Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.019%
Price spread now: Coinbase International against Lighter RH−0.048%7-day average −0.235% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.048%, 7d avg −0.235%
=Together, before fees+0.213%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.188% dearer against Lighter RH than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.235%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 273.17 | 0.0032 | pay 0.0004% / 1h | 14m 14s | $249K | $290K | 10x |
| Short | Coinbase International BE-PERP-INTX | 273.04 | 0.0064 | get 0.0008% / 1h | 14m 14s | $476K | $136K | 10x |
Lighter RH BE
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter RH. 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
- $6.72
- Price spread: −0.048% → −0.235%
- $18.78
- Slippage, 4 orders
- −$22.42
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$6.92
- Costs to cover
- 0.324%
- Break-even
- 14.2 days
Slippage from Lighter RH: live order book, 38 min ago; Coinbase International: live order book, 39 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 RH live order book, 38 min ago | 5.83 bp | 5.9 bp −$6 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 39 min ago | 4.55 bp | 9.6 bp −$10 | 19.3 bp −$193 | 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 | 273.07 | −0.035% | $344K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 273.26 | +0.032% | $47K | $262K | 10x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.20 | +0.011% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.28 | +0.040% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 273.20 | +0.010% | $7K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.31 | +0.051% | $981 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.40 | +0.084% | $13K | $35K | 20x | as long as short |
| Binance BEUSDT | +0.0001% | 8h | 273.32 | +0.053% | $8.4M | $36.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0003% | 8h | 273.52 | +0.128% | $45K | $143K | 20x | as long as short |
| Bybit BEUSDT | +0.0011% | 8h | 273.32 | +0.055% | $2.0M | $1.1M | 25x | as long as short |
Aster BEUSDT
Extended BE-USD
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Binance BEUSDT
BloFin BE-USDT
Bybit BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 273.00 | −0.062% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 273.17 | long leg | $249K | $290K | 10x | |
| QFEX BE-USD | +0.0036% | 1h | 273.23 | +0.022% | $1.3M | $2.6M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.17 | 0.000% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.24 | +0.026% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 273.16 | −0.004% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0064% | 1h | 273.04 | −0.048% | $476K | $136K | 10x | |
| OKX BE-USDT-SWAP | +0.0084% | 8h | 273.10 | −0.026% | $2.6M | $6.9M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.19 | +0.007% | $369K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.22 | +0.019% | — | — | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0519% | 1h | 273.24 | +0.026% | $6K | $4K | 10x | as long as short |
Lighter BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
OKX BE-USDT-SWAP
KuCoin BEUSDTM
Aevo BE-PERP
Deribit BE_USDC-PERPETUAL