S

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1328%/8h= +145.4% APRnext payment +$1.66 per $10,000 · paid last 24h +0.567%

Price spread now: Lighter against Coinbase International+0.581%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Lighter is 0.581% dearer against Coinbase International than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International S-PERP-INTX	0.03961	−0.1232	get 0.0154% / 1h	29m 46s	$48K	$18K	25x
Short	Lighter S	0.03984	0.0096	get 0.0012% / 1h	29m 46s	$169K	$139K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.581%Rate

Funding earned: $278.88
Price spread: +0.581% → 0.000%: $58.07
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $326.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 65 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Lighter live order book, 65 min ago	17.71 bp	28.3 bp −$28	95.9 bp −$959	doesn't fit	doesn't fit

Coinbase International: 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.

S on 25 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
01 Exchange SUSD	−0.8920%	1h	0.03840	−3.055%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1827%	1h	0.03980	+0.472%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTXlong	−0.1232%	1h	0.03961	long leg	$48K	$18K	25x
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03982	+0.535%	$1K	—	100x	as long as short
Variational Omni S	−0.0140%	4h	0.03978	+0.439%	$617K	$28K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03981	+0.515%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03981	+0.506%	$614	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.509%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03981	+0.505%	$99K	$528K	10x	as long as short
Lighter Sshort	+0.0096%	1h	0.03984	+0.581%	$169K	$139K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03981	+0.500%	$1.0M	$594K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03982	+0.531%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03980	+0.473%	$5.6M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03972	+0.278%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03978	+0.429%	$999K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03983	+0.555%	$324K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03978	+0.429%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03978	+0.429%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03985	+0.606%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03980	+0.480%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03980	+0.480%	$24K	$484K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03982	+0.522%	$224K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03990	+0.732%	$270K	$108K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0755%	1h	0.03986	+0.631%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2162%	1h	0.03990	+0.732%	$116K	$426K	5x	as long as short