Funding you earn now, next payment 12:00 UTC+0.0472%/8h= +51.7% APRnext payment +$0.59 per $10,000 · paid last 24h +0.153%
Price spread now: Lighter against Injective+0.136%96s7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs+$45as 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−$410.415% of the position
Funding, last 7 days+0.866%+$87 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.136%, 7d avg +0.066%
=Together, before fees+0.787%+ Points / potential airdropLighter: Season 3 · farm board+$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.070% dearer against Injective than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 96 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 | Injective COIN/USDC PERP | 198.44 | −0.0440 | get 0.0055% / 1h | 43m 19s | $17K | $222K | 30x |
| Short | Lighter COIN | 198.71 | 0.0032 | get 0.0004% / 1h | 43m 19s | $344K | $1.9M | 10x |
Injective COIN/USDC PERP
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $99.12
- Price spread: +0.136% → +0.066%
- $6.98
- Slippage, 4 orders
- −$41.46
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $64.62
- Costs to cover
- 0.415%
- Break-even
- 2.4 days
Slippage from Injective: live order book, 64 min ago; Lighter: live order book, 1 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 Injective live order book, 64 min ago | 19.91 bp | 19.9 bp −$20 | 438.5 bp −$4,385 | 94384.1 bp −$9.44M | 511919.6 bp −$255.96M |
| Sell Lighter live order book, 1 min ago | 0.78 bp | 0.8 bp −$1 | 1.4 bp −$14 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 PERPlong | −0.0440% | 1h | 198.44 | long leg | $17K | $222K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 198.62 | +0.093% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.73 | +0.149% | $106K | $919K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.82 | +0.191% | $14.7M | $74.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.85 | +0.207% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.83 | +0.197% | $3.1M | $3.9M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.86 | +0.212% | $1.2M | $6.2M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.88 | +0.222% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.01 | −0.217% | $787K | $906K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.43 | −0.005% | $12K | $3.4M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COINshort | +0.0032% | 1h | 198.71 | +0.136% | $344K | $1.9M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 198.75 | +0.156% | $487K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 198.75 | +0.156% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.87 | +0.217% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.62 | +0.091% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.63 | +0.096% | $14.7M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.69 | +0.126% | $119K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.57 | +0.066% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.53 | +0.045% | $330K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.65 | +0.106% | $937K | $270K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.32 | −0.060% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.67 | +0.116% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.59 | +0.078% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.46 | +0.010% | $196K | $481K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.42 | −0.010% | $5K | $268K | 10x | as long as short |
| edgeX COINUSDC | +0.0222% | 4h | 198.27 | −0.084% | $51K | $295K | 10x | as long as short |
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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