Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter−0.068%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.068%, 7d avg −0.089%
=Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.021% dearer against Lighter than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.089%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.031% in total) that is about 4.8 days.
| 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 | 36m 49s | $2.1M | $435K | 50x |
| Short | Gate EURUSD_USDT | 1.1475 | 0 | get 0.0000% / 8h | 4h 36m | $144K | $5K | 100x |
Lighter EURUSD
Gate EURUSD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$11.76
- Price spread: −0.068% → −0.089%
- $2.1
- Slippage, 4 orders
- −$39.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$63.81
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Gate: live order book, 14 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 Lighter live order book, 5 min ago | 1.44 bp | 3.6 bp −$4 | 10.5 bp −$105 | 67.7 bp −$6,773 | doesn't fit |
| Sell Gate live order book, 14 min ago | 8.28 bp | 21.4 bp −$21 | 190.0 bp −$1,900 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0164% | 4h | 1.1474 | −0.077% | $6.8M | $134K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0062% | 1h | 1.1468 | −0.126% | $3K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | −0.0032% | 1h | 1.1470 | −0.109% | $161K | $8.2M | 30x | as long as short |
| Nado EURUSD-PERP | −0.0003% | 1h | 1.1474 | −0.078% | $467K | $153K | 40x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.089% | $584K | $223K | 100x | as long as short |
| Gate EURUSD_USDTshort | 0.0000% | 8h | 1.1475 | −0.068% | $144K | $5K | 100x | |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1474 | −0.077% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1472 | −0.094% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | −0.059% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1470 | −0.111% | $13K | $261K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Hibachi EUR/USDT-P
Nado EURUSD-PERP
Bybit EURUSDUSDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow 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 | −0.095% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0039% | 1h | 1.1466 | −0.143% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1503 | +0.174% | — | $264K | 100x | as long as short |
| Lighter EURUSDlong | +0.0056% | 1h | 1.1483 | long leg | $2.1M | $435K | 50x | |
| Hotstuff EURUSD-PERP | +0.0064% | 1h | 1.1477 | −0.051% | $33K | — | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1474 | −0.077% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1479 | −0.037% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EUR | +0.0135% | 1h | 1.1478 | −0.042% | $23.3M | $1.8M | 50x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Hotstuff EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
tradeXYZ xyz:EUR