Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%
Price spread now: Lighter against Gate−0.053%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days−0.103%−$10 · spread now −0.053%, 7d avg −0.085%
=Together, before fees−0.216%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.085%. Mind the row above: over the last 7 days funding on this pair cost −0.113%, 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 | Gate COIN_USDT | 195.80 | 0 | get 0.0000% / 8h | 7h 46m | $1.2M | $6.8M | 50x |
| Short | Lighter COIN | 195.70 | 0.0032 | get 0.0004% / 1h | 46m 25s | $360K | $2.0M | 10x |
Gate COIN_USDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: −0.053% → −0.085%
- $3.14
- Slippage, 4 orders
- −$19.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.07
- Costs to cover
- 0.349%
- Break-even
- 33.1 days
Slippage from Gate: 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 Gate live order book, 2 min ago | 7.15 bp | 16.5 bp −$17 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.61 bp | 0.6 bp −$1 | 2.8 bp −$28 | 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 | 195.19 | −0.312% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0208% | 8h | 195.83 | +0.015% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0054% | 1h | 195.28 | −0.266% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.86 | +0.030% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.74 | −0.031% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.67 | −0.066% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 195.80 | long leg | $1.2M | $6.8M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 196.08 | +0.144% | $660K | $1.0M | — | as long as short |
| Lighter COINshort | +0.0032% | 1h | 195.70 | −0.053% | $360K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 195.69 | −0.056% | $467K | $1.3M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USD | +0.0040% | 1h | 195.91 | +0.056% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.75 | −0.026% | $1.3M | $2.8M | 10x | as long as short |
| Binance COINUSDT | +0.0048% | 8h | 195.75 | −0.026% | $14.9M | $81.8M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0048% | 1h | 195.70 | −0.051% | $106K | $860K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.65 | −0.077% | $15.2M | $12.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.63 | −0.087% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.69 | −0.056% | $73 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.53 | −0.138% | $437K | $2.6M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.63 | −0.087% | $984K | $169K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.69 | −0.056% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.75 | −0.026% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.71 | −0.045% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.91 | +0.056% | $4K | $283K | 10x | as long as short |
| BloFin COIN-USDT | +0.0168% | 8h | 195.77 | −0.015% | $187K | $435K | 20x | as long as short |
| GRVT COIN_USDT_Perp | +0.0184% | 8h | 195.90 | +0.051% | $18K | $2.9M | 10x | as long as short |
| edgeX COINUSDC | +0.0873% | 4h | 195.82 | +0.010% | $50K | $295K | 10x | as long as short |
Arcus COIN-USD
QFEX COIN-USD
Binance COINUSDT
Extended COIN_24_5-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
Phoenix COIN
BloFin COIN-USDT
GRVT COIN_USDT_Perp
edgeX COINUSDC