Funding you earn now, next payment 05:00 UTC+0.0171%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Vest+0.282%7-day average −0.148% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.282%, 7d avg −0.148%
=Together, before fees−0.267%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.430% dearer against Vest than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.148%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest COIN-USD-PERP | 196.20 | −0.0107 | get 0.0013% / 1h | 19m 16s | — | $262K | 25x |
| Short | Lighter COIN | 196.75 | 0.0064 | get 0.0008% / 1h | 19m 16s | $385K | $2.1M | 10x |
Vest COIN-USD-PERP
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- $35.99
- Price spread: +0.282% → −0.148%
- $43.02
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $77.01
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 0.03 bp | 0.3 bp $0 | 2.5 bp −$25 | doesn't fit | doesn't fit |
Vest: 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 | −0.0734% | 8h | 196.84 | +0.326% | $6.2M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.73 | +0.270% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0220% | 8h | 196.81 | +0.311% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERPlong | −0.0107% | 1h | 196.20 | long leg | — | $262K | 25x | |
| Aster COINUSDT | 0.0000% | 8h | 196.63 | +0.219% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.72 | +0.263% | $116K | $644K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.74 | +0.276% | $14.7M | $80.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.76 | +0.285% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.75 | +0.280% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.75 | +0.281% | $683K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
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 | 196.74 | +0.277% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.76 | +0.285% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.71 | +0.260% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.73 | +0.270% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.63 | +0.219% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.66 | +0.234% | $133K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.74 | +0.275% | $89 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.34 | +0.071% | $359K | $2.7M | 10x | as long as short |
| Lighter COINshort | +0.0064% | 1h | 196.75 | +0.282% | $385K | $2.1M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.75 | +0.280% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.62 | +0.214% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.74 | +0.275% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.75 | +0.281% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.76 | +0.285% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.78 | +0.296% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0864% | 4h | 196.61 | +0.209% | $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
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC