Funding you earn now, next payment 02:00 UTC+0.9096%/8h= +996.0% APRnext payment +$11.37 per $10,000 · paid last 24h +2.191%
Price spread now: Lighter against 01 Exchange+5.313%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$273 a day on $10k at the current rate, and Lighter is 5.313% dearer against 01 Exchange than usual: you sell high and buy low: +$531 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange SUSD | 0.03840 | −0.9000 | get 0.1125% / 1h | 43m 30s | $24K | $2K | 5x |
| Short | Lighter S | 0.04044 | 0.0096 | get 0.0012% / 1h | 43m 30s | $166K | $165K | 5x |
01 Exchange SUSD
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- $1,910.16
- Price spread: +5.313% → 0.000%
- $531.25
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $2,434.41
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 6 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 6.21 bp | 16.0 bp −$16 | 84.3 bp −$843 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSDlong | −0.9000% | 1h | 0.03840 | long leg | $24K | $2K | 5x | |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.03946 | +2.760% | $49K | $5K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1255% | 1h | 0.04036 | +5.108% | $34K | $23K | 10x | as long as short |
| Variational Omni S | −0.0553% | 4h | 0.04015 | +4.567% | $624K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04037 | +5.122% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04037 | +5.127% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04040 | +5.221% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +6.771% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0040% | 4h | 0.04038 | +5.156% | $102K | $326K | 10x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.04044 | +5.313% | $166K | $165K | 5x |
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04040 | +5.201% | $1.0M | $611K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04042 | +5.259% | $44K | $137K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04040 | +5.204% | $5.5M | $15.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04033 | +5.026% | $5.8M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04038 | +5.156% | $1.0M | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04036 | +5.104% | $332K | $199K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04044 | +5.313% | $3.8M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04040 | +5.208% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04041 | +5.234% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04037 | +5.130% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04020 | +4.688% | $26K | $447K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04037 | +5.130% | $226K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | +4.792% | $272K | $122K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0875% | 1h | 0.04040 | +5.208% | $119K | $335K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0988% | 1h | 0.04043 | +5.286% | $68K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
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
Deribit S_USDC-PERPETUAL