Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.023%
Price spread now: QFEX against Lighter+0.077%52s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.221% of the position
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.077%, 7d avg −0.010%
=Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: QFEX is 0.087% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 959.32 | 0.0032 | pay 0.0004% / 1h | 39m 42s | $27K | $101K | 10x |
| Short | QFEX LITE-USD | 960.06 | 0.0028 | get 0.0003% / 1h | 39m 42s | $1.1M | $5.1M | 10x |
Lighter LITE
QFEX LITE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$0.94
- Price spread: +0.077% → −0.010%
- $8.73
- Slippage, 4 orders
- −$12.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$14.29
- Costs to cover
- 0.221%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; QFEX: live order book, 4 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, 10 min ago | 1.09 bp | 2.1 bp −$2 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.20 bp | 8.4 bp −$8 | 13.6 bp −$136 | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0232% | 1h | 965.50 | +0.644% | $111K | $195K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 960.82 | +0.156% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 959.49 | +0.018% | $1.9M | $1.6M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 959.33 | +0.001% | $3.8M | $17.8M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 960.17 | +0.089% | $8.1M | $5.9M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 959.20 | −0.013% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 962.12 | +0.292% | $327 | $194K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 960.20 | +0.092% | $614 | $3.9M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | 0.0000% | 1h | 960.26 | +0.098% | $19K | $37K | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 960.05 | +0.076% | $7K | $32K | 20x | as long as short |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
Deribit LITE_USDC-PERPETUAL
HTX LITE-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex LITEUSDT | 0.0000% | 8h | 960.74 | +0.148% | $1.5M | $683K | 10x | as long as short |
| BloFin LITE-USDT | +0.0023% | 8h | 962.75 | +0.358% | $227K | $236K | 20x | as long as short |
| QFEX LITE-USDshort | +0.0028% | 1h | 960.06 | +0.077% | $1.1M | $5.1M | 10x | |
| Lighter LITElong | +0.0032% | 1h | 959.32 | long leg | $27K | $101K | 10x | |
| Vest LITE-USD-PERP | +0.0046% | 1h | 959.60 | +0.029% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 960.46 | +0.119% | $75K | $228K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 960.21 | +0.093% | $23K | $10K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 960.05 | +0.076% | $168K | $165K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 959.40 | +0.008% | $519K | $39K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 960.54 | +0.127% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 960.36 | +0.108% | $933 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 960.35 | +0.107% | — | — | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0199% | 1h | 959.38 | +0.006% | $7.3M | $5.1M | 10x | as long as short |
| Variational Omni LITE | +0.0207% | 8h | 960.81 | +0.155% | $241K | $122K | — | as long as short |
| Binance LITEUSDT | +0.0319% | 8h | 959.44 | +0.012% | $13.8M | $44.1M | 25x | as long as short |
| Extended LITE-USD | +0.0320% | 1h | 959.23 | −0.009% | $10K | $202K | 10x | as long as short |
| edgeX LITEUSDC | +0.0577% | 4h | 961.26 | +0.202% | $71K | $453K | 10x | as long as short |
Phemex LITEUSDT
BloFin LITE-USDT
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
tradeXYZ xyz:LITE
Variational Omni LITE
Binance LITEUSDT
Extended LITE-USD
edgeX LITEUSDC