Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.007%
Price spread now: Binance against Lighter RH+0.051%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 2 days (all we have)−0.042%−$4 · spread now +0.051%, 7d avg +0.030%
=Together, before fees−0.054%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.022% dearer against Lighter RH than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.030%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.011% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 201.50 | 0.0032 | pay 0.0004% / 1h | 7m 22s | $432K | $1.8M | 10x |
| Short | Binance COINUSDT | 201.60 | 0 | get 0.0000% / 8h | 1h 07m | $15.6M | $76.8M | 20x |
Lighter RH COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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: +0.051% → +0.030%
- $2.15
- Slippage, 4 orders
- −$14.34
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.9
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, just now; Binance: 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 RH live order book, just now | 3.47 bp | 3.5 bp −$3 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.25 bp | 7.7 bp −$8 | 13.9 bp −$139 | 49.2 bp −$4,919 | 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 | 201.27 | −0.114% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.61 | +0.057% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.47 | −0.013% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 201.60 | +0.051% | $15.6M | $76.8M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 201.59 | +0.045% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.63 | +0.065% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.58 | +0.040% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.57 | +0.035% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.52 | +0.011% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.66 | +0.078% | $19K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | +0.0016% | 1h | 201.54 | +0.020% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.50 | −0.002% | $371K | $2.1M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 201.50 | long leg | $432K | $1.8M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.67 | +0.084% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.49 | −0.005% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.52 | +0.010% | $139K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.49 | −0.005% | $87 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.20 | −0.149% | $361K | $3.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0085% | 1h | 201.53 | +0.015% | $16.5M | $13.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.60 | +0.050% | $1.0M | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.60 | +0.050% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.61 | +0.055% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.49 | −0.004% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.60 | +0.050% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.69 | +0.094% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0479% | 4h | 201.53 | +0.016% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC