Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.055%
Price spread now: Gate against Lighter RH−0.066%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.066%, 7d avg +0.033%
=Together, before fees+0.348%+ Points / potential airdropLighter RH: Points live · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.099% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 198.27 | 0.0032 | pay 0.0004% / 1h | 44m 39s | $429K | $1.4M | 10x |
| Short | Gate COIN_USDT | 198.14 | 0 | get 0.0000% / 8h | 6h 44m | $1.3M | $6.9M | 50x |
Lighter RH COIN
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.066% → +0.033%
- −$9.89
- Slippage, 4 orders
- −$33.53
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$65.14
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Gate: live order book, 4 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 | 1.01 bp | 1.4 bp −$1 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.30 bp | 22.9 bp −$23 | 143.7 bp −$1,437 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.31 | +0.020% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.37 | +0.050% | $363K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.10 | −0.088% | $117K | $703K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.25 | −0.009% | $15.1M | $77.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.29 | +0.010% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.25 | −0.010% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDTshort | 0.0000% | 8h | 198.14 | −0.066% | $1.3M | $6.9M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 198.38 | +0.055% | $6.3M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.21 | −0.028% | $822K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 199.16 | +0.447% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0023% | 1h | 197.77 | −0.252% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.24 | −0.015% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.28 | +0.007% | $389K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 198.27 | long leg | $429K | $1.4M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.68 | +0.207% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.25 | −0.010% | $16.2M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.14 | −0.066% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.17 | −0.050% | $102 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.03 | −0.121% | $352K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.27 | 0.000% | $985K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.25 | −0.010% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.14 | −0.066% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.11 | −0.081% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.378% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.22 | −0.025% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0190% | 4h | 198.61 | +0.171% | $51K | $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