Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.020%
Price spread now: Lighter against Lighter RH+0.016%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$110.105% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.016%, 7d avg −0.016%
=Together, before fees+0.031%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.032% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 201.95 | 0.0032 | pay 0.0004% / 1h | 45m 16s | $435K | $1.8M | 10x |
| Short | Lighter COIN | 201.98 | 0.0072 | get 0.0009% / 1h | 45m 16s | $368K | $2.0M | 10x |
Lighter RH COIN
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $8.4
- Price spread: +0.016% → −0.016%
- $3.23
- Slippage, 4 orders
- −$10.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.13
- Costs to cover
- 0.105%
- Break-even
- 6.1 days
Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 1 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, 2 min ago | 3.22 bp | 4.9 bp −$5 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.57 bp | 0.8 bp −$1 | 2.1 bp −$21 | 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 | 201.41 | −0.267% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.95 | 0.000% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.96 | +0.003% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.00 | +0.025% | $15.6M | $76.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.91 | −0.020% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.99 | +0.020% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.93 | −0.010% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.94 | −0.006% | $759K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.95 | +0.002% | $16K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.02 | +0.035% | $6.9M | $9.9M | 20x | 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_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.96 | +0.005% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 201.95 | long leg | $435K | $1.8M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 202.10 | +0.074% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.81 | −0.069% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.83 | −0.059% | $147K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.96 | +0.005% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.66 | −0.144% | $352K | $3.2M | 10x | as long as short |
| Lighter COINshort | +0.0072% | 1h | 201.98 | +0.016% | $368K | $2.0M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.96 | +0.005% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.91 | −0.020% | $91K | $429K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.92 | −0.015% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.94 | −0.003% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.05 | +0.050% | $200K | $336K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0169% | 1h | 201.90 | −0.025% | $16.4M | $13.1M | 10x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.99 | +0.020% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0605% | 4h | 201.95 | −0.001% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC