Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter RH against Lighter−0.006%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$100.098% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.006%, 7d avg +0.016%
=Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter RH is 0.023% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 201.47 | 0.0192 | pay 0.0024% / 1h | 50m 25s | $376K | $1.8M | 10x |
| Short | Lighter RH COIN | 201.46 | 0.0032 | get 0.0004% / 1h | 50m 25s | $434K | $1.5M | 10x |
Lighter COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$33.6
- Price spread: −0.006% → +0.016%
- −$2.25
- Slippage, 4 orders
- −$9.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$45.7
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Lighter RH: 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, 1 min ago | 0.69 bp | 0.9 bp −$1 | 3.5 bp −$35 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.73 bp | 3.1 bp −$3 | 10.0 bp −$100 | 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 | 201.29 | −0.091% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.57 | +0.047% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.64 | +0.081% | $119K | $491K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.65 | +0.088% | $15.8M | $76.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.59 | +0.058% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.68 | +0.103% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.62 | +0.073% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.73 | +0.128% | $6.9M | $9.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.31 | −0.079% | $839K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.78 | +0.152% | $12K | $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
Bitget COINUSDT
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 | 201.57 | +0.048% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.46 | −0.006% | $434K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.75 | +0.137% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.45 | −0.011% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.57 | +0.048% | $16.6M | $12.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.55 | +0.038% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.48 | +0.003% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.35 | −0.061% | $359K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.72 | +0.123% | $1.0M | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.58 | +0.053% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.61 | +0.068% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.11 | +0.318% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.38 | −0.046% | $199K | $340K | 20x | as long as short |
| Lighter COINlong | +0.0192% | 1h | 201.47 | long leg | $376K | $1.8M | 10x | |
| Phoenix COIN | +0.0237% | 1h | 201.81 | +0.167% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0498% | 4h | 201.72 | +0.121% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
edgeX COINUSDC