Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.020%
Price spread now: Coinbase International against Lighter RH−0.265%7-day average −0.237% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.265%, 7d avg −0.237%
=Together, before fees+0.420%+ Points / potential airdropLighter RH: Points live · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.237%). If the spread goes back, that is −$3 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.150% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 271.31 | 0.0032 | pay 0.0004% / 1h | 4m 30s | $242K | $305K | 10x |
| Short | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | get 0.0007% / 1h | 4m 30s | $473K | $130K | 10x |
Lighter RH BE
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.04
- Price spread: −0.265% → −0.237%
- −$2.87
- Slippage, 4 orders
- −$17.96
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.79
- Costs to cover
- 0.280%
- Break-even
- 42.8 days
Slippage from Lighter RH: live order book, 38 min ago; Coinbase International: live order book, 39 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, 38 min ago | 2.59 bp | 5.7 bp −$6 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 39 min ago | 3.69 bp | 8.7 bp −$9 | 16.6 bp −$166 | 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 | −0.0297% | 8h | 271.40 | +0.033% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | −0.0111% | 8h | 271.46 | +0.055% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.81 | +0.185% | $342K | $127K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.34 | +0.012% | $46K | $356K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.42 | +0.041% | $8.2M | $37.3M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.55 | +0.088% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.59 | +0.103% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.55 | +0.088% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.81 | +0.184% | $13K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 271.27 | −0.015% | — | — | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BElong | +0.0032% | 1h | 271.31 | long leg | $242K | $305K | 10x | |
| QFEX BE-USD | +0.0040% | 1h | 271.48 | +0.063% | $1.3M | $2.3M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.29 | −0.007% | $113K | $108K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.42 | +0.041% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0051% | 8h | 271.51 | +0.074% | $2.0M | $1.1M | 25x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0056% | 1h | 270.59 | −0.265% | $473K | $130K | 10x | |
| tradeXYZ xyz:BE | +0.0068% | 1h | 271.50 | +0.070% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.33 | +0.007% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.44 | +0.050% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.77 | +0.170% | $45K | $147K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0450% | 1h | 271.46 | +0.055% | $6K | $4K | 10x | as long as short |
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL