Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.060%
Price spread now: Coinbase International against Lighter+0.539%7-day average −0.227% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs+$45as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days−0.576%−$58 on $10k
+Price spread, last 4 days (all we have)−0.618%−$62 · spread now +0.539%, 7d avg −0.227%
=Together, before fees−1.194%+ Points / potential airdropLighter: Season 3 · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.766% dearer against Lighter than usual: you sell high and buy low (spread +0.539% now, against its 7-day average of −0.227%): +$77 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 941.17 | 0.0032 | pay 0.0004% / 1h | 51m 23s | $24K | $102K | 10x |
| Short | Coinbase International LITE-PERP-INTX | 946.24 | −0.0112 | pay 0.0014% / 1h | 51m 23s | $93K | $215K | 10x |
Lighter LITE
Coinbase International LITE-PERP-INTXFunding 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
- −$30.24
- Price spread: +0.539% → −0.227%
- $76.58
- Slippage, 4 orders
- −$21.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.94
- Costs to cover
- 0.314%
- Break-even
- from the start
Slippage from Lighter: live order book, 19 min ago; Coinbase International: live order book, 46 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, 19 min ago | 1.00 bp | 2.1 bp −$2 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 46 min ago | 7.58 bp | 12.6 bp −$13 | 19.3 bp −$193 | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT LITE_USDT_Perp | −0.0844% | 8h | 940.91 | −0.028% | $546 | $192K | 10x | as long as short |
| Bybit LITEUSDT | −0.0558% | 8h | 940.60 | −0.061% | $1.8M | $2.0M | 25x | as long as short |
| Deribit LITE_USDC-PERPETUAL | −0.0409% | 1h | 940.75 | −0.045% | $18K | $41K | 10x | as long as short |
| Coinbase International LITE-PERP-INTXshort | −0.0112% | 1h | 946.24 | +0.539% | $93K | $215K | 10x | |
| Bitget LITEUSDT | −0.0109% | 8h | 941.04 | −0.014% | $2.6M | $3.1M | 20x | as long as short |
| BloFin LITE-USDT | −0.0025% | 8h | 941.22 | +0.005% | $216K | $242K | 20x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 941.41 | +0.025% | $106K | $30K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 940.89 | −0.029% | $48K | $247K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 941.12 | −0.005% | $12.0M | $49.8M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 941.29 | +0.013% | $3.6M | $18.5M | 25x | as long as short |
GRVT LITE_USDT_Perp
Bybit LITEUSDT
Deribit LITE_USDC-PERPETUAL
Bitget LITEUSDT
BloFin LITE-USDT
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
OKX LITE-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LITE_USDT | 0.0000% | 8h | 941.53 | +0.038% | $7.9M | $6.3M | 50x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 944.82 | +0.388% | $260K | $140K | — | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 941.20 | +0.003% | $823 | $3.7M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 940.68 | −0.052% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 941.71 | +0.057% | $1.5M | $742K | 10x | as long as short |
| SoDEX LITE-USD | +0.0009% | 1h | 940.74 | −0.046% | $23K | $9K | 10x | as long as short |
| QFEX LITE-USD | +0.0014% | 1h | 940.50 | −0.071% | $1.1M | $3.8M | 10x | as long as short |
| Lighter LITElong | +0.0032% | 1h | 941.17 | long leg | $24K | $102K | 10x | |
| ApeX Omni LITEUSDT | +0.0039% | 1h | 940.97 | −0.021% | $16K | $266K | 50x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 939.81 | −0.145% | — | $3K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0050% | 1h | 941.18 | +0.001% | $7.7M | $5.7M | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 941.30 | +0.014% | $73K | $220K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 941.05 | −0.013% | $33K | $355K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 942.41 | +0.132% | $517K | $68K | 20x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 941.24 | +0.007% | $915 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 940.87 | −0.032% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0721% | 4h | 940.63 | −0.058% | $58K | $476K | 10x | as long as short |
Gate LITE_USDT
Variational Omni LITE
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDT
SoDEX LITE-USD
QFEX LITE-USD
ApeX Omni LITEUSDT
Vest LITE-USD-PERP
tradeXYZ xyz:LITE
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
edgeX LITEUSDC