Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.018%
Price spread now: Extended against Lighter RH+0.022%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.022%, 7d avg −0.018%
=Together, before fees−0.046%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.040% dearer against Lighter RH than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.018%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 195.50 | 0.0032 | pay 0.0004% / 1h | 29m 36s | $460K | $1.5M | 10x |
| Short | Extended COIN_24_5-USD | 195.54 | 0 | get 0.0000% / 1h | 29m 36s | $116K | $790K | 10x |
Lighter RH COIN
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.022% → −0.018%
- $3.99
- Slippage, 4 orders
- −$18.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$26.61
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Extended: live order book, 13 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, 3 min ago | 2.05 bp | 2.7 bp −$3 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 1.02 bp | 9.0 bp −$9 | 75.1 bp −$751 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0722% | 8h | 195.72 | +0.113% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.45 | −0.026% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0104% | 1h | 194.79 | −0.363% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.49 | −0.005% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 195.54 | +0.022% | $116K | $790K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 195.58 | +0.041% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.49 | −0.005% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.51 | +0.005% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.53 | +0.015% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.44 | −0.030% | $709K | $940K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.46 | −0.021% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 195.50 | long leg | $460K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.51 | +0.005% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.45 | −0.026% | $1.3M | $2.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.40 | −0.051% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.50 | 0.000% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.30 | −0.102% | $443K | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0051% | 1h | 195.41 | −0.046% | $15.2M | $13.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.43 | −0.036% | $985K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.28 | −0.113% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.48 | −0.010% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.51 | +0.004% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.51 | +0.005% | $187K | $423K | 20x | as long as short |
| Lighter COIN | +0.0128% | 1h | 195.50 | +0.001% | $363K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.26 | −0.123% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0227% | 4h | 195.36 | −0.073% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Arcus COIN-USD
QFEX COIN-USD
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC