Funding you earn now, next payment 20:00 UTC−0.0389%/8hpaid last 24h −0.118%
Price spread now: Lighter against Binance+0.173%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days−0.162%−$16 · spread now +0.173%, 7d avg −0.028%
=Together, before fees−0.260%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.201% dearer against Binance than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.028%): +$20 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.099% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USELESSUSDT | 0.2828 | 0.0485 | pay 0.0243% / 4h | 6m 21s | $24.5M | $104.0M | 50x |
| Short | Lighter USELESS | 0.2833 | 0.0096 | get 0.0012% / 1h | 6m 21s | $1.3M | $1.0M | 3x |
Binance USELESSUSDT
Lighter USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$81.71
- Price spread: +0.173% → −0.028%
- $20.08
- Slippage, 4 orders
- −$72.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$143.94
- Costs to cover
- 0.823%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 4 min ago.
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 Binance live order book, 11 min ago | 0.18 bp | 13.1 bp −$13 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.13 bp | 30.5 bp −$31 | 105.9 bp −$1,059 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2833 | +0.173% | $1.3M | $1.0M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2831 | +0.110% | $31K | $74K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2825 | −0.099% | $9.8M | $61.5M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2825 | −0.124% | $6.9M | $7.4M | 50x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2827 | −0.057% | $5.1M | $8.9M | 12x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2829 | +0.035% | $27K | $117K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2827 | −0.032% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2823 | −0.194% | $19K | $363K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2821 | −0.237% | $546K | $1.3M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0101% | 1h | 0.2821 | −0.251% | $33K | $692K | 25x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
KuCoin USELESSUSDTM
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2821 | −0.261% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0428% | 4h | 0.2830 | +0.060% | $5.4M | $8.2M | 20x | as long as short |
| Variational Omni USELESS | +0.0460% | 4h | 0.2826 | −0.084% | $1.2M | $1.6M | — | as long as short |
| BingX USELESS-USDT | +0.0466% | 4h | 0.2828 | 0.000% | — | $4.7M | — | as long as short |
| MEXC USELESS_USDT | +0.0484% | 4h | 0.2829 | +0.032% | $20.1M | $5.5M | 50x | as long as short |
| Binance USELESSUSDTlong | +0.0485% | 4h | 0.2828 | long leg | $24.5M | $104.0M | 50x | |
| Extended USELESS-USD | +0.0488% | 1h | 0.2828 | −0.013% | $298K | $970K | 5x | as long as short |
| edgeX USELESSUSDC | +0.0490% | 4h | 0.2823 | −0.179% | $21K | $188K | 10x | as long as short |
| Bybit USELESSUSDT | +0.0503% | 4h | 0.2830 | +0.060% | $28.3M | $40.8M | 13x | as long as short |
| BloFin USELESS-USDT | +0.0690% | 4h | 0.2835 | +0.251% | $1.2M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.0976% | 4h | 0.2827 | −0.028% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1026% | 4h | 0.2829 | +0.021% | $650K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1247% | 1h | 0.2833 | +0.184% | $14.1M | $18.9M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.4654% | 1h | 0.2981 | +5.417% | $5K | $14K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
MEXC USELESS_USDT
Extended USELESS-USD
edgeX USELESSUSDC
Bybit USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
Hyperliquid USELESS
Injective USELESS/USDC PERP