Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against QFEX−0.015%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 4 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.015%, 7d avg −0.041%
=Together, before fees−0.190%+ Points / potential airdropLighter RH: Points live · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.026% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BE-USD | 274.76 | 0.0036 | pay 0.0005% / 1h | 43m 34s | $1.3M | $2.7M | 10x |
| Short | Lighter RH BE | 274.72 | 0.0032 | get 0.0004% / 1h | 43m 34s | $251K | $290K | 10x |
QFEX BE-USD
Lighter RH BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$0.84
- Price spread: −0.015% → −0.041%
- $2.63
- Slippage, 4 orders
- −$20.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$28.37
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 9 min ago; Lighter RH: live order book, 8 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, 9 min ago | 2.37 bp | 9.2 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 8 min ago | 5.83 bp | 6.6 bp −$7 | 16.8 bp −$168 | doesn't fit | doesn't fit |
BE on 21 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 | 274.62 | −0.050% | $346K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.50 | −0.095% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.66 | −0.036% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.85 | +0.033% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.78 | +0.007% | $1K | $2.4M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 274.71 | −0.018% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.91 | +0.055% | $13K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.70 | −0.022% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 274.72 | −0.015% | $251K | $290K | 10x | |
| Extended BE-USD | +0.0032% | 1h | 274.71 | −0.017% | $46K | $260K | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Lighter BE
Extended BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BEUSDT | +0.0034% | 8h | 274.74 | −0.007% | $8.5M | $36.6M | 25x | as long as short |
| QFEX BE-USDlong | +0.0036% | 1h | 274.76 | long leg | $1.3M | $2.7M | 10x | |
| Bybit BEUSDT | +0.0039% | 8h | 274.75 | −0.004% | $2.0M | $1.1M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.56 | −0.073% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.83 | +0.025% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.69 | −0.025% | $5.9M | $2.6M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.08 | −0.611% | $473K | $128K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.73 | −0.011% | $371K | $19K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.71 | −0.017% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0131% | 8h | 274.70 | −0.022% | $2.7M | $6.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0143% | 8h | 274.76 | 0.000% | $45K | $142K | 20x | as long as short |
Binance BEUSDT
Bybit BEUSDT
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
OKX BE-USDT-SWAP
BloFin BE-USDT