Funding you earn now, next payment 08:00 UTC+0.2511%/8h= +274.9% APRnext payment +$3.14 per $10,000 · paid last 24h +0.367%
Price spread now: Paragon against Lighter+0.264%7-day average −0.573% · you sell dearer than you buy
Net, funding: paid 7d − costs−$579as in the Funding arb table
Net, price: spread back to 7d avg − costs−$559as in the Price arb table
costs, in and out, $10k−$6436.429% of the position
Funding, last 7 days+0.642%+$64 on $10k
+Price spread, last 4 days (all we have)−0.650%−$65 · spread now +0.264%, 7d avg −0.573%
=Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and Paragon is 0.837% dearer against Lighter than usual: you sell high and buy low: +$84 more if the spread goes back to its 7-day average of −0.573%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.642% in total (about 33.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.14 per $10,000. 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 | Lighter ANSEM | 0.1795 | 0.0096 | pay 0.0012% / 1h | 34m 56s | $340K | $368K | 3x |
| Short | Paragon para:ANSEM | 0.1799 | 0.2607 | get 0.0326% / 1h | 34m 56s | $1.6M | $1.4M | 3x |
Lighter ANSEM
Paragon para:ANSEMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $527.28
- Price spread: +0.264% → −0.573%
- $83.74
- Slippage, 4 orders
- −$632.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$31.91
- Costs to cover
- 6.429%
- Break-even
- 7.4 days
Slippage from Lighter: live order book, 50 min ago; Paragon: live order book, 2 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 Lighter live order book, 50 min ago | 65.14 bp | 129.3 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 2 min ago | 53.35 bp | 103.7 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
ANSEM on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC ANSEM_USDT | −0.0244% | 4h | 0.1769 | −1.427% | $931K | $448K | 20x | as long as short |
| BingX ANSEM-USDT | −0.0170% | 4h | 0.1769 | −1.427% | — | $734K | — | as long as short |
| Lighter ANSEMlong | +0.0096% | 1h | 0.1795 | long leg | $340K | $368K | 3x | |
| Lighter RH ANSEM | +0.0096% | 1h | 0.1780 | −0.819% | $51K | $267K | 3x | as long as short |
| Aster ANSEMUSDT | +0.0100% | 1h | 0.1790 | −0.233% | $257K | $457K | 10x | as long as short |
| Gate ANSEM_USDT | +0.0100% | 4h | 0.1791 | −0.201% | $42K | $87K | 10x | as long as short |
| Phoenix ANSEM | +0.0401% | 1h | 0.1803 | +0.474% | $78K | $41K | 3x | as long as short |
| Paragon para:ANSEMshort | +0.2607% | 1h | 0.1799 | +0.264% | $1.6M | $1.4M | 3x |
MEXC ANSEM_USDT
BingX ANSEM-USDT
Lighter RH ANSEM
Aster ANSEMUSDT
Gate ANSEM_USDT
Phoenix ANSEM