Funding you earn now, next payment 03:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.125%
Price spread now: edgeX against Lighter+0.223%49s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs+$31as 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−$240.235% of the position
Funding, last 7 days+0.549%+$55 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.223%, 7d avg +0.028%
=Together, before fees+0.375%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.196% dearer against Lighter than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of +0.028%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. Mind the row above: over the last 7 days funding on this pair paid +0.549%, so the current rate has only just turned against you. The two prices were read 49 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 | 197.66 | 0.0032 | pay 0.0004% / 1h | 6m 41s | $358K | $2.0M | 10x |
| Short | edgeX COINUSDC | 198.11 | 0.0013 | get 0.0007% / 4h | 1h 06m | $51K | $294K | 10x |
Lighter COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$3.94
- Price spread: +0.223% → +0.028%
- $19.55
- Slippage, 4 orders
- −$14.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$7.93
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 56 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, 5 min ago | 0.61 bp | 1.8 bp −$2 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 56 min ago | 5.56 bp | 10.5 bp −$11 | 16.2 bp −$162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0628% | 8h | 197.80 | +0.069% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.03 | +0.185% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0207% | 8h | 197.75 | +0.044% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.48 | −0.093% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.99 | +0.164% | $350K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.68 | +0.007% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.73 | +0.031% | $15.1M | $78.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.74 | +0.038% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.74 | +0.038% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.17 | +0.254% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
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 | 198.10 | +0.220% | $16K | $2.1M | 10x | as long as short |
| edgeX COINUSDCshort | +0.0013% | 4h | 198.11 | +0.223% | $51K | $294K | 10x | |
| QFEX COIN-USD | +0.0016% | 1h | 197.64 | −0.012% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 197.66 | long leg | $358K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.66 | −0.002% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.04 | +0.190% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.63 | −0.017% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.74 | +0.038% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.80 | +0.069% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.65 | −0.007% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.70 | +0.018% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.05 | +0.195% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.85 | +0.094% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.79 | +0.062% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.79 | +0.064% | $188K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 198.22 | +0.281% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
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