Funding you earn now, next payment 22:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.078%
Price spread now: Lighter against Coinbase International+0.381%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days+0.289%+$29 on $10k
+Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.381%, 7d avg −0.004%
=Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.385% dearer against Coinbase International than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.1940 | −0.0128 | get 0.0016% / 1h | 55m 23s | $184K | $1.8M | 50x |
| Short | Lighter DOT | 1.1986 | 0.0096 | get 0.0012% / 1h | 55m 23s | $251K | $593K | 10x |
Coinbase International DOT-PERP-INTX
Lighter DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $47.04
- Price spread: +0.381% → −0.004%
- $38.5
- Slippage, 4 orders
- −$31.39
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $44.15
- Costs to cover
- 0.414%
- Break-even
- 0.4 days
Slippage from Coinbase International: live order book, 3 min ago; Lighter: live order book, 20 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 Coinbase International live order book, 3 min ago | 4.21 bp | 17.5 bp −$18 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 20 min ago | 2.80 bp | 8.3 bp −$8 | 18.8 bp −$188 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.0500% | 1h | 1.1997 | +0.477% | $219K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1980 | +0.332% | $259 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0128% | 1h | 1.1940 | long leg | $184K | $1.8M | 50x | |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1989 | +0.410% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.670% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0024% | 8h | 1.1980 | +0.335% | $9.4M | $23.5M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1969 | +0.242% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1987 | +0.395% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0018% | 8h | 1.1985 | +0.377% | $6.8M | $8.7M | 75x | as long as short |
| Extended DOT-USD | +0.0048% | 1h | 1.1980 | +0.336% | $15K | $235K | 25x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0050% | 8h | 1.1982 | +0.352% | $36.1M | $35.7M | 300x | as long as short |
| Binance DOTUSDT | +0.0052% | 8h | 1.1982 | +0.348% | $44.1M | $80.7M | 75x | as long as short |
| Lighter DOTshort | +0.0096% | 1h | 1.1986 | +0.381% | $251K | $593K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1994 | +0.452% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1971 | +0.259% | $889K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1983 | +0.360% | $24.5M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1980 | +0.335% | $6.8M | $11.3M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1990 | +0.419% | $22.9M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1982 | +0.352% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1968 | +0.235% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1951 | +0.096% | $543K | $69K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1893 | −0.391% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1911 | −0.242% | $231K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1980 | +0.335% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2003 | +0.528% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1963 | +0.193% | $247K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0172% | 8h | 1.1980 | +0.335% | $2.2M | $766K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1990 | +0.416% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0349% | 8h | 1.2000 | +0.503% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Binance DOTUSDT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT