Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.021%
Price spread now: Vest against Lighter−0.063%7-day average +0.127% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.063%, 7d avg +0.127%
=Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.189% cheaper against Lighter than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.127%). If the spread goes back, that is −$19 on $10k: about 46 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 197.76 | 0.0032 | pay 0.0004% / 1h | 27m 31s | $343K | $1.9M | 10x |
| Short | Vest COIN-USD-PERP | 197.64 | 0.0046 | get 0.0006% / 1h | 27m 31s | — | $275K | 25x |
Lighter COIN
Vest COIN-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $2.87
- Price spread: −0.063% → +0.127%
- −$18.94
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$18.07
- Costs to cover
- 0.020%
- Break-even
- 51.0 days
Slippage unknown: Lighter: live order book, 2 min ago; Vest: 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, 2 min ago | 0.63 bp | 0.6 bp −$1 | 1.3 bp −$13 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 exchanges
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 | 197.72 | −0.022% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.89 | +0.061% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.77 | +0.002% | $106K | $853K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.84 | +0.038% | $14.6M | $75.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.85 | +0.043% | $4.7M | $5.4M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.86 | +0.049% | $3.1M | $4.3M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.90 | +0.069% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.91 | +0.074% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.90 | +0.068% | $782K | $932K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.94 | +0.089% | $10K | $3.3M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 197.78 | +0.008% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 197.76 | long leg | $343K | $1.9M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.76 | −0.002% | $480K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.06 | +0.150% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERPshort | +0.0046% | 1h | 197.64 | −0.063% | — | $275K | 25x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.72 | −0.022% | $14.7M | $11.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.68 | −0.042% | $120K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.80 | +0.018% | $101 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.75 | −0.007% | $334K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 197.88 | +0.059% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.88 | +0.059% | $933K | $264K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | +0.074% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.87 | +0.054% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.77 | +0.005% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.96 | +0.099% | $195K | $481K | 20x | as long as short |
| edgeX COINUSDC | +0.0789% | 4h | 197.93 | +0.083% | $51K | $292K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
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
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC