Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.006%
Price spread now: Orderly against Lighter+0.008%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.42 | 0.0120 | pay 0.0015% / 1h | 30m 15s | $356K | $2.2M | 10x |
| Short | Orderly PERP_COIN_USDC_mythos | 195.44 | 0.0100 | get 0.0100% / 8h | 2h 30m | $565 | $4K | 10x |
Lighter COIN
Orderly PERP_COIN_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.2
- Price spread: +0.008% → 0.000%
- $0.82
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$9.38
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.
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, 6 min ago | 0.79 bp | 1.6 bp −$2 | 3.9 bp −$39 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0797% | 8h | 195.60 | +0.090% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.00 | +0.295% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0148% | 8h | 195.48 | +0.029% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 194.74 | −0.350% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.52 | +0.051% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.41 | −0.009% | $114K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.47 | +0.022% | $14.6M | $81.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.47 | +0.024% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.58 | +0.080% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.38 | −0.023% | $709K | $962K | — | 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 | 195.49 | +0.033% | $13K | $2.5M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.35 | −0.038% | $455K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 195.47 | +0.024% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.67 | +0.126% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.23 | −0.099% | $15.1M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.26 | −0.084% | $131K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.37 | −0.028% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.50 | +0.039% | $364K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.61 | +0.095% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.33 | −0.048% | $984K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.36 | −0.033% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythosshort | +0.0100% | 8h | 195.44 | +0.008% | $565 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 195.31 | −0.057% | $115 | — | 10x | as long as short |
| Lighter COINlong | +0.0120% | 1h | 195.42 | long leg | $356K | $2.2M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 195.29 | −0.069% | $188K | $417K | 20x | as long as short |
| edgeX COINUSDC | +0.0647% | 4h | 195.54 | +0.060% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC