COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0568%/8h= +62.2% APRnext payment +$0.71 per $10,000 · paid last 24h +0.157%

Price spread now: Lighter against Injective−0.168%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.864%+$86 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.168% cheaper against Injective than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 24 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COIN/USDC PERP	196.04	−0.0440	get 0.0055% / 1h	2m 39s	$43K	$48K	30x
Short	Lighter COIN	195.71	0.0128	get 0.0016% / 1h	2m 39s	$364K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee LighterbpOrdersPrice spread, now −0.168%Rate

Funding earned: $119.28
Price spread: −0.168% → 0.000%: −$16.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $102.48
Costs to cover: 0.000%
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	0.61 bp	0.8 bp −$1	1.7 bp −$17	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0531%	8h	195.94	−0.051%	$6.4M	$10.6M	20x	as long as short
Injective COIN/USDC PERPlong	−0.0440%	1h	196.04	long leg	$43K	$48K	30x
Vest COIN-USD-PERP	−0.0078%	1h	195.40	−0.326%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.72	−0.165%	$341K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	195.75	−0.150%	$105K	$797K	10x	as long as short
Binance COINUSDT	0.0000%	8h	195.81	−0.117%	$15.1M	$82.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.77	−0.138%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.80	−0.122%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	195.82	−0.112%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	196.20	+0.082%	$713K	$975K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.12	+0.038%	$12K	$2.8M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.75	−0.148%	$462K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.19	+0.077%	$15K	$54K	5x	as long as short
QFEX COIN-USD	+0.0045%	1h	195.81	−0.117%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.70	−0.173%	$15.2M	$13.2M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.78	−0.133%	$130K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	195.83	−0.107%	$88	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.68	−0.184%	$444K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.64	−0.204%	$986K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.93	−0.056%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	195.83	−0.107%	$566	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	195.85	−0.095%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	195.99	−0.026%	$187K	$428K	20x	as long as short
Lighter COINshort	+0.0128%	1h	195.71	−0.168%	$364K	$2.3M	10x
Phoenix COIN	+0.0163%	1h	195.85	−0.097%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0716%	4h	196.10	+0.028%	$50K	$295K	10x	as long as short