Funding you earn now, next payment 05:00 UTC−0.0672%/8h= −73.5% APRpaid last 24h −0.149%
Price spread now: Lighter against edgeX−0.089%79s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as 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−$240.239% of the position
Funding, last 7 days−0.571%−$57 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.089%, 7d avg −0.027%
=Together, before fees−0.511%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.063% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 79 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 | edgeX COINUSDC | 196.93 | 0.0784 | pay 0.0392% / 4h | 3h 40m | $51K | $294K | 10x |
| Short | Lighter COIN | 196.76 | 0.0112 | get 0.0014% / 1h | 40m 00s | $340K | $2.0M | 10x |
edgeX COINUSDC
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$141.02
- Price spread: −0.089% → −0.027%
- −$6.28
- Slippage, 4 orders
- −$14.89
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$171.2
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 13 min ago; Lighter: live order book, 7 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 edgeX live order book, 13 min ago | 5.82 bp | 10.7 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.89 bp | 1.4 bp −$1 | 2.9 bp −$29 | 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 | −0.0687% | 8h | 196.87 | −0.033% | $6.3M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.82 | −0.058% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0226% | 8h | 196.80 | −0.068% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.22 | −0.363% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.89 | −0.020% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.73 | −0.102% | $117K | $689K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.79 | −0.075% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.80 | −0.068% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.74 | −0.099% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.74 | −0.098% | $684K | $939K | — | 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 | 197.00 | +0.034% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.74 | −0.099% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.74 | −0.099% | $451K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.98 | +0.023% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.64 | −0.149% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.60 | −0.170% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.73 | −0.104% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.54 | −0.200% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.72 | −0.109% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.98 | +0.023% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.73 | −0.104% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.76 | −0.088% | $116 | — | 10x | as long as short |
| Lighter COINshort | +0.0112% | 1h | 196.76 | −0.089% | $340K | $2.0M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 196.79 | −0.073% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.84 | −0.048% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDClong | +0.0784% | 4h | 196.93 | long leg | $51K | $294K | 10x |
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
BloFin COIN-USDT
Phoenix COIN