Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: Extended against Lighter+0.028%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.028%, 7d avg −0.004%
=Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.031% dearer against Lighter than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.026% in total) that is about 8.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 196.31 | 0.0064 | pay 0.0008% / 1h | 25m 14s | $385K | $2.1M | 10x |
| Short | Extended COIN_24_5-USD | 196.36 | 0 | get 0.0000% / 1h | 25m 14s | $116K | $643K | 10x |
Lighter COIN
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$13.44
- Price spread: +0.028% → −0.004%
- $3.15
- Slippage, 4 orders
- −$14.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$30.12
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Extended: live order book, 28 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, 1 min ago | 0.64 bp | 1.3 bp −$1 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Extended live order book, 28 min ago | 1.01 bp | 8.9 bp −$9 | 76.6 bp −$766 | 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 | −0.0718% | 8h | 196.60 | +0.148% | $6.2M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.63 | +0.163% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0225% | 8h | 196.53 | +0.112% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0109% | 1h | 195.98 | −0.168% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.38 | +0.034% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 196.36 | +0.028% | $116K | $643K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 196.40 | +0.046% | $14.7M | $80.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.43 | +0.061% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.47 | +0.082% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.67 | +0.183% | $683K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
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 | 196.80 | +0.249% | $13K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.56 | +0.127% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.27 | −0.020% | $453K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.79 | +0.245% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.36 | +0.025% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.37 | +0.031% | $133K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.41 | +0.051% | $86 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.45 | +0.071% | $368K | $2.7M | 10x | as long as short |
| edgeX COINUSDC | +0.0054% | 4h | 196.66 | +0.177% | $51K | $294K | 10x | as long as short |
| Lighter COINlong | +0.0064% | 1h | 196.31 | long leg | $385K | $2.1M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.57 | +0.132% | $991K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.54 | +0.117% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.43 | +0.061% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | −0.012% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.44 | +0.066% | $187K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.74 | +0.219% | $4K | $283K | 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
edgeX COINUSDC
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN