Funding you earn now, next payment 01:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h −0.025%
Price spread now: Bitget against Lighter+0.084%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−0.044%−$4 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.084%, 7d avg +0.078%
=Together, before fees−0.097%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 202.12 | 0.0464 | pay 0.0058% / 1h | 56m 15s | $377K | $1.8M | 10x |
| Short | Bitget COINUSDT | 202.29 | 0 | get 0.0000% / 8h | 7h 56m | $6.9M | $9.7M | 20x |
Lighter COIN
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$97.44
- Price spread: +0.084% → +0.078%
- $0.58
- Slippage, 4 orders
- −$12.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$121.54
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Bitget: live order book, 2 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, 10 min ago | 0.62 bp | 0.8 bp −$1 | 2.3 bp −$23 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.22 bp | 11.1 bp −$11 | 30.6 bp −$306 | 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 | 202.21 | +0.045% | $45K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.24 | +0.058% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.08 | −0.022% | $119K | $444K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.90 | −0.111% | $15.8M | $76.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.09 | −0.015% | $5.1M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.17 | +0.025% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.24 | +0.059% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDTshort | 0.0000% | 8h | 202.29 | +0.084% | $6.9M | $9.7M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 202.35 | +0.113% | $842K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.07 | −0.025% | $22K | $2.0M | 10x | 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_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 202.13 | +0.005% | $1.4M | $4.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.34 | +0.109% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.04 | −0.040% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.13 | +0.005% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.08 | −0.020% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.14 | +0.010% | $361K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.18 | +0.030% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.00 | −0.059% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.14 | +0.010% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.15 | +0.017% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.48 | +0.178% | $200K | $343K | 20x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.36 | +0.119% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0348% | 4h | 202.25 | +0.065% | $52K | $292K | 10x | as long as short |
| Lighter RH COIN | +0.0408% | 1h | 202.12 | 0.000% | $435K | $1.5M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0448% | 1h | 202.07 | −0.025% | $16.6M | $13.1M | 10x | as long as short |
| Lighter COINlong | +0.0464% | 1h | 202.12 | long leg | $377K | $1.8M | 10x |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
Lighter RH COIN
tradeXYZ xyz:COIN