Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.013%
Price spread now: Binance against Lighter+0.028%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 2 days (all we have)+0.015%+$2 · spread now +0.028%, 7d avg +0.040%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, 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 | Lighter COIN | 201.67 | 0.0032 | pay 0.0004% / 1h | 17m 40s | $372K | $2.1M | 10x |
| Short | Binance COINUSDT | 201.73 | 0 | get 0.0000% / 8h | 1h 17m | $15.6M | $76.8M | 20x |
Lighter COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.72
- Price spread: +0.028% → +0.040%
- −$1.14
- Slippage, 4 orders
- −$8.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.82
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 10 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 Lighter live order book, 4 min ago | 0.59 bp | 1.3 bp −$1 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.50 bp | 7.9 bp −$8 | 15.2 bp −$152 | 52.8 bp −$5,279 | 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 | 201.27 | −0.200% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.75 | +0.040% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.77 | +0.049% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 201.73 | +0.028% | $15.6M | $76.8M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 201.76 | +0.043% | $5.0M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.73 | +0.028% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.80 | +0.063% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.78 | +0.053% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.97 | +0.147% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.00 | +0.164% | $19K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.86 | +0.093% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 201.67 | long leg | $372K | $2.1M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.65 | −0.011% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.97 | +0.147% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.74 | +0.033% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.78 | +0.053% | $146K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.91 | +0.118% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.81 | +0.068% | $362K | $3.3M | 10x | as long as short |
| edgeX COINUSDC | +0.0067% | 4h | 201.98 | +0.153% | $52K | $293K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0078% | 1h | 201.68 | +0.003% | $16.5M | $13.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.74 | +0.033% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.83 | +0.078% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.93 | +0.127% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.92 | +0.122% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.95 | +0.137% | $199K | $342K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.99 | +0.157% | $5K | $281K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN