Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.008%
Price spread now: Bitget against Lighter RH+0.035%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.035%, 7d avg +0.038%
=Together, before fees+0.058%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, 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 RH COIN | 198.24 | 0.0032 | pay 0.0004% / 1h | 46m 25s | $428K | $1.4M | 10x |
| Short | Bitget COINUSDT | 198.31 | 0 | get 0.0000% / 8h | 6h 46m | $6.3M | $9.9M | 20x |
Lighter RH COIN
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.035% → +0.038%
- −$0.28
- Slippage, 4 orders
- −$22.41
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$41.41
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago | 1.01 bp | 1.4 bp −$1 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.76 bp | 13.3 bp −$13 | 20.5 bp −$205 | 77.1 bp −$7,705 | 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 | 198.69 | +0.227% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.50 | +0.129% | $364K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.20 | −0.018% | $117K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.22 | −0.009% | $15.3M | $77.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.23 | −0.005% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.35 | +0.055% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.25 | +0.005% | $1.3M | $6.9M | 50x | as long as short |
| Bitget COINUSDTshort | 0.0000% | 8h | 198.31 | +0.035% | $6.3M | $9.9M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 198.21 | −0.013% | $822K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 199.16 | +0.463% | $15K | $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
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0026% | 1h | 197.90 | −0.172% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.22 | −0.010% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.25 | +0.006% | $389K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 198.24 | long leg | $428K | $1.4M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.84 | +0.303% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.18 | −0.030% | $16.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.15 | −0.045% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.28 | +0.020% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.02 | −0.111% | $352K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.24 | 0.000% | $985K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.97 | +0.368% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.26 | +0.010% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.23 | −0.007% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.393% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.97 | +0.368% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0518% | 4h | 199.15 | +0.458% | $52K | $295K | 10x | as long as short |
Vest COIN-USD-PERP
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
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