EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: Hibachi against Lighter−0.098%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Lighter Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.098%, 7d avg −0.065%

Together, before fees+0.383%+ Points / potential airdropLighter: Season 3 · Hibachi: Active · farm board+$38 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: Hibachi is 0.033% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1482	0.0192	pay 0.0024% / 1h	23m 08s	$2.1M	$444K	50x
Short	Hibachi EUR/USDT-P	1.1470	0.0184	get 0.0023% / 1h	23m 08s	$162K	$8.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee HibachibpOrdersPrice spread, now −0.098%Rate

Funding earned: −$1.68
Price spread: −0.098% → −0.065%: −$3.29
Slippage, 4 orders: −$5.84
Fee Lighter: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$19.8
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Hibachi: live order book, 1 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, 4 min ago	1.39 bp	3.7 bp −$4	11.9 bp −$119	68.8 bp −$6,875	doesn't fit
Sell Hibachi live order book, 1 min ago	0.04 bp	4.5 bp −$5	15.2 bp −$152	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	−0.0162%	4h	1.1473	−0.074%	$6.8M	$137K	100x	as long as short
Nado EURUSD-PERP	−0.0003%	1h	1.1473	−0.075%	$467K	$154K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.078%	$584K	$281K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	−0.074%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1473	−0.074%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.109%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	−0.048%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1478	−0.030%	$13K	$259K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1470	−0.104%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.132%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.174%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	−0.083%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	−0.037%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1468	−0.122%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0184%	1h	1.1477	−0.039%	$33K	—	50x	as long as short
Hibachi EUR/USDT-Pshort	+0.0184%	1h	1.1470	−0.098%	$162K	$8.3M	30x
Lighter EURUSDlong	+0.0192%	1h	1.1482	long leg	$2.1M	$444K	50x
tradeXYZ xyz:EUR	+0.0211%	1h	1.1476	−0.048%	$23.3M	$1.8M	50x	as long as short