Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.001%
Price spread now: Lighter RH against Binance−0.062%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.275% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.062%, 7d avg −0.045%
=Together, before fees−0.217%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BEUSDT | 275.59 | 0.0069 | pay 0.0069% / 8h | 4h 37m | $8.5M | $36.4M | 25x |
| Short | Lighter RH BE | 275.42 | 0.0032 | get 0.0004% / 1h | 37m 48s | $251K | $291K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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
- −$7.81
- Price spread: −0.062% → −0.045%
- −$1.63
- Slippage, 4 orders
- −$17.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$36.97
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Lighter RH: live order book, 19 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 Binance live order book, 4 min ago | 0.91 bp | 11.0 bp −$11 | 28.1 bp −$281 | 91.5 bp −$9,150 | doesn't fit |
| Sell Lighter RH live order book, 19 min ago | 1.45 bp | 3.7 bp −$4 | 14.4 bp −$144 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 275.36 | −0.084% | $347K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 275.30 | −0.105% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.50 | −0.033% | $1.7M | $2.5M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 275.67 | +0.029% | $6K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.59 | 0.000% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.65 | +0.022% | $13K | $34K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 275.27 | −0.116% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 275.42 | −0.062% | $251K | $291K | 10x | |
| Coinbase International BE-PERP-INTX | +0.0040% | 1h | 273.08 | −0.911% | $473K | $129K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 275.46 | −0.047% | $115K | $109K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BE-USD-PERP | +0.0046% | 1h | 275.51 | −0.029% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 275.41 | −0.065% | $5.9M | $2.6M | 10x | as long as short |
| QFEX BE-USD | +0.0052% | 1h | 275.55 | −0.015% | $1.3M | $2.7M | 10x | as long as short |
| Binance BEUSDTlong | +0.0069% | 8h | 275.59 | long leg | $8.5M | $36.4M | 25x | |
| Extended BE-USD | +0.0072% | 1h | 275.52 | −0.025% | $46K | $256K | 10x | as long as short |
| Bybit BEUSDT | +0.0083% | 8h | 275.65 | +0.022% | $2.0M | $1.2M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 275.41 | −0.065% | $371K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 275.51 | −0.030% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0132% | 8h | 275.75 | +0.058% | $2.7M | $6.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0189% | 8h | 275.73 | +0.051% | $45K | $142K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0549% | 1h | 275.52 | −0.025% | $7K | $4K | 10x | as long as short |
Binance BEUSDT
Lighter RH BE
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BE
Coinbase International BE-PERP-INTX
tradeXYZ xyz:BE
Extended BE-USD
Bybit BEUSDT
KuCoin BEUSDTM
OKX BE-USDT-SWAP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL