Funding you earn now, next payment 01:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.062%
Price spread now: Coinbase International against Lighter−0.015%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.015%, 7d avg −0.100%
=Together, before fees−0.117%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.085% dearer against Lighter than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.100%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.150% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter INTC | 122.73 | 0.0352 | pay 0.0044% / 1h | 3m 33s | $1.5M | $2.0M | 10x |
| Short | Coinbase International INTC-PERP-INTX | 122.71 | 0.0064 | get 0.0008% / 1h | 3m 33s | $259K | $1.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$60.48
- Price spread: −0.015% → −0.100%
- $8.46
- Slippage, 4 orders
- −$13.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.96
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Coinbase International: live order book, 5 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 Lighter live order book, 3 min ago | 1.22 bp | 1.4 bp −$1 | 5.3 bp −$53 | 29.2 bp −$2,918 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.30 bp | 10.3 bp −$10 | 13.2 bp −$132 | doesn't fit | doesn't fit |
INTC on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado INTC-PERP | −0.0029% | 1h | 122.62 | −0.089% | $172K | $282K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 122.75 | +0.021% | $306K | $524K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.68 | −0.040% | $13.3M | $28.3M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.67 | −0.048% | $8.4M | $30.4M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.76 | +0.025% | $25.4M | $32.2M | 50x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 122.72 | −0.007% | $920K | $1.4M | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.73 | +0.001% | $1.7M | $50K | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0022% | 8h | 122.67 | −0.048% | $18.5M | $67.0M | 25x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.71 | −0.015% | $628K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.132% | $213 | $22K | 12x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0040% | 1h | 122.68 | −0.037% | $2K | $52K | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 122.65 | −0.064% | $93K | $308K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.60 | −0.105% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.70 | −0.020% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.68 | −0.040% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0055% | 1h | 122.66 | −0.056% | $1.6M | $12.9M | 10x | as long as short |
| Coinbase International INTC-PERP-INTXshort | +0.0064% | 1h | 122.71 | −0.015% | $259K | $1.0M | 10x | |
| Deribit INTC_USDC-PERPETUAL | +0.0076% | 1h | 122.63 | −0.081% | $21K | $107K | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.71 | −0.015% | $45K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.69 | −0.032% | $4K | $3K | 10x | as long as short |
| Variational Omni INTC | +0.0102% | 8h | 122.80 | +0.061% | $2.1M | $2.5M | — | as long as short |
| Paradex INTC-USD-PERP | +0.0106% | 8h | 122.67 | −0.048% | — | — | 5x | as long as short |
| Polymarket Perps INTC-USD | +0.0113% | 1h | 122.72 | −0.007% | $211K | $479K | 10x | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.70 | −0.025% | $49K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0144% | 1h | 122.67 | −0.048% | $338K | $1.8M | 10x | as long as short |
| Binance INTCUSDT | +0.0145% | 8h | 122.67 | −0.046% | $72.3M | $401.0M | 25x | as long as short |
| Phoenix INTC | +0.0194% | 1h | 122.71 | −0.015% | $47K | $245K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0220% | 8h | 122.64 | −0.073% | $1.2M | $89K | 20x | as long as short |
| edgeX INTCUSDC | +0.0245% | 4h | 122.71 | −0.017% | $87K | $291K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0252% | 1h | 122.67 | −0.048% | $146.3M | $69.1M | 10x | as long as short |
| Lighter INTClong | +0.0352% | 1h | 122.73 | long leg | $1.5M | $2.0M | 10x | |
| RISEx INTC/USDC | +0.0423% | 1h | 122.70 | −0.022% | $346K | $383K | 10x | as long as short |
Lighter INTC
Coinbase International INTC-PERP-INTX
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
GRVT INTC_USDT_Perp
Phemex INTCUSDT
OKX INTC-USDT-SWAP
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
SoDEX INTC-USD
Deribit INTC_USDC-PERPETUAL
ApeX Omni INTCUSDT
Variational Omni INTC
Paradex INTC-USD-PERP
Polymarket Perps INTC-USD
Extended INTC_24_5-USD
Binance INTCUSDT
Phoenix INTC
KuCoin INTCUSDTM
edgeX INTCUSDC
tradeXYZ xyz:INTC
RISEx INTC/USDC