Funding you earn now, next payment 07:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget+0.026%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.026%, 7d avg +0.156%
=Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.130% cheaper against Bitget than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.156%). If the spread goes back, that is −$13 on $10k: about 42 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.031% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment. 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 | Bitget EURUSDUSDT | 1.1477 | 0 | get 0.0000% / 8h | 1h 43m | $261K | $25K | 100x |
| Short | Lighter EURUSD | 1.1480 | 0.0248 | get 0.0031% / 1h | 43m 52s | $2.2M | $407K | 50x |
Bitget EURUSDUSDT
Lighter EURUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $52.08
- Price spread: +0.026% → +0.156%
- −$13
- Slippage, 4 orders
- −$8.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $18.39
- Costs to cover
- 0.207%
- Break-even
- 4.5 days
Slippage from Bitget: live order book, 56 min ago; Lighter: live order book, 3 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 Bitget live order book, 56 min ago | 1.31 bp | 7.5 bp −$8 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.04 bp | 5.5 bp −$5 | 10.0 bp −$100 | 47.5 bp −$4,752 | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_EURUSD | −0.0228% | 1h | 1.1465 | −0.103% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0186% | 4h | 1.1470 | −0.061% | $6.8M | $134K | 100x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1487 | +0.086% | $579K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1478 | +0.009% | $144K | $6K | 100x | as long as short |
| Bitget EURUSDUSDTlong | 0.0000% | 8h | 1.1477 | long leg | $261K | $25K | 100x | |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1466 | −0.096% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1474 | −0.026% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1477 | 0.000% | $13K | $265K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1464 | −0.111% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.092% | $9K | $78K | 101x | as long as short |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1497 | +0.171% | — | $241K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1469 | −0.070% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1478 | +0.010% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0110% | 1h | 1.1467 | −0.091% | $467K | $154K | 40x | as long as short |
| tradeXYZ xyz:EUR | +0.0218% | 1h | 1.1475 | −0.017% | $23.2M | $1.6M | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0232% | 1h | 1.1467 | −0.091% | $187K | $8.3M | 30x | as long as short |
| Lighter EURUSDshort | +0.0248% | 1h | 1.1480 | +0.026% | $2.2M | $407K | 50x | |
| Hotstuff EURUSD-PERP | +0.0280% | 1h | 1.1473 | −0.035% | $33K | — | 50x | as long as short |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
tradeXYZ xyz:EUR
Hibachi EUR/USDT-P
Hotstuff EURUSD-PERP