Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.030%
Price spread now: Lighter against BloFin+0.026%60s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.245% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.026%, 7d avg −0.025%
=Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.052% dearer against BloFin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.025%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COIN-USDT | 197.02 | 0.0120 | pay 0.0120% / 8h | 4h 11m | $187K | $392K | 20x |
| Short | Lighter COIN | 197.07 | 0.0032 | get 0.0004% / 1h | 11m 47s | $347K | $2.0M | 10x |
BloFin COIN-USDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$18.48
- Price spread: +0.026% → −0.025%
- $5.18
- Slippage, 4 orders
- −$12.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$37.82
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; Lighter: 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 BloFin live order book, 24 min ago | 0.76 bp | 9.1 bp −$9 | 14.6 bp −$146 | 34.4 bp −$3,444 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.11 bp | 3.2 bp −$3 | 5.3 bp −$53 | 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 | −0.0760% | 8h | 197.14 | +0.061% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.08 | +0.030% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0215% | 8h | 197.08 | +0.030% | $1.2M | $7.2M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0104% | 1h | 196.43 | −0.299% | — | $271K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.27 | +0.124% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.02 | −0.002% | $117K | $695K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.06 | +0.020% | $14.8M | $79.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.10 | +0.041% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.13 | +0.056% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.04 | +0.010% | $680K | $935K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
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 | 197.12 | +0.051% | $19K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.01 | −0.005% | $1.3M | $3.2M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 197.07 | +0.026% | $347K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.07 | +0.025% | $447K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.10 | +0.041% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.95 | −0.036% | $15.4M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.94 | −0.041% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.03 | +0.005% | $64 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.87 | −0.076% | $349K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.02 | 0.000% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.95 | −0.036% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.04 | +0.010% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.04 | +0.008% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 197.02 | long leg | $187K | $392K | 20x | |
| Phoenix COIN | +0.0121% | 1h | 196.92 | −0.051% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0591% | 4h | 197.04 | +0.008% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH 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
Phoenix COIN
edgeX COINUSDC