Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.023%
Price spread now: Lighter against BloFin+0.017%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.017%, 7d avg −0.025%
=Together, before fees−0.131%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.042% dearer against BloFin than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.025%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COIN-USDT | 201.71 | 0.0120 | pay 0.0120% / 8h | 1h 04m | $155K | $341K | 20x |
| Short | Lighter COIN | 201.74 | 0.0032 | get 0.0004% / 1h | 4m 31s | $372K | $2.1M | 10x |
BloFin COIN-USDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$18.48
- Price spread: +0.017% → −0.025%
- $4.19
- Slippage, 4 orders
- −$8.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.37
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Lighter: live order book, 7 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 BloFin live order book, 10 min ago | 0.99 bp | 8.6 bp −$9 | 14.2 bp −$142 | 32.1 bp −$3,209 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.64 bp | 0.7 bp −$1 | 1.8 bp −$18 | 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 | 201.03 | −0.337% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.79 | +0.041% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.74 | +0.013% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.78 | +0.035% | $15.6M | $76.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.73 | +0.010% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.76 | +0.025% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.71 | 0.000% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.72 | +0.005% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.65 | −0.031% | $798K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.66 | −0.026% | $19K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
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 | +0.0016% | 1h | 201.67 | −0.020% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 201.74 | +0.017% | $372K | $2.1M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.74 | +0.015% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.84 | +0.064% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.54 | −0.084% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.73 | +0.010% | $140K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.62 | −0.045% | $88 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.45 | −0.129% | $361K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.77 | +0.030% | $1.0M | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.57 | −0.069% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.62 | −0.045% | $583 | $4K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0101% | 1h | 201.72 | +0.005% | $16.5M | $13.1M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.64 | −0.033% | $119 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 201.71 | long leg | $155K | $341K | 20x | |
| Phoenix COIN | +0.0198% | 1h | 201.76 | +0.025% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0521% | 4h | 201.52 | −0.092% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
tradeXYZ xyz:COIN
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC