Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.103%
Price spread now: Lighter RH against Deribit+0.077%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.077% dearer against Deribit than usual: you sell high and buy low: +$8 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 | Deribit BE_USDC-PERPETUAL | 274.42 | 0 | get 0.0000% / 1h | 47m 47s | $7K | $4K | 10x |
| Short | Lighter RH BE | 274.63 | 0.0032 | get 0.0004% / 1h | 47m 47s | $249K | $294K | 10x |
Deribit BE_USDC-PERPETUAL
Lighter RH BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- $6.72
- Price spread: +0.077% → 0.000%
- $7.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $7.37
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Lighter RH: live order book, 57 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 57 min ago | 6.00 bp | 6.7 bp −$7 | 13.6 bp −$136 | doesn't fit | doesn't fit |
Deribit: 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 exchanges
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 BE-PERP-INTX | −0.0024% | 1h | 274.05 | −0.135% | $469K | $132K | 10x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 274.45 | +0.010% | $350K | $141K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.40 | −0.007% | $2.0M | $1.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 274.70 | +0.102% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.40 | −0.007% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.35 | −0.026% | $1.6M | $3.1M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.34 | −0.029% | $1K | $2.0M | 10x | as long as short |
| Deribit BE_USDC-PERPETUALlong | 0.0000% | 1h | 274.42 | long leg | $7K | $4K | 10x | |
| HTX BE-USDT | 0.0000% | 8h | 274.94 | +0.189% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0025% | 1h | 274.36 | −0.022% | $1.3M | $2.3M | 10x | as long as short |
Coinbase International BE-PERP-INTX
Aster BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 274.47 | +0.018% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 274.63 | +0.077% | $249K | $294K | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 274.13 | −0.106% | $115K | $96K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.26 | −0.058% | — | — | 10x | as long as short |
| Binance BEUSDT | +0.0087% | 8h | 274.55 | +0.048% | $8.2M | $39.5M | 25x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 274.42 | −0.001% | $50K | $386K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.30 | −0.044% | $356K | $260K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.23 | −0.069% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0212% | 8h | 274.09 | −0.120% | $46K | $165K | 20x | as long as short |
| tradeXYZ xyz:BE | +0.0284% | 1h | 274.60 | +0.066% | $5.9M | $2.9M | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0476% | 8h | 274.99 | +0.209% | $7K | $135K | 10x | as long as short |
Lighter BE
Arcus BE-USD
Vest BE-USD-PERP
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
tradeXYZ xyz:BE
GRVT BE_USDT_Perp