Funding you earn now, next payment 03:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h −0.056%
Price spread now: Lighter RH against Gate−0.010%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.010%, 7d avg −0.033%
=Together, before fees−0.272%+ Points / potential airdropLighter RH: Points live · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter RH is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, 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 | Gate COIN_USDT | 197.22 | −0.0142 | get 0.0142% / 8h | 5h 48m | $1.2M | $7.0M | 50x |
| Short | Lighter RH COIN | 197.20 | 0.0032 | get 0.0004% / 1h | 48m 08s | $449K | $1.5M | 10x |
Gate COIN_USDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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
- $36.54
- Price spread: −0.010% → −0.033%
- $2.32
- Slippage, 4 orders
- −$21.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $2.59
- Costs to cover
- 0.363%
- Break-even
- 6.5 days
Slippage from Gate: live order book, just now; 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 Gate live order book, just now | 4.82 bp | 16.2 bp −$16 | 119.1 bp −$1,191 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.28 bp | 3.5 bp −$3 | 9.9 bp −$99 | doesn't fit | doesn't fit |
COIN on 25 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 | −0.0747% | 8h | 197.28 | +0.030% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.19 | −0.015% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0142% | 8h | 197.22 | long leg | $1.2M | $7.0M | 50x | |
| Vest COIN-USD-PERP | −0.0091% | 1h | 196.74 | −0.243% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.33 | +0.056% | $348K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.19 | −0.017% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.26 | +0.019% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.26 | +0.020% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.25 | +0.015% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.196% | $818K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.63 | +0.208% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.20 | −0.010% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.21 | −0.007% | $370K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.20 | −0.010% | $449K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.38 | +0.081% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.14 | −0.041% | $15.6M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.11 | −0.056% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.18 | −0.020% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.06 | −0.081% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.21 | −0.005% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.49 | +0.137% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.21 | −0.005% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.19 | −0.014% | $116 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | +0.042% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.44 | +0.112% | $5K | $281K | 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
edgeX COINUSDC
Phoenix COIN