Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.029%
Price spread now: BloFin against Lighter+0.015%60s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.195% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.015%, 7d avg +0.024%
=Together, before fees+0.121%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.70 | 0.0200 | pay 0.0025% / 1h | 49m 51s | $360K | $2.3M | 10x |
| Short | BloFin COIN-USDT | 195.73 | 0.0120 | get 0.0120% / 8h | 1h 49m | $187K | $423K | 20x |
Lighter COIN
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$16.8
- Price spread: +0.015% → +0.024%
- −$0.89
- Slippage, 4 orders
- −$7.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.15
- Costs to cover
- 0.195%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 36 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, 2 min ago | 0.69 bp | 0.7 bp −$1 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 0.51 bp | 9.3 bp −$9 | 16.0 bp −$160 | 39.3 bp −$3,928 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0664% | 8h | 195.89 | +0.097% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.80 | +0.051% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0103% | 1h | 195.02 | −0.347% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0047% | 8h | 195.71 | +0.005% | $1.2M | $7.3M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.51 | −0.095% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.60 | −0.052% | $112K | $849K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.65 | −0.026% | $15.0M | $82.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.67 | −0.015% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.68 | −0.010% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.70 | +0.001% | $709K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.92 | +0.112% | $13K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.73 | +0.015% | $456K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.92 | +0.112% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.62 | −0.041% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.60 | −0.051% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.71 | +0.005% | $87 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.63 | −0.036% | $448K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.52 | −0.092% | $985K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.69 | −0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.71 | +0.005% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.71 | +0.004% | $115 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 195.73 | +0.015% | $187K | $423K | 20x | |
| tradeXYZ xyz:COIN | +0.0163% | 1h | 195.60 | −0.051% | $15.2M | $13.8M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.91 | +0.107% | $4K | $283K | 10x | as long as short |
| Lighter COINlong | +0.0200% | 1h | 195.70 | long leg | $360K | $2.3M | 10x | |
| edgeX COINUSDC | +0.0456% | 4h | 195.87 | +0.085% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
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
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC