Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter RH against Vest+0.069%46s7-day average −0.147% · 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)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.069%, 7d avg −0.147%
=Together, before fees−0.076%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.216% dearer against Vest than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.147%): +$22 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 53 days. At the pace of the last 3 days (−0.002% in total) that is about 10 months. The two prices were read 46 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 | Vest COIN-USD-PERP | 201.96 | 0.0046 | pay 0.0006% / 1h | 14m 40s | — | $513K | 25x |
| Short | Lighter RH COIN | 202.10 | 0.0032 | get 0.0004% / 1h | 14m 40s | $435K | $1.8M | 10x |
Vest COIN-USD-PERP
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$2.87
- Price spread: +0.069% → −0.147%
- $21.62
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $16.75
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter RH: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.98 bp | 3.0 bp −$3 | 8.0 bp −$80 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.54 | −0.208% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.14 | +0.090% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.05 | +0.043% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.07 | +0.055% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.17 | +0.104% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.99 | +0.015% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.07 | +0.054% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 202.14 | +0.089% | $6.9M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | +0.047% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.91 | −0.025% | $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 | 202.02 | +0.030% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 202.10 | +0.069% | $435K | $1.8M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 202.22 | +0.129% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERPlong | +0.0046% | 1h | 201.96 | long leg | — | $513K | 25x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.05 | +0.045% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.05 | +0.045% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.87 | −0.045% | $361K | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0064% | 1h | 202.10 | +0.071% | $377K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.17 | +0.104% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.89 | −0.035% | $91K | $310K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.11 | +0.074% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.14 | +0.090% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.06 | +0.050% | $200K | $342K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0124% | 1h | 202.09 | +0.064% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 201.85 | −0.054% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0525% | 4h | 201.86 | −0.051% | $52K | $295K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
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