S

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2400%/8h= −262.8% APRnext payment −$3.00 per $10,000 · paid last 24h −2.171%

Price spread now: 01 Exchange against Lighter−1.768%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 −$72 a day on $10k at the current rate, and 01 Exchange is 1.768% cheaper against Lighter than usual: you would sell low and buy high (−$177 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	0.04469	0.0096	pay 0.0012% / 1h	22m 04s	$191K	$100K	5x
Short	01 Exchange SUSD	0.04390	−0.2304	pay 0.0288% / 1h	22m 04s	$26K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.768%Rate

Funding earned: −$504
Price spread: −1.768% → 0.000%: −$176.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$687.77
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 58 min ago; 01 Exchange: 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, 58 min ago	16.64 bp	17.0 bp −$17	76.0 bp −$760	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.2541%	1h	0.04466	−0.066%	$38K	$20K	10x	as long as short
01 Exchange SUSDshort	−0.2304%	1h	0.04390	−1.768%	$26K	$3K	5x
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−3.603%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04460	−0.208%	$2K	—	100x	as long as short
Variational Omni S	−0.0102%	4h	0.04403	−1.474%	$682K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04461	−0.189%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04473	+0.090%	$75K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04472	+0.069%	$688	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−8.257%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04469	0.000%	$111K	$639K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter Slong	+0.0096%	1h	0.04469	long leg	$191K	$100K	5x
Hyperliquid S	+0.0100%	1h	0.04468	−0.020%	$1.1M	$737K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04467	−0.037%	$49K	$185K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04470	+0.012%	$6.7M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04462	−0.157%	$6.4M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04467	−0.045%	$1.3M	$5.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04465	−0.090%	$381K	$232K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04467	−0.045%	$4.7M	$2.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04469	0.000%	$2.1M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04471	+0.045%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04466	−0.067%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04380	−1.991%	$25K	$514K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04465	−0.092%	$247K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04461	−0.179%	$314K	$121K	75x	as long as short
Backpack S_USDC_PERP	+0.0710%	1h	0.04480	+0.246%	$105K	$474K	5x	as long as short