Funding you earn now, next payment 03:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.139%
Price spread now: Lighter RH against edgeX+0.147%80s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days−0.576%−$58 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.147%, 7d avg −0.010%
=Together, before fees−0.759%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$76 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.157% dearer against edgeX than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.010%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.576% in total) that is about 46 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 197.62 | 0.0111 | pay 0.0056% / 4h | 1h 30m | $51K | $295K | 10x |
| Short | Lighter RH COIN | 197.91 | 0.0032 | get 0.0004% / 1h | 30m 01s | $452K | $1.5M | 10x |
edgeX COINUSDC
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$16.68
- Price spread: +0.147% → −0.010%
- $15.69
- Slippage, 4 orders
- −$19.75
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.74
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 33 min ago; Lighter RH: live order book, 3 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, 33 min ago | 5.56 bp | 10.6 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.78 bp | 3.7 bp −$4 | 9.3 bp −$93 | 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 | −0.0770% | 8h | 198.03 | +0.207% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.59 | −0.015% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0180% | 8h | 198.03 | +0.207% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0090% | 1h | 197.52 | −0.051% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.00 | +0.191% | $350K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.89 | +0.137% | $119K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.95 | +0.166% | $15.0M | $78.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.02 | +0.202% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.05 | +0.217% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.92 | +0.154% | $686K | $1.0M | — | 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 | 197.70 | +0.040% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.91 | +0.147% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.92 | +0.153% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.91 | +0.147% | $452K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.80 | +0.091% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.97 | +0.177% | $15.6M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.96 | +0.172% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.92 | +0.152% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.87 | +0.126% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.80 | +0.091% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.42 | −0.101% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.91 | +0.147% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.93 | +0.158% | $117 | — | 10x | as long as short |
| edgeX COINUSDClong | +0.0111% | 4h | 197.62 | long leg | $51K | $295K | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 198.11 | +0.248% | $189K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.56 | −0.031% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter 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
BloFin COIN-USDT
Phoenix COIN