Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.004%
Price spread now: Lighter RH against OKX−0.035%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.035%, 7d avg −0.018%
=Together, before fees−0.059%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 201.69 | 0 | get 0.0000% / 8h | 7h 48m | $3.3M | $4.7M | 20x |
| Short | Lighter RH COIN | 201.62 | 0.0032 | get 0.0004% / 1h | 48m 31s | $434K | $1.5M | 10x |
OKX COIN-USDT-SWAP
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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: −0.035% → −0.018%
- −$1.64
- Slippage, 4 orders
- −$24.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.72
- Costs to cover
- 0.348%
- Break-even
- 38.0 days
Slippage from OKX: live order book, 4 min ago; Lighter RH: 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 OKX live order book, 4 min ago | 1.49 bp | 14.0 bp −$14 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.73 bp | 3.1 bp −$3 | 10.0 bp −$100 | 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 | 201.52 | −0.084% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.64 | −0.025% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.64 | −0.027% | $119K | $514K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.64 | −0.025% | $15.8M | $76.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.66 | −0.015% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 201.69 | long leg | $3.3M | $4.7M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 201.64 | −0.025% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.74 | +0.025% | $6.9M | $9.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.31 | −0.187% | $839K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.78 | +0.045% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.66 | −0.015% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.62 | −0.035% | $434K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.73 | +0.020% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.49 | −0.099% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.58 | −0.055% | $16.6M | $12.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.59 | −0.050% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.58 | −0.055% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.41 | −0.139% | $359K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.75 | +0.030% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.44 | −0.124% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.62 | −0.035% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.67 | −0.010% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.67 | −0.010% | $199K | $341K | 20x | as long as short |
| Lighter COIN | +0.0184% | 1h | 201.65 | −0.021% | $376K | $1.8M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.81 | +0.059% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0498% | 4h | 201.72 | +0.013% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC