Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.017%
Price spread now: Lighter RH against Extended+0.020%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.020%, 7d avg +0.018%
=Together, before fees+0.006%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 196.00 | 0 | get 0.0000% / 1h | 37m 33s | $106K | $861K | 10x |
| Short | Lighter RH COIN | 196.04 | 0.0032 | get 0.0004% / 1h | 37m 33s | $462K | $1.5M | 10x |
Extended COIN_24_5-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- $6.72
- Price spread: +0.020% → +0.018%
- $0.26
- Slippage, 4 orders
- −$19.65
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$17.67
- Costs to cover
- 0.247%
- Break-even
- 25.4 days
Slippage from Extended: live order book, 66 min ago; Lighter RH: 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 Extended live order book, 66 min ago | 1.02 bp | 9.0 bp −$9 | 45.2 bp −$452 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.80 bp | 3.2 bp −$3 | 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 | 196.41 | +0.209% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0354% | 8h | 196.18 | +0.092% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0050% | 1h | 195.72 | −0.143% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.91 | −0.046% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 196.00 | long leg | $106K | $861K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 195.99 | −0.006% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.99 | −0.005% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.07 | +0.036% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.08 | +0.041% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.44 | +0.223% | $714K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 196.29 | +0.149% | $22K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.04 | +0.018% | $363K | $2.3M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.04 | +0.020% | $462K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 196.41 | +0.209% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.70 | −0.153% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.87 | −0.067% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.19 | +0.097% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.18 | +0.092% | $446K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 196.01 | +0.005% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.78 | −0.112% | $987K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.32 | +0.163% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.21 | +0.107% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.17 | +0.088% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.25 | +0.127% | $187K | $436K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 196.40 | +0.204% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0782% | 4h | 196.21 | +0.105% | $50K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC