Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Aster−0.036%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1261.263% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.036%, 7d avg −0.008%
=Together, before fees+0.072%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.008%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COINUSDT | 201.55 | 0 | get 0.0000% / 8h | 7h 33m | $369K | $840K | 20x |
| Short | Lighter RH COIN | 201.48 | 0.0032 | get 0.0004% / 1h | 33m 31s | $433K | $1.5M | 10x |
Aster COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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: −0.036% → −0.008%
- −$2.76
- Slippage, 4 orders
- −$118.3
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$122.34
- Costs to cover
- 1.263%
- Break-even
- 134.4 days
Slippage from Aster: live order book, 39 min ago; Lighter RH: 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 Aster live order book, 39 min ago | 47.01 bp | 56.4 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.98 bp | 3.6 bp −$4 | 10.9 bp −$109 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.58 | +0.014% | $44K | $48K | 30x | as long as short |
| Aster COINUSDTlong | 0.0000% | 8h | 201.55 | long leg | $369K | $840K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.53 | −0.014% | $121K | $780K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.51 | −0.021% | $15.8M | $75.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.60 | +0.023% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.59 | +0.018% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.60 | +0.023% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.63 | +0.038% | $6.9M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.58 | +0.015% | $838K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.54 | −0.006% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.53 | −0.011% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.48 | −0.036% | $433K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.043% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.38 | −0.086% | — | $290K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.44 | −0.056% | $16.6M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.44 | −0.056% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.57 | +0.009% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.45 | −0.051% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.68 | +0.063% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.47 | −0.041% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.55 | −0.001% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.54 | −0.006% | $119 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 201.53 | −0.010% | $375K | $1.8M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.58 | +0.014% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.52 | −0.016% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0611% | 4h | 201.54 | −0.006% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC