Funding you earn now, next payment 06:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h +0.041%
Price spread now: Gate against Lighter+0.070%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now +0.070%, 7d avg +0.084%
=Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 196.22 | 0.0080 | pay 0.0010% / 1h | 44m 38s | $385K | $2.1M | 10x |
| Short | Gate COIN_USDT | 196.36 | −0.0216 | pay 0.0216% / 8h | 2h 44m | $1.2M | $7.3M | 50x |
Lighter COIN
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$62.16
- Price spread: +0.070% → +0.084%
- −$1.46
- Slippage, 4 orders
- −$16.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$94.67
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Gate: 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 Lighter live order book, 7 min ago | 0.41 bp | 0.4 bp $0 | 1.4 bp −$14 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.82 bp | 17.3 bp −$17 | 49.3 bp −$493 | 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 | −0.0715% | 8h | 196.49 | +0.136% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.38 | +0.080% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0216% | 8h | 196.36 | +0.070% | $1.2M | $7.3M | 50x | |
| Vest COIN-USD-PERP | −0.0115% | 1h | 195.78 | −0.226% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.16 | −0.033% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.31 | +0.046% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.36 | +0.071% | $14.7M | $80.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.37 | +0.075% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.33 | +0.055% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.26 | +0.019% | $701K | $955K | — | 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 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.46 | +0.121% | $23K | $2.5M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.18 | −0.022% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.46 | +0.121% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.49 | +0.136% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.27 | +0.024% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.34 | +0.060% | $134K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.27 | +0.024% | $73 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.11 | −0.058% | $351K | $2.8M | 10x | as long as short |
| Lighter COINlong | +0.0080% | 1h | 196.22 | long leg | $385K | $2.1M | 10x | |
| Phoenix COIN | +0.0082% | 1h | 196.23 | +0.004% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.18 | −0.022% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.34 | +0.060% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.35 | +0.065% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.31 | +0.044% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.45 | +0.116% | $187K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0196% | 4h | 196.50 | +0.143% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
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