Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.040%
Price spread now: Gate against Lighter+0.012%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now +0.012%, 7d avg +0.084%
=Together, before fees+0.201%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.073% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 196.19 | 0.0032 | pay 0.0004% / 1h | 38m 31s | $363K | $2.3M | 10x |
| Short | Gate COIN_USDT | 196.21 | 0 | get 0.0000% / 8h | 38m 31s | $1.2M | $7.3M | 50x |
Lighter COIN
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.012% → +0.084%
- −$7.27
- Slippage, 4 orders
- −$20.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$49.28
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Gate: live order book, 5 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, 3 min ago | 0.69 bp | 0.8 bp −$1 | 3.5 bp −$35 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 7.64 bp | 17.0 bp −$17 | 41.5 bp −$415 | 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 | 196.41 | +0.114% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0360% | 8h | 196.36 | +0.088% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0051% | 1h | 195.84 | −0.177% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.16 | −0.012% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.20 | +0.006% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.26 | +0.036% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.20 | +0.007% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.21 | +0.012% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTshort | 0.0000% | 8h | 196.21 | +0.012% | $1.2M | $7.3M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 196.44 | +0.127% | $714K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
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 | 196.45 | +0.135% | $22K | $2.8M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 196.19 | long leg | $363K | $2.3M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.19 | +0.002% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.46 | +0.139% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.10 | −0.044% | $15.2M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.10 | −0.044% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.22 | +0.017% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.18 | −0.004% | $446K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 196.19 | +0.002% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.99 | −0.100% | $988K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.32 | +0.068% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.23 | +0.022% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.19 | +0.001% | $116 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0104% | 4h | 196.45 | +0.133% | $51K | $294K | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.25 | +0.032% | $187K | $436K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 196.40 | +0.109% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
edgeX COINUSDC
BloFin COIN-USDT
Phoenix COIN