Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.006%
Price spread now: Lighter against Orderly−0.111%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.111% cheaper against Orderly than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 197.05 | 0.0100 | pay 0.0100% / 8h | 4h 18m | $570 | $4K | 10x |
| Short | Lighter COIN | 196.83 | 0.0032 | get 0.0004% / 1h | 18m 35s | $346K | $2.0M | 10x |
Orderly PERP_COIN_USDC_mythos
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$14.28
- Price spread: −0.111% → 0.000%
- −$11.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.34
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.81 bp | 0.9 bp −$1 | 2.3 bp −$23 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0760% | 8h | 197.22 | +0.086% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.94 | −0.056% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0223% | 8h | 196.93 | −0.061% | $1.2M | $7.2M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0100% | 1h | 196.56 | −0.249% | — | $271K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.12 | +0.038% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.81 | −0.121% | $118K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.85 | −0.102% | $14.8M | $79.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.90 | −0.076% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.00 | −0.025% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.98 | −0.036% | $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 | 197.22 | +0.088% | $16K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 196.78 | −0.137% | $1.3M | $3.2M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 196.83 | −0.111% | $346K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.85 | −0.101% | $446K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.16 | +0.056% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.77 | −0.142% | $15.4M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.94 | −0.056% | $135K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.03 | −0.010% | $60 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.02 | −0.015% | $349K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.83 | −0.112% | $991K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.97 | −0.041% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 197.05 | long leg | $570 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.03 | −0.008% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.07 | +0.010% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.19 | +0.071% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0473% | 4h | 197.12 | +0.036% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC