Funding you earn now, next payment 08:00 UTC−0.2543%/8h= −278.4% APRnext payment −$3.18 per $10,000 · paid last 24h −0.367%
Price spread now: Lighter against Paragon−0.441%7-day average +0.573% · you buy dearer than you sell
Net, funding: paid 7d − costs−$707as in the Funding arb table
Net, price: spread back to 7d avg − costs−$744as 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)+0.826%+$83 · spread now −0.441%, 7d avg +0.573%
=Together, before fees+0.184%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and Lighter is 1.014% cheaper against Paragon than usual: you would sell low and buy high (−$101 if the spread goes back to its 7-day average of +0.573%). Swap the legs.
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 −$3.18 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 | Paragon para:ANSEM | 0.1800 | 0.2639 | pay 0.0330% / 1h | 34m 30s | $1.6M | $1.4M | 3x |
| Short | Lighter ANSEM | 0.1792 | 0.0096 | get 0.0012% / 1h | 34m 30s | $340K | $368K | 3x |
Paragon para:ANSEM
Lighter ANSEMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paragon. 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
- −$533.93
- Price spread: −0.441% → +0.573%
- −$101.38
- Slippage, 4 orders
- −$632.93
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1,278.23
- Costs to cover
- 6.429%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 3 min ago; Lighter: live order book, 51 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 Paragon live order book, 3 min ago | 53.35 bp | 119.7 bp −$120 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 65.14 bp | 290.3 bp −$290 | 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 | 0.1765 | −1.941% | $929K | $448K | 20x | as long as short |
| BingX ANSEM-USDT | −0.0170% | 4h | 0.1769 | −1.718% | — | $734K | — | as long as short |
| Lighter ANSEMshort | +0.0096% | 1h | 0.1792 | −0.441% | $340K | $368K | 3x | |
| Lighter RH ANSEM | +0.0096% | 1h | 0.1781 | −1.074% | $51K | $267K | 3x | as long as short |
| Aster ANSEMUSDT | +0.0100% | 1h | 0.1788 | −0.656% | $256K | $457K | 10x | as long as short |
| Gate ANSEM_USDT | +0.0100% | 4h | 0.1791 | −0.496% | $42K | $87K | 10x | as long as short |
| Phoenix ANSEM | +0.0401% | 1h | 0.1803 | +0.176% | $78K | $41K | 3x | as long as short |
| Paragon para:ANSEMlong | +0.2639% | 1h | 0.1800 | long leg | $1.6M | $1.4M | 3x |
MEXC ANSEM_USDT
BingX ANSEM-USDT
Lighter RH ANSEM
Aster ANSEMUSDT
Gate ANSEM_USDT
Phoenix ANSEM