Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Arcus−0.164%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.164% cheaper against Arcus than usual: you would sell low and buy high, −$16 on $10k if it 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 | Arcus COIN-USD | 195.70 | 0.0040 | pay 0.0005% / 1h | 43m 03s | $17K | $57K | 5x |
| Short | Lighter RH COIN | 195.38 | 0.0032 | get 0.0004% / 1h | 43m 03s | $467K | $1.3M | 10x |
Arcus COIN-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. 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
- −$1.74
- Price spread: −0.164% → 0.000%
- −$16.35
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$22.59
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Lighter RH: live order book, 5 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 2.81 bp | 3.3 bp −$3 | 6.8 bp −$68 | doesn't fit | doesn't fit |
Arcus: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.19 | −0.261% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0183% | 8h | 195.52 | −0.092% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0055% | 1h | 195.05 | −0.332% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.60 | −0.051% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.43 | −0.138% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.40 | −0.153% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.46 | −0.123% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.75 | +0.027% | $660K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.70 | +0.002% | $14K | $2.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.39 | −0.159% | $360K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COINshort | +0.0032% | 1h | 195.38 | −0.164% | $467K | $1.3M | 10x | |
| Arcus COIN-USDlong | +0.0040% | 1h | 195.70 | long leg | $17K | $57K | 5x | |
| Binance COINUSDT | +0.0046% | 8h | 195.46 | −0.123% | $14.9M | $81.7M | 20x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.48 | −0.112% | $1.3M | $2.8M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0048% | 1h | 195.40 | −0.155% | $106K | $860K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.33 | −0.189% | $15.1M | $12.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.36 | −0.174% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.40 | −0.153% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.39 | −0.158% | $437K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.46 | −0.123% | $984K | $173K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.57 | −0.066% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.47 | −0.118% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.37 | −0.171% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.65 | −0.026% | $4K | $283K | 10x | as long as short |
| BloFin COIN-USDT | +0.0166% | 8h | 195.52 | −0.092% | $186K | $474K | 20x | as long as short |
| edgeX COINUSDC | +0.0281% | 4h | 195.72 | +0.008% | $50K | $296K | 10x | as long as short |
Binance COINUSDT
QFEX COIN-USD
Extended COIN_24_5-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC