Funding you earn now, next payment 02:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h −0.001%
Price spread now: Binance against Lighter RH+0.015%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 2 days (all we have)+0.026%+$3 · spread now +0.015%, 7d avg +0.044%
=Together, before fees−0.006%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.030% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 274.45 | 0.0032 | pay 0.0004% / 1h | 22m 19s | $251K | $290K | 10x |
| Short | Binance BEUSDT | 274.49 | 0.0135 | get 0.0135% / 8h | 6h 22m | $8.4M | $36.3M | 25x |
Lighter RH BE
Binance BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- $21.64
- Price spread: +0.015% → +0.044%
- −$2.98
- Slippage, 4 orders
- −$15.57
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$6.9
- Costs to cover
- 0.256%
- Break-even
- 9.2 days
Slippage from Lighter RH: live order book, 45 min ago; Binance: live order book, 4 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 RH live order book, 45 min ago | 2.18 bp | 3.1 bp −$3 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.91 bp | 9.2 bp −$9 | 25.6 bp −$256 | 89.7 bp −$8,975 | doesn't fit |
BE on 20 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 | 274.51 | +0.022% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.50 | +0.018% | $2.0M | $1.1M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.40 | −0.018% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.45 | 0.000% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.23 | −0.079% | $7K | $168K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.36 | −0.033% | $944 | $2.4M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 274.52 | +0.026% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.52 | +0.026% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0026% | 1h | 274.50 | +0.018% | $1.3M | $3.2M | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.36 | −0.033% | — | — | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
QFEX BE-USD
Lighter BEShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BElong | +0.0032% | 1h | 274.45 | long leg | $251K | $290K | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 274.05 | −0.146% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.55 | +0.036% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.49 | +0.015% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.55 | +0.036% | $371K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.59 | +0.050% | — | — | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0112% | 1h | 273.08 | −0.499% | $473K | $131K | 10x | as long as short |
| Binance BEUSDTshort | +0.0135% | 8h | 274.49 | +0.015% | $8.4M | $36.3M | 25x | |
| Extended BE-USD | +0.0136% | 1h | 274.52 | +0.025% | $47K | $262K | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0195% | 8h | 274.55 | +0.036% | $2.6M | $6.8M | 25x | as long as short |
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
Coinbase International BE-PERP-INTX
Extended BE-USD
OKX BE-USDT-SWAP