Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%
Price spread now: Lighter RH against Bybit−0.056%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now −0.056%, 7d avg −0.065%
=Together, before fees−0.113%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 195.35 | 0 | get 0.0000% / 8h | 7h 34m | $4.7M | $6.0M | 50x |
| Short | Lighter RH COIN | 195.24 | 0.0032 | get 0.0004% / 1h | 34m 55s | $467K | $1.3M | 10x |
Bybit COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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: −0.056% → −0.065%
- $0.85
- Slippage, 4 orders
- −$22.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.85
- Costs to cover
- 0.334%
- Break-even
- 33.9 days
Slippage from Bybit: live order book, 3 min ago; Lighter RH: live order book, 3 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 Bybit live order book, 3 min ago | 4.09 bp | 13.0 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.56 bp | 2.6 bp −$3 | 6.4 bp −$64 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 194.87 | −0.246% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0120% | 8h | 195.48 | +0.067% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0061% | 1h | 194.89 | −0.235% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.53 | +0.093% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.35 | long leg | $4.7M | $6.0M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.30 | −0.026% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.35 | 0.000% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.35 | +0.001% | $658K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.113% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.25 | −0.054% | $359K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COINshort | +0.0032% | 1h | 195.24 | −0.056% | $467K | $1.3M | 10x | |
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.31 | −0.021% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0035% | 8h | 195.36 | +0.005% | $14.8M | $81.5M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.59 | +0.123% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.38 | +0.015% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.26 | −0.046% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.12 | −0.118% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.27 | −0.041% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.051% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.30 | −0.026% | $983K | $183K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.35 | 0.000% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.32 | −0.015% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.27 | −0.042% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0140% | 8h | 195.30 | −0.026% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.41 | +0.031% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.101% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Binance COINUSDT
Arcus COIN-USD
QFEX 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