Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.8% APRpaid last 24h −0.150%
Price spread now: Lighter against edgeX−0.255%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days−0.570%−$57 on $10k
+Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.255%, 7d avg −0.026%
=Together, before fees−0.341%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.229% cheaper against edgeX than usual: you would sell low and buy high (spread −0.255% now, against its 7-day average of −0.026%). If the spread goes back, that is −$23 on $10k: about 11 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.570%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 195.54 | 0.0040 | pay 0.0020% / 4h | 2h 27m | $50K | $294K | 10x |
| Short | Lighter COIN | 195.04 | 0.0112 | get 0.0014% / 1h | 27m 02s | $354K | $2.2M | 10x |
edgeX COINUSDC
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- $15.05
- Price spread: −0.255% → −0.026%
- −$22.93
- Slippage, 4 orders
- −$14.42
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.3
- Costs to cover
- 0.234%
- Break-even
- 21.6 days
Slippage from edgeX: live order book, 21 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 edgeX live order book, 21 min ago | 5.60 bp | 10.6 bp −$11 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.64 bp | 1.6 bp −$2 | 4.1 bp −$41 | 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 COINUSDT | −0.0825% | 8h | 195.26 | −0.141% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.33 | −0.105% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0136% | 8h | 195.15 | −0.198% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0113% | 1h | 194.55 | −0.504% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.09 | −0.230% | $340K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.03 | −0.261% | $113K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.04 | −0.251% | $14.6M | $81.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 194.99 | −0.279% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.06 | −0.244% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.38 | −0.080% | $709K | $962K | — | as long as short |
Bitget COINUSDT
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 | 195.58 | +0.024% | $15K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.00 | −0.274% | $455K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 195.20 | −0.172% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.49 | −0.024% | $15K | $55K | 5x | as long as short |
| edgeX COINUSDClong | +0.0040% | 4h | 195.54 | long leg | $50K | $294K | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.99 | −0.279% | $15.1M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.01 | −0.269% | $132K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.07 | −0.238% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.98 | −0.284% | $364K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.57 | +0.017% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.99 | −0.279% | $983K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.24 | −0.152% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.02 | −0.264% | $564 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 194.95 | −0.300% | $115 | — | 10x | as long as short |
| Lighter COINshort | +0.0112% | 1h | 195.04 | −0.255% | $354K | $2.2M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 195.09 | −0.228% | $187K | $417K | 20x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT