Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h —
Price spread now: Lighter against Coinbase International+1.550%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 1.550% dearer against Coinbase International than usual: you sell high and buy low: +$155 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BE-PERP-INTX | 267.79 | 0.0016 | pay 0.0002% / 1h | 3m 19s | $458K | $129K | 10x |
| Short | Lighter BE | 271.94 | 0.0032 | get 0.0004% / 1h | 3m 19s | — | — | 10x |
Coinbase International BE-PERP-INTX
Lighter BEFunding 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
- $3.36
- Price spread: +1.550% → 0.000%
- $154.97
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $148.33
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 30 min ago; Lighter: no order-book sample. Net counts fees only.
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, 30 min ago | 6.34 bp | 13.1 bp −$13 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 272.14 | +1.624% | $343K | $131K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.85 | +1.517% | $48K | $384K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.91 | +1.539% | $8.1M | $37.9M | 25x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 271.80 | +1.497% | $2.0M | $1.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 272.12 | +1.617% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 271.70 | +1.460% | $1.3M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 271.94 | +1.550% | $1.6M | $2.7M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.06 | +1.595% | $1K | $2.1M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.03 | +1.583% | $13K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 272.05 | +1.591% | $1.3M | $2.2M | 10x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTXlong | +0.0016% | 1h | 267.79 | long leg | $458K | $129K | 10x | |
| Lighter BEshort | +0.0032% | 1h | 271.94 | +1.550% | — | — | 10x | |
| Lighter RH BE | +0.0032% | 1h | 272.08 | +1.602% | $247K | $304K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.69 | +1.456% | $113K | $96K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.99 | +1.568% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0056% | 1h | 271.89 | +1.531% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.54 | +1.400% | $353K | $99K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.55 | +1.404% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.03 | +1.583% | $46K | $152K | 20x | as long as short |
| GRVT BE_USDT_Perp | +0.0196% | 8h | 271.57 | +1.412% | $6K | $149K | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0633% | 1h | 271.94 | +1.550% | $6K | $4K | 10x | as long as short |
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
GRVT BE_USDT_Perp
Deribit BE_USDC-PERPETUAL