Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.11 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against ApeX Omni−0.080%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.080%, 7d avg −0.010%
=Together, before fees+0.053%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.070% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.010%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni COINUSDT | 195.69 | 0.0100 | pay 0.0013% / 1h | 48m 52s | $88K | $287K | 50x |
| Short | Lighter COIN | 195.53 | 0.0192 | get 0.0024% / 1h | 48m 52s | $360K | $2.3M | 10x |
ApeX Omni COINUSDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $19.32
- Price spread: −0.080% → −0.010%
- −$6.98
- Slippage, 4 orders
- −$7.69
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.35
- Costs to cover
- 0.177%
- Break-even
- 8.9 days
Slippage from ApeX Omni: live order book, 58 min ago; Lighter: live order book, 3 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 ApeX Omni live order book, 58 min ago | 2.80 bp | 7.8 bp −$8 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.69 bp | 1.1 bp −$1 | 2.6 bp −$26 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0665% | 8h | 195.81 | +0.061% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.80 | +0.056% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0103% | 1h | 194.93 | −0.388% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0044% | 8h | 195.67 | −0.010% | $1.2M | $7.3M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.54 | −0.077% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.63 | −0.032% | $112K | $849K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.69 | +0.002% | $15.0M | $82.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.66 | −0.015% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.60 | −0.046% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.70 | +0.006% | $709K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.69 | +0.002% | $15K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.56 | −0.066% | $456K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.88 | +0.097% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.60 | −0.046% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.46 | −0.118% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.53 | −0.082% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.63 | −0.031% | $448K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.53 | −0.082% | $985K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 195.69 | long leg | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.56 | −0.066% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.57 | −0.062% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.62 | −0.036% | $188K | $423K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0154% | 1h | 195.52 | −0.087% | $15.2M | $13.8M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.67 | −0.010% | $4K | $283K | 10x | as long as short |
| Lighter COINshort | +0.0192% | 1h | 195.53 | −0.080% | $360K | $2.3M | 10x | |
| edgeX COINUSDC | +0.0456% | 4h | 195.87 | +0.090% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC