Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.023%
Price spread now: Arcus against Lighter+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.053% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 202.08 | 0.0032 | pay 0.0004% / 1h | 3m 29s | $369K | $2.1M | 10x |
| Short | Arcus COIN-USD | 202.19 | 0.0040 | get 0.0005% / 1h | 3m 29s | $16K | $56K | 5x |
Lighter COIN
Arcus COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- $1.74
- Price spread: +0.053% → 0.000%
- $5.34
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $2.58
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 3 min ago; Arcus: no order-book sample. 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 Lighter live order book, 3 min ago | 1.96 bp | 2.0 bp −$2 | 3.9 bp −$39 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.93 | −0.075% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.07 | −0.004% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.06 | −0.012% | $120K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.08 | −0.001% | $15.6M | $77.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.04 | −0.021% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.11 | +0.014% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.07 | −0.006% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.98 | −0.052% | $760K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.00 | −0.040% | $18K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.13 | +0.024% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0027% | 1h | 202.11 | +0.014% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 202.08 | long leg | $369K | $2.1M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 202.04 | −0.021% | $432K | $2.0M | 10x | as long as short |
| Arcus COIN-USDshort | +0.0040% | 1h | 202.19 | +0.053% | $16K | $56K | 5x | |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.11 | +0.014% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 202.04 | −0.021% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.98 | −0.050% | $151K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.03 | −0.026% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.96 | −0.060% | $349K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.02 | −0.031% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.99 | −0.046% | $91K | $514K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.05 | −0.016% | $584 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.05 | −0.014% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.03 | −0.026% | $200K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0197% | 1h | 202.02 | −0.031% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0876% | 4h | 201.98 | −0.051% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Vest COIN-USD-PERP
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
edgeX COINUSDC