Funding you earn now, next payment 23:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.047%
Price spread now: Coinbase International against Lighter+0.082%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−1.104%−$110 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.082%, 7d avg +0.013%
=Together, before fees−1.204%+ Points / potential airdropLighter: Season 3 · farm board−$120 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.069% dearer against Lighter than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.013%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−1.104% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7890 | 0.0096 | pay 0.0012% / 1h | 57m 18s | $60.3M | $29.6M | 5x |
| Short | Coinbase International LIT-PERP-INTX | 4.7929 | −0.0120 | pay 0.0015% / 1h | 57m 18s | $678K | $405K | 50x |
Lighter LIT
Coinbase International LIT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$45.36
- Price spread: +0.082% → +0.013%
- $6.93
- Slippage, 4 orders
- −$31.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$80.23
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 21 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, 7 min ago | 0.10 bp | 7.0 bp −$7 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 10.26 bp | 17.7 bp −$18 | 44.7 bp −$447 | doesn't fit | doesn't fit |
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1068% | 4h | 4.7800 | −0.188% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0828% | 1h | 4.7823 | −0.140% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0624% | 4h | 4.7772 | −0.246% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0493% | 4h | 4.7800 | −0.188% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0459% | 4h | 4.7827 | −0.132% | $26.0M | $64.1M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0400% | 1h | 4.7714 | −0.368% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0356% | 1h | 4.7825 | −0.136% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0242% | 4h | 4.7804 | −0.180% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0205% | 4h | 4.7830 | −0.125% | $43.1M | $30.0M | 75x | as long as short |
| Aftermath Perps LITUSD | −0.0151% | 1h | 4.7695 | −0.406% | $13K | $203K | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Phemex LITUSDT
OKX LIT-USDT-SWAP
01 Exchange LITUSD
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Aftermath Perps LITUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0120% | 4h | 4.7610 | −0.585% | $907K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTXshort | −0.0120% | 1h | 4.7929 | +0.082% | $678K | $405K | 50x | |
| Phoenix LIT | −0.0034% | 1h | 4.7829 | −0.127% | $208K | $353K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7783 | −0.223% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7831 | −0.122% | $32K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7870 | −0.042% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0005% | 8h | 4.7723 | −0.349% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7785 | −0.219% | $819K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.313% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0060% | 4h | 4.7770 | −0.251% | $5.7M | $4.1M | 100x | as long as short |
| edgeX LITUSDC | +0.0061% | 4h | 4.7594 | −0.619% | $290K | $309K | 10x | as long as short |
| Binance LITUSDT | +0.0062% | 4h | 4.7821 | −0.144% | $76.1M | $81.2M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7815 | −0.157% | $150K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7890 | long leg | $60.3M | $29.6M | 5x | |
| Nado LIT-PERP | +0.0100% | 1h | 4.7799 | −0.189% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7890 | 0.000% | $12.8M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7773 | −0.244% | $619K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7755 | −0.282% | $119K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7566 | −0.677% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7840 | −0.104% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7793 | −0.203% | $671K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7730 | −0.334% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7813 | −0.161% | $452K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7870 | −0.041% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7762 | −0.267% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7833 | −0.119% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7814 | −0.159% | $191K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7805 | −0.177% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0112% | 1h | 4.7902 | +0.025% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0248% | 4h | 4.7802 | −0.184% | $1.6M | $2.1M | 75x | as long as short |
| Hyperliquid LIT | +0.0325% | 1h | 4.7875 | −0.031% | $214.3M | $44.6M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0379% / S −0.0169% | 1h | 4.7880 | −0.021% | $63K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Phoenix LIT
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
Hyperliquid LIT
GMX LIT/USD [ETH-USDC]