Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.008%
Price spread now: Lighter RH against Binance−0.034%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now −0.034%, 7d avg −0.061%
=Together, before fees−0.001%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.026% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 195.56 | 0.0012 | pay 0.0012% / 8h | 17m 17s | $15.0M | $82.1M | 20x |
| Short | Lighter RH COIN | 195.49 | 0.0032 | get 0.0004% / 1h | 17m 17s | $464K | $1.5M | 10x |
Binance COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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
- $4.3
- Price spread: −0.034% → −0.061%
- $2.61
- Slippage, 4 orders
- −$10.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$13.56
- Costs to cover
- 0.205%
- Break-even
- 29.1 days
Slippage from Binance: live order book, 10 min ago; Lighter RH: live order book, just now.
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 Binance live order book, 10 min ago | 0.51 bp | 7.2 bp −$7 | 14.9 bp −$149 | 58.5 bp −$5,847 | doesn't fit |
| Sell Lighter RH live order book, just now | 1.53 bp | 3.8 bp −$4 | 6.5 bp −$65 | 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 | 195.61 | +0.027% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0341% | 8h | 195.68 | +0.063% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0042% | 1h | 195.03 | −0.270% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.40 | −0.079% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.46 | −0.050% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.42 | −0.070% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.57 | +0.007% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.54 | −0.011% | $711K | $972K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.76 | +0.104% | $15K | $2.8M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0008% | 1h | 195.48 | −0.040% | $104K | $860K | 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
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDTlong | +0.0012% | 8h | 195.56 | long leg | $15.0M | $82.1M | 20x | |
| Lighter RH COINshort | +0.0032% | 1h | 195.49 | −0.034% | $464K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.79 | +0.119% | $17K | $58K | 5x | as long as short |
| BloFin COIN-USDT | +0.0046% | 8h | 195.56 | +0.001% | $187K | $434K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.41 | −0.075% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.45 | −0.055% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.51 | −0.024% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.32 | −0.121% | $445K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.52 | −0.019% | $1.3M | $2.9M | 10x | as long as short |
| Lighter COIN | +0.0088% | 1h | 195.50 | −0.027% | $364K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.42 | −0.070% | $985K | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.52 | −0.019% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.53 | −0.014% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.53 | −0.016% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | −0.060% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0329% | 4h | 195.70 | +0.072% | $50K | $295K | 10x | as long as short |
Arcus COIN-USD
BloFin COIN-USDT
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC