Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.024%
Price spread now: Lighter against Aster−0.093%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.093%, 7d avg −0.025%
=Together, before fees+0.195%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.068% cheaper against Aster than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.025%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.105% in total) that is about 4.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COINUSDT | 195.13 | 0 | get 0.0000% / 8h | 2h 25m | $340K | $890K | 20x |
| Short | Lighter COIN | 194.95 | 0.0104 | get 0.0013% / 1h | 25m 26s | $354K | $2.2M | 10x |
Aster COINUSDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- $21.84
- Price spread: −0.093% → −0.025%
- −$6.79
- Slippage, 4 orders
- −$109.43
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$102.38
- Costs to cover
- 1.174%
- Break-even
- 39.8 days
Slippage from Aster: live order book, 22 min ago; Lighter: live order book, 6 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 Aster live order book, 22 min ago | 52.13 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.64 bp | 1.6 bp −$2 | 4.1 bp −$41 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0851% | 8h | 195.29 | +0.080% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.33 | +0.101% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0128% | 8h | 195.15 | +0.008% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0112% | 1h | 194.43 | −0.361% | — | $289K | 25x | as long as short |
| Aster COINUSDTlong | 0.0000% | 8h | 195.13 | long leg | $340K | $890K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.05 | −0.042% | $113K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.13 | 0.000% | $14.6M | $81.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.07 | −0.033% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.08 | −0.027% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.11 | −0.011% | $708K | $962K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.58 | +0.230% | $15K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 194.94 | −0.099% | $455K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 195.12 | −0.007% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.35 | +0.111% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.95 | −0.094% | $15.1M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 194.97 | −0.084% | $127K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.07 | −0.033% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.98 | −0.079% | $363K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.00 | −0.068% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.98 | −0.079% | $983K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 194.98 | −0.079% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.06 | −0.038% | $564 | $4K | 10x | as long as short |
| Lighter COINshort | +0.0104% | 1h | 194.95 | −0.093% | $354K | $2.2M | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 195.04 | −0.049% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.09 | −0.022% | $187K | $417K | 20x | as long as short |
| edgeX COINUSDC | +0.0690% | 4h | 195.16 | +0.014% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC