EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.010%

Price spread now: Bybit against Lighter−0.088%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.364% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.088%, 7d avg −0.083%

Together, before fees−0.190%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1483	0.0056	pay 0.0007% / 1h	35m 17s	$2.1M	$435K	50x
Short	Bybit EURUSDUSDT	1.1473	0	get 0.0000% / 8h	4h 35m	$584K	$223K	100x

Funding history

latest

Range statsloading…

Bybit against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.088%Rate

Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 15 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 6 min ago	1.44 bp	3.6 bp −$4	10.5 bp −$105	67.7 bp −$6,773	doesn't fit
Sell Bybit live order book, 15 min ago	4.49 bp	10.0 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit

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 EUR_USDT	−0.0158%	4h	1.1475	−0.069%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1468	−0.127%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0032%	1h	1.1471	−0.104%	$163K	$8.2M	30x	as long as short
Nado EURUSD-PERP	−0.0004%	1h	1.1475	−0.071%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1473	−0.088%	$584K	$223K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1475	−0.069%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1474	−0.078%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1472	−0.095%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	−0.060%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1494	+0.097%	$13K	$261K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1472	−0.096%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.144%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1504	+0.181%	—	$264K	100x	as long as short
Lighter EURUSDlong	+0.0056%	1h	1.1483	long leg	$2.1M	$435K	50x
Pacifica EURUSD	+0.0100%	1h	1.1474	−0.078%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1479	−0.034%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0132%	1h	1.1477	−0.051%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1478	−0.043%	$33K	—	50x	as long as short