Funding you earn now, next payment 00:00 UTC+0.0927%/8h= +101.5% APRnext payment +$1.16 per $10,000 · paid last 24h +0.050%
Price spread now: Lighter against QFEX+0.151%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$790.791% of the position
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.151%, 7d avg +0.059%
=Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Lighter is 0.092% dearer against QFEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.059%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 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 | QFEX BB-USD | 8.5600 | 0.0025 | pay 0.0003% / 1h | 43m 33s | $1.1M | $272K | 10x |
| Short | Lighter BB | 8.5729 | 0.0952 | get 0.0119% / 1h | 43m 33s | $188K | $141K | 10x |
QFEX BB-USD
Lighter BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $194.63
- Price spread: +0.151% → +0.059%
- $9.21
- Slippage, 4 orders
- −$69.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $124.75
- Costs to cover
- 0.791%
- Break-even
- 2.5 days
Slippage from QFEX: live order book, 2 min ago; Lighter: live order book, 17 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 QFEX live order book, 2 min ago | 11.68 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 17 min ago | 17.66 bp | 17.7 bp −$18 | 26.8 bp −$268 | 71.5 bp −$7,149 | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5520 | −0.093% | $49K | $26K | 20x | as long as short |
| QFEX BB-USDlong | +0.0025% | 1h | 8.5600 | long leg | $1.1M | $272K | 10x | |
| OKX BB-USDT-SWAP | +0.0038% | 8h | 8.5720 | +0.140% | $210K | $488K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | +0.117% | — | $729 | 10x | as long as short |
| MEXC BBSTOCK_USDT | +0.0078% | 8h | 8.5400 | −0.234% | $310K | $106K | 50x | as long as short |
| Ondo Perps BB-USD.P | +0.0326% | 1h | 8.5540 | −0.070% | $458K | $445K | 10x | as long as short |
| tradeXYZ xyz:BB | +0.0440% | 1h | 8.5574 | −0.030% | $10.6M | $3.2M | 10x | as long as short |
| Extended BB-USD | +0.0448% | 1h | 8.5570 | −0.035% | $9K | $21K | 10x | as long as short |
| Lighter BBshort | +0.0952% | 1h | 8.5729 | +0.151% | $188K | $141K | 10x |
Bitget BBSTOCKUSDT
OKX BB-USDT-SWAP
Vest BB-USD-PERP
MEXC BBSTOCK_USDT
Ondo Perps BB-USD.P
tradeXYZ xyz:BB
Extended BB-USD