164K | $240K | 5x |
| Short | Orderly PERP_S_USDC | 0.03908 | 0.0002 | get 0.0001% / 4h | 2h 04m | $99K | $346K | 10x |
Lighter S
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. 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
- −$19.77
- Price spread: −0.153% → −0.038%
- −$11.5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$37.27
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 9 min ago; Orderly: 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, 9 min ago | 15.24 bp | 20.0 bp −$20 | 92.2 bp −$922 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1461% | 1h | 0.03905 | −0.217% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.248% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0823% | 4h | 0.03900 | −0.349% | $607K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0192% / S +0.0185% | 1h | 0.03911 | −0.082% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03905 | −0.228% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03911 | −0.088% | $603 | — | 150x | as long as short |
| Orderly PERP_S_USDCshort | +0.0002% | 4h | 0.03908 | −0.153% | $99K | $346K | 10x | |
| Deribit S_USDC-PERPETUAL | +0.0006% | 1h | 0.03913 | −0.026% | $66K | $10K | 10x | as long as short |
| Aster SUSDT | +0.0021% | 4h | 0.03911 | −0.074% | $43K | $212K | 10x | as long as short |
| 01 Exchange SUSD | +0.0032% | 1h | 0.03910 | −0.102% | $24K | $3K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Aster SUSDT
01 Exchange SUSDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.752% | $2K | $37K | 12x | as long as short |
| Lighter Slong | +0.0096% | 1h | 0.03914 | long leg | $164K | $240K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.03911 | −0.084% | $982K | $877K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03910 | −0.102% | $5.3M | $23.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03906 | −0.204% | $5.6M | $6.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03906 | −0.204% | $974K | $7.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03905 | −0.230% | $319K | $293K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03909 | −0.128% | $3.4M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03906 | −0.204% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03911 | −0.077% | $1.2M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03909 | −0.128% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −0.102% | $23K | $470K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03907 | −0.171% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03904 | −0.255% | $267K | $146K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0541% | 1h | 0.03920 | +0.153% | $114K | $298K | 5x | as long as short |
Injective S/USDC PERP
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP