Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Aster−0.038%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2112.114% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.038%, 7d avg −0.010%
=Together, before fees+0.093%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COINUSDT | 198.08 | 0 | get 0.0000% / 8h | 6h 15m | $345K | $871K | 20x |
| Short | Lighter RH COIN | 198.00 | 0.0032 | get 0.0004% / 1h | 15m 44s | $481K | $1.2M | 10x |
Aster COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −0.038% → −0.010%
- −$2.78
- Slippage, 4 orders
- −$203.35
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$207.41
- Costs to cover
- 2.114%
- Break-even
- 223.1 days
Slippage from Aster: live order book, 35 min ago; Lighter RH: live order book, 5 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, 35 min ago | 51.32 bp | 142.6 bp −$143 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 3.28 bp | 3.8 bp −$4 | 7.4 bp −$74 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.11 | −0.487% | $17K | $224K | 30x | as long as short |
| Aster COINUSDTlong | 0.0000% | 8h | 198.08 | long leg | $345K | $871K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.03 | −0.024% | $105K | $856K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.05 | −0.011% | $14.5M | $76.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.02 | −0.028% | $4.6M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.02 | −0.028% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.14 | +0.033% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.12 | +0.023% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.00 | −0.037% | $768K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.08 | +0.002% | $21K | $3.1M | 10x | as long as short |
Injective COIN/USDC PERP
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.99 | −0.042% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 198.00 | −0.038% | $481K | $1.2M | 10x | |
| QFEX COIN-USD | +0.0036% | 1h | 198.06 | −0.008% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.11 | +0.018% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.94 | −0.068% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.95 | −0.063% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.99 | −0.043% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.98 | −0.048% | $95 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.82 | −0.129% | $342K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.03 | −0.023% | $934K | $229K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | −0.018% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.13 | +0.028% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.98 | −0.046% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.98 | −0.048% | $192K | $490K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.94 | −0.068% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0225% | 4h | 198.04 | −0.017% | $51K | $294K | 10x | as long as short |
Lighter COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC