Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h —
Price spread now: Binance against Lighter+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—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 +$3 a day on $10k at the current rate, and Binance is 0.025% dearer against Lighter than usual: you sell high and buy low: +$3 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 | Lighter BE | 274.39 | 0.0032 | pay 0.0004% / 1h | 19m 29s | — | — | 10x |
| Short | Binance BEUSDT | 274.46 | 0.0130 | get 0.0130% / 8h | 6h 19m | $8.4M | $36.2M | 25x |
Lighter BE
Binance BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $20.54
- Price spread: +0.025% → 0.000%
- $2.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $13.09
- Costs to cover
- 0.100%
- Break-even
- 2.5 days
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 7 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.91 bp | 9.2 bp −$9 | 25.6 bp −$256 | 89.7 bp −$8,975 | doesn't fit |
Lighter: 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.
BE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.32 | −0.027% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.56 | +0.062% | $2.0M | $1.1M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.30 | −0.033% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.40 | +0.004% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.39 | −0.001% | $7K | $168K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.48 | +0.033% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.46 | +0.026% | $13K | $34K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0005% | 1h | 274.45 | +0.022% | $7K | $4K | 10x | as long as short |
| QFEX BE-USD | +0.0026% | 1h | 274.41 | +0.007% | $1.3M | $3.2M | 10x | as long as short |
| Lighter BElong | +0.0032% | 1h | 274.39 | long leg | — | — | 10x |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Deribit BE_USDC-PERPETUAL
QFEX BE-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 274.45 | +0.022% | $251K | $290K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.14 | −0.091% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.49 | +0.036% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.29 | −0.036% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.43 | +0.015% | $371K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.47 | +0.028% | — | — | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0112% | 1h | 273.08 | −0.477% | $473K | $131K | 10x | as long as short |
| Extended BE-USD | +0.0128% | 1h | 274.40 | +0.003% | $47K | $262K | 10x | as long as short |
| Binance BEUSDTshort | +0.0130% | 8h | 274.46 | +0.025% | $8.4M | $36.2M | 25x | |
| OKX BE-USDT-SWAP | +0.0192% | 8h | 274.57 | +0.066% | $2.6M | $6.8M | 25x | as long as short |
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
Coinbase International BE-PERP-INTX
Extended BE-USD
OKX BE-USDT-SWAP