Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%
Price spread now: Binance against Lighter+0.042%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now +0.042%, 7d avg +0.076%
=Together, before fees+0.037%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.076%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 197.78 | 0.0032 | pay 0.0004% / 1h | 26m 42s | $343K | $1.9M | 10x |
| Short | Binance COINUSDT | 197.86 | 0 | get 0.0000% / 8h | 5h 26m | $14.6M | $75.1M | 20x |
Lighter COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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: +0.042% → +0.076%
- −$3.33
- Slippage, 4 orders
- −$7.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.45
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 9 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 Lighter live order book, 3 min ago | 0.63 bp | 0.6 bp −$1 | 1.3 bp −$13 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.25 bp | 8.0 bp −$8 | 17.2 bp −$172 | 49.2 bp −$4,923 | 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 PERP | −0.0440% | 1h | 197.72 | −0.028% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.91 | +0.070% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.79 | +0.009% | $106K | $853K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 197.86 | +0.042% | $14.6M | $75.1M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 197.86 | +0.042% | $4.7M | $5.4M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.85 | +0.037% | $3.1M | $4.3M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.86 | +0.042% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.90 | +0.063% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.90 | +0.062% | $782K | $932K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.94 | +0.083% | $10K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 197.78 | +0.002% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 197.78 | long leg | $343K | $1.9M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.70 | −0.038% | $480K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.06 | +0.144% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.64 | −0.069% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.68 | −0.049% | $14.7M | $11.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.64 | −0.069% | $120K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.77 | −0.003% | $103 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.75 | −0.013% | $334K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 197.88 | +0.053% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | +0.058% | $933K | $265K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | +0.068% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.82 | +0.022% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.75 | −0.013% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.83 | +0.027% | $195K | $480K | 20x | as long as short |
| edgeX COINUSDC | +0.0789% | 4h | 197.93 | +0.077% | $51K | $292K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC