Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: Lighter RH against Extended−0.059%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.059%, 7d avg −0.029%
=Together, before fees+0.065%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.029%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.031% in total) that is about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BE-USD | 270.82 | 0 | get 0.0000% / 1h | 21m 54s | $47K | $384K | 10x |
| Short | Lighter RH BE | 270.66 | 0.0032 | get 0.0004% / 1h | 21m 54s | $241K | $305K | 10x |
Extended BE-USD
Lighter RH BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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: −0.059% → −0.029%
- −$2.98
- Slippage, 4 orders
- −$41.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$42.93
- Costs to cover
- 0.467%
- Break-even
- 51.7 days
Slippage from Extended: live order book, 16 min ago; Lighter RH: live order book, 15 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 Extended live order book, 16 min ago | 2.40 bp | 16.6 bp −$17 | 182.1 bp −$1,821 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 15 min ago | 6.45 bp | 6.7 bp −$7 | 17.1 bp −$171 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0468% | 8h | 270.60 | −0.081% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | −0.0065% | 8h | 270.93 | +0.041% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 270.74 | −0.029% | $342K | $128K | 20x | as long as short |
| Extended BE-USDlong | 0.0000% | 1h | 270.82 | long leg | $47K | $384K | 10x | |
| Binance BEUSDT | 0.0000% | 8h | 270.93 | +0.042% | $8.1M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 270.95 | +0.048% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 270.89 | +0.026% | $7K | $155K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 270.81 | −0.004% | $856 | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 270.79 | −0.011% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0017% | 1h | 270.85 | +0.011% | $1.3M | $2.2M | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 270.54 | −0.103% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 270.66 | −0.059% | $241K | $305K | 10x | |
| Coinbase International BE-PERP-INTX | +0.0032% | 1h | 270.40 | −0.155% | $472K | $114K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 270.65 | −0.063% | $113K | $96K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 270.82 | 0.000% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0047% | 8h | 270.91 | +0.033% | $2.0M | $1.1M | 25x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 270.94 | +0.044% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 270.72 | −0.037% | $352K | $27K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 270.74 | −0.031% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 270.73 | −0.033% | $46K | $145K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0600% | 1h | 270.82 | 0.000% | $6K | $4K | 10x | as long as short |
Lighter BE
Coinbase International BE-PERP-INTX
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL