Funding you earn now, next payment 02:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h +0.026%
Price spread now: tradeXYZ against Lighter−0.085%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.085%, 7d avg +0.005%
=Together, before fees+0.125%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.089% cheaper against Lighter than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.005%). If the spread goes back, that is −$9 on $10k: about 48 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.106% in total) that is about 5.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 199.25 | 0.0040 | pay 0.0005% / 1h | 56m 26s | $396K | $2.0M | 10x |
| Short | tradeXYZ xyz:COIN | 199.08 | 0.0190 | get 0.0024% / 1h | 56m 26s | $16.4M | $13.1M | 10x |
Lighter COIN
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $31.49
- Price spread: −0.085% → +0.005%
- −$8.94
- Slippage, 4 orders
- −$8.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$4
- Costs to cover
- 0.265%
- Break-even
- 7.9 days
Slippage from Lighter: live order book, 5 min ago; tradeXYZ: live order book, 3 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 | 1.62 bp | 1.7 bp −$2 | 1.7 bp −$17 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.00 bp | 12.3 bp −$12 | 19.4 bp −$194 | 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 | 199.60 | +0.176% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.58 | +0.168% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 199.26 | +0.006% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 199.18 | −0.035% | $15.5M | $75.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.14 | −0.055% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.22 | −0.015% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.36 | +0.056% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.31 | +0.031% | $6.8M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 200.23 | +0.492% | $830K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.08 | +0.416% | $16K | $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 | +0.0028% | 1h | 199.19 | −0.030% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.29 | +0.021% | $426K | $1.4M | 10x | as long as short |
| Lighter COINlong | +0.0040% | 1h | 199.25 | long leg | $396K | $2.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 199.92 | +0.337% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.94 | −0.155% | — | $286K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.10 | −0.075% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.44 | +0.096% | $103 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | +0.312% | $353K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.44 | +0.096% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 199.88 | +0.317% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.53 | +0.141% | $577 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.40 | +0.074% | $118 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.44 | +0.096% | $197K | $375K | 20x | as long as short |
| tradeXYZ xyz:COINshort | +0.0190% | 1h | 199.08 | −0.085% | $16.4M | $13.1M | 10x | |
| Phoenix COIN | +0.0237% | 1h | 200.30 | +0.527% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0986% | 4h | 200.01 | +0.381% | $52K | $296K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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