Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.038%
Price spread now: tradeXYZ against Lighter RH−0.036%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now −0.036%, 7d avg −0.008%
=Together, before fees+0.119%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.008%). If the spread goes back, that is −$3 on $10k: about 5.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.133% in total) that is about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 197.18 | 0.0032 | pay 0.0004% / 1h | 10m 17s | $448K | $1.5M | 10x |
| Short | tradeXYZ xyz:COIN | 197.11 | 0.0050 | get 0.0006% / 1h | 10m 17s | $15.4M | $13.5M | 10x |
Lighter RH COIN
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.036% → −0.008%
- −$2.73
- Slippage, 4 orders
- −$9.61
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$26.56
- Costs to cover
- 0.276%
- Break-even
- 56.2 days
Slippage from Lighter RH: live order book, 2 min ago; tradeXYZ: 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 | 1.78 bp | 2.5 bp −$3 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.76 bp | 11.2 bp −$11 | 15.7 bp −$157 | 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 | −0.0758% | 8h | 197.26 | +0.041% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.89 | −0.147% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0214% | 8h | 197.21 | +0.015% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0105% | 1h | 196.61 | −0.289% | — | $271K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.45 | +0.137% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.17 | −0.003% | $117K | $695K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.20 | +0.010% | $14.8M | $79.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.21 | +0.015% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.25 | +0.036% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.03 | −0.077% | $680K | $935K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 197.12 | −0.030% | $19K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.18 | 0.000% | $1.3M | $3.2M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.17 | −0.005% | $347K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 197.18 | long leg | $448K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.12 | −0.030% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 197.11 | −0.036% | $15.4M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.09 | −0.046% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.15 | −0.015% | $67 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.87 | −0.157% | $349K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.11 | −0.036% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.95 | −0.117% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.16 | −0.010% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.17 | −0.006% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.04 | −0.071% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 196.92 | −0.132% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0591% | 4h | 197.04 | −0.073% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
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