Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against QFEX−0.010%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 4 days (all we have)+0.025%+$2 on $10k
+Price spread, last 7 days−0.004%$0 · spread now −0.010%, 7d avg −0.004%
=Together, before fees+0.021%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 197.78 | 0.0032 | pay 0.0004% / 1h | 27m 39s | $1.3M | $2.5M | 10x |
| Short | Lighter RH COIN | 197.76 | 0.0032 | get 0.0004% / 1h | 27m 39s | $480K | $1.1M | 10x |
QFEX COIN-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against QFEX. 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
- $0.05
- Price spread: −0.010% → −0.004%
- −$0.61
- Slippage, 4 orders
- −$13.89
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$24.44
- Costs to cover
- 0.239%
- Break-even
- 3402.1 days
Slippage from QFEX: live order book, 8 min ago; Lighter RH: live order book, 3 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 QFEX live order book, 8 min ago | 1.77 bp | 6.8 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 3.28 bp | 6.0 bp −$6 | 11.0 bp −$110 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.72 | −0.030% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.89 | +0.053% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.77 | −0.006% | $106K | $853K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.84 | +0.030% | $14.6M | $75.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.85 | +0.035% | $4.7M | $5.4M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.86 | +0.040% | $3.1M | $4.3M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.90 | +0.061% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.91 | +0.066% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.90 | +0.060% | $782K | $932K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.94 | +0.081% | $10K | $3.3M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USDlong | +0.0032% | 1h | 197.78 | long leg | $1.3M | $2.5M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.76 | −0.008% | $343K | $1.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.76 | −0.010% | $480K | $1.1M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.06 | +0.142% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.64 | −0.071% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.72 | −0.030% | $14.7M | $11.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.68 | −0.051% | $120K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.80 | +0.010% | $101 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.75 | −0.015% | $334K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 197.88 | +0.051% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.88 | +0.051% | $933K | $264K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | +0.066% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.87 | +0.046% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.77 | −0.003% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.96 | +0.091% | $195K | $481K | 20x | as long as short |
| edgeX COINUSDC | +0.0789% | 4h | 197.93 | +0.075% | $51K | $292K | 10x | as long as short |
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC