Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Lighter RHCOIN
163.40+0.0120pay 0.0015% / 1h58m 47s$2.3M$3.7M10xLong Lighter RH+10% pts
SHORT
BingXNCSKCOIN2USD-USDT
163.91+0.0050get 0.0050% / 8h4h 58m$944K$6.9M—Short BingX
Price gap+0.312%
Funding gap−0.0070% /8h

The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 7.6 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$37−0.0070% /8h now · paid +0.370% over the last 7D
Price+$16spread +0.312% now, avg +0.152% → +0.160% if it goes back
Costs−$160.160% of $10k · taker + slippage, in and out
Result+$37+0.37%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.312%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

COIN on 35 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • OK: Fits both order books1.2 / 6.8 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + —
    Lighter RH 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$2.10Long Lighter RH: 24 payments, −$3.60; short BingX: 3 payments, +$1.50.
  • OK: Entry gap works for you+0.312% vs +0.152%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$944K vs $2.3M OI
    BingX sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • Watch: KYCLighter RH No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0176%/8h × 21 periods+$36.98
Price spread+0.312% → +0.152% (7d avg)+$15.97
Slippage, 4 orderslive order books−$5.97
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$36.99
Costs to cover0.160%Break-evenfrom the start
Slippage: Lighter RH: live order book, 5 min ago; BingX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter RH0.921.2 bp−$13.6 bp−$36doesn’t fitdoesn’t fit
SELL · SHORTBingX0.316.8 bp−$79.6 bp−$9633.3 bp−$3,332500.6 bp−$250.3K

Closing costs about the same again.

Alert

COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →
10-23 16:53BackpackOtherEarnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-22 22:57InjectiveTokenThe second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-25 00:50InjectiveTokenThe Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-21 13:35gTrade (Gains Network)Listingnew market COIN/USD ($COIN) seen by our collector
09-18 17:30Vest MarketsOther$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗