Funding you earn now, next payment 03:00 UTC+0.0810%/8h= +88.7% APRpaid last 24h +0.022%
Price spread now: Lighter against Bitget−0.007%7-day average −0.081% · 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−$16as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now −0.007%, 7d avg −0.081%
=Together, before fees−0.010%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.074% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.081%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COINUSDT | 197.85 | −0.0778 | get 0.0778% / 8h | 5h 31m | $6.3M | $10.2M | 20x |
| Short | Lighter COIN | 197.84 | 0.0032 | get 0.0004% / 1h | 31m 32s | $367K | $2.0M | 10x |
Bitget COINUSDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $170.1
- Price spread: −0.007% → −0.081%
- $7.39
- Slippage, 4 orders
- −$11.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $154.21
- Costs to cover
- 0.233%
- Break-even
- 0.7 days
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 5 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 Bitget live order book, 2 min ago | 1.52 bp | 11.5 bp −$12 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.71 bp | 0.8 bp −$1 | 1.3 bp −$13 | 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 COINUSDTlong | −0.0778% | 8h | 197.85 | long leg | $6.3M | $10.2M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.11 | −0.374% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0174% | 8h | 197.85 | 0.000% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0090% | 1h | 197.09 | −0.384% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.91 | +0.032% | $350K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.78 | −0.034% | $119K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.87 | +0.013% | $15.0M | $78.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.84 | −0.005% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.97 | +0.061% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.64 | −0.108% | $684K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
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 | 197.70 | −0.076% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.84 | −0.005% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 197.84 | −0.007% | $367K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.82 | −0.015% | $452K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.65 | −0.101% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.79 | −0.030% | $15.6M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.56 | −0.147% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.65 | −0.101% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.20 | −0.329% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.67 | −0.091% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.42 | −0.217% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.71 | −0.071% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.66 | −0.097% | $117 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0111% | 4h | 197.62 | −0.116% | $51K | $295K | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.72 | −0.066% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.56 | −0.147% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-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
edgeX COINUSDC
BloFin COIN-USDT
Phoenix COIN