Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.017%
Price spread now: Lighter RH against Ondo Perps+0.144%56s7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.144%, 7d avg +0.060%
=Together, before fees−0.149%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.084% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.060%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 201.81 | 0.0050 | pay 0.0006% / 1h | 15m 45s | $361K | $3.3M | 10x |
| Short | Lighter RH COIN | 202.10 | 0.0032 | get 0.0004% / 1h | 15m 45s | $435K | $1.8M | 10x |
Ondo Perps COIN-USD.P
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- −$3.86
- Price spread: +0.144% → +0.060%
- $8.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.47
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 2 min ago | 1.98 bp | 3.0 bp −$3 | 8.0 bp −$80 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 201.40 | −0.203% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.16 | +0.172% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.06 | +0.125% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.11 | +0.146% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.17 | +0.178% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.99 | +0.089% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.09 | +0.139% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 202.21 | +0.198% | $6.9M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | +0.122% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.03 | +0.109% | $12K | $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
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 | +0.0032% | 1h | 202.03 | +0.109% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 202.10 | +0.144% | $435K | $1.8M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 202.23 | +0.208% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.95 | +0.069% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.09 | +0.139% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.04 | +0.114% | $88 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 201.81 | long leg | $361K | $3.3M | 10x | |
| Lighter COIN | +0.0072% | 1h | 202.10 | +0.146% | $377K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.17 | +0.178% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.89 | +0.040% | $91K | $310K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.13 | +0.159% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.12 | +0.154% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.87 | +0.030% | $200K | $342K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0133% | 1h | 202.11 | +0.149% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 201.85 | +0.020% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0427% | 4h | 201.94 | +0.063% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC