Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: QFEX against Lighter RH+0.051%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 4 days (all we have)−0.026%−$3 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now +0.051%, 7d avg +0.004%
=Together, before fees−0.060%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.048% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 195.87 | 0.0032 | pay 0.0004% / 1h | 25m 14s | $461K | $1.5M | 10x |
| Short | QFEX COIN-USD | 195.97 | 0.0045 | get 0.0006% / 1h | 25m 14s | $1.3M | $2.9M | 10x |
Lighter RH COIN
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.82
- Price spread: +0.051% → +0.004%
- $4.75
- Slippage, 4 orders
- −$10.37
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$12.8
- Costs to cover
- 0.204%
- Break-even
- 38.7 days
Slippage from Lighter RH: live order book, 2 min ago; QFEX: live order book, 8 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 | 1.28 bp | 3.7 bp −$4 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.28 bp | 6.4 bp −$6 | 8.6 bp −$86 | 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 | −0.0702% | 8h | 196.11 | +0.123% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | −0.138% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0101% | 1h | 195.39 | −0.245% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.78 | −0.046% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.94 | +0.037% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.97 | +0.051% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.95 | +0.041% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.03 | +0.082% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.05 | +0.092% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.90 | +0.016% | $711K | $973K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | 195.71 | −0.082% | $12K | $2.7M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 195.87 | long leg | $461K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.75 | −0.061% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USDshort | +0.0045% | 1h | 195.97 | +0.051% | $1.3M | $2.9M | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.87 | 0.000% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.90 | +0.015% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.93 | +0.031% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.75 | −0.061% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.81 | −0.031% | $987K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.53 | −0.174% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.93 | +0.031% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.95 | +0.039% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 195.90 | +0.013% | $364K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.99 | +0.061% | $187K | $425K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | −0.204% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 195.66 | −0.107% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
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
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC