Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter RH against Coinbase International+0.335%7-day average +0.235% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.335%, 7d avg +0.235%
=Together, before fees−0.499%+ Points / potential airdropLighter RH: Points live · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.099% dearer against Coinbase International than usual: you sell high and buy low (spread +0.335% now, against its 7-day average of +0.235%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.151% in total) that is about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BE-PERP-INTX | 271.77 | 0.0056 | pay 0.0007% / 1h | 50m 58s | $475K | $136K | 10x |
| Short | Lighter RH BE | 272.68 | 0.0032 | get 0.0004% / 1h | 50m 58s | $249K | $290K | 10x |
Coinbase International BE-PERP-INTX
Lighter RH BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$5.04
- Price spread: +0.335% → +0.235%
- $9.94
- Slippage, 4 orders
- −$22.42
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.52
- Costs to cover
- 0.324%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 62 min ago; Lighter RH: live order book, 61 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, 62 min ago | 4.55 bp | 10.2 bp −$10 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 61 min ago | 5.83 bp | 6.6 bp −$7 | 16.8 bp −$168 | doesn't fit | doesn't fit |
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 | 272.66 | +0.329% | $343K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.69 | +0.340% | $47K | $258K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.77 | +0.368% | $8.3M | $37.0M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.60 | +0.305% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.82 | +0.386% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.63 | +0.317% | $6K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.88 | +0.408% | $969 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.87 | +0.405% | $12K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0018% | 8h | 272.91 | +0.419% | $2.0M | $1.1M | 25x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.70 | +0.342% | $1.3M | $2.5M | 10x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Bybit BEUSDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 272.52 | +0.276% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 272.68 | +0.335% | $249K | $290K | 10x | |
| OKX BE-USDT-SWAP | +0.0032% | 8h | 272.75 | +0.361% | $2.6M | $6.9M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.40 | +0.232% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.84 | +0.394% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 272.63 | +0.316% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTXlong | +0.0056% | 1h | 271.77 | long leg | $475K | $136K | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.70 | +0.342% | $369K | $17K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.74 | +0.356% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.76 | +0.364% | $45K | $144K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0484% | 1h | 272.76 | +0.364% | $6K | $4K | 10x | as long as short |
Lighter BE
OKX BE-USDT-SWAP
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL