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: Lighter RH against tradeXYZ+0.046%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as 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+0.004%$0 · spread now +0.046%, 7d avg +0.008%
=Together, before fees−0.129%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.038% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.133% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 196.96 | 0.0050 | pay 0.0006% / 1h | 11m 16s | $15.4M | $13.5M | 10x |
| Short | Lighter RH COIN | 197.05 | 0.0032 | get 0.0004% / 1h | 11m 16s | $447K | $1.5M | 10x |
tradeXYZ xyz:COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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: +0.046% → +0.008%
- $3.75
- Slippage, 4 orders
- −$9.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.64
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Lighter RH: live order book, 1 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 tradeXYZ live order book, 7 min ago | 0.76 bp | 10.7 bp −$11 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.78 bp | 3.2 bp −$3 | 9.4 bp −$94 | 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 | −0.0759% | 8h | 197.15 | +0.096% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.89 | −0.036% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0215% | 8h | 197.09 | +0.066% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0105% | 1h | 196.43 | −0.269% | — | $271K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.25 | +0.147% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.96 | −0.001% | $117K | $695K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.01 | +0.026% | $14.8M | $79.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.10 | +0.071% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.11 | +0.076% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.04 | +0.041% | $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 | +0.082% | $19K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.02 | +0.030% | $1.3M | $3.2M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.05 | +0.046% | $347K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.05 | +0.046% | $447K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.11 | +0.076% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 196.96 | long leg | $15.4M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.92 | −0.020% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.99 | +0.015% | $63 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.87 | −0.046% | $349K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.99 | +0.015% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.95 | −0.005% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.04 | +0.041% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.01 | +0.023% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.04 | +0.041% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 196.92 | −0.020% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0591% | 4h | 197.04 | +0.038% | $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