Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.008%
Price spread now: Lighter RH against Binance+0.112%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.112%, 7d avg −0.060%
=Together, before fees−0.108%+ Points / potential airdropLighter RH: Points live · farm board−$11 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 Lighter RH is 0.172% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 196.29 | 0 | get 0.0000% / 8h | 3h 03m | $14.7M | $80.6M | 20x |
| Short | Lighter RH COIN | 196.51 | 0.0032 | get 0.0004% / 1h | 3m 21s | $454K | $1.5M | 10x |
Binance COINUSDT
Lighter RH COINFunding 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
- $6.72
- Price spread: +0.112% → −0.060%
- $17.24
- Slippage, 4 orders
- −$11.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $2.53
- Costs to cover
- 0.214%
- Break-even
- 4.4 days
Slippage from Binance: live order book, 9 min ago; Lighter RH: live order book, 4 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, 9 min ago | 0.25 bp | 7.2 bp −$7 | 13.4 bp −$134 | 61.9 bp −$6,193 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.55 bp | 3.2 bp −$3 | 8.4 bp −$84 | 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 | −0.0730% | 8h | 196.49 | +0.102% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.49 | +0.102% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0229% | 8h | 196.42 | +0.066% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.82 | −0.239% | — | $270K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.25 | −0.020% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.24 | −0.028% | $116K | $845K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 196.29 | long leg | $14.7M | $80.6M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.32 | +0.015% | $4.8M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.33 | +0.021% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.50 | +0.108% | $689K | $944K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | 196.41 | +0.059% | $20K | $2.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.32 | +0.015% | $1.3M | $3.1M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.51 | +0.112% | $454K | $1.5M | 10x | |
| Lighter COIN | +0.0040% | 1h | 196.30 | +0.007% | $380K | $2.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.58 | +0.148% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.23 | −0.030% | $15.3M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.21 | −0.041% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.33 | +0.021% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.19 | −0.051% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.27 | −0.010% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.34 | +0.026% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.28 | −0.005% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | −0.001% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.42 | +0.066% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.37 | +0.041% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0188% | 4h | 196.41 | +0.060% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
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