Funding you earn now, next payment 10:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.157%
Price spread now: Injective against Lighter+0.264%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.866%−$87 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.264% dearer against Lighter than usual: you sell high and buy low (spread +0.264% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 196.66 | 0.0032 | pay 0.0004% / 1h | 54m 22s | $343K | $2.0M | 10x |
| Short | Injective COIN/USDC PERP | 197.18 | −0.0440 | pay 0.0055% / 1h | 54m 22s | $17K | $224K | 30x |
Lighter COIN
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$99.12
- Price spread: +0.264% → 0.000%
- $26.39
- Slippage, 4 orders
- −$46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$118.75
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Injective: live order book, 30 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, 2 min ago | 0.51 bp | 0.7 bp −$1 | 2.6 bp −$26 | doesn't fit | doesn't fit |
| Sell Injective live order book, 30 min ago | 6.91 bp | 37.7 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERPshort | −0.0440% | 1h | 197.18 | +0.264% | $17K | $224K | 30x | |
| Ondo Perps COIN-USD.P | −0.0153% | 1h | 196.75 | +0.045% | $380K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0016% | 1h | 196.87 | +0.106% | $14.8M | $12.0M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0016% | 1h | 196.73 | +0.035% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.37 | +0.358% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.13 | +0.238% | $4.6M | $5.7M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.16 | +0.254% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.97 | +0.157% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.01 | +0.177% | $6.4M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.57 | +0.460% | $670K | $831K | — | as long as short |
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
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 | 197.88 | +0.621% | $15K | $3.0M | 10x | as long as short |
| Binance COINUSDT | +0.0012% | 8h | 197.12 | +0.233% | $14.6M | $79.2M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 196.72 | +0.030% | $105K | $848K | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 196.66 | long leg | $343K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.70 | +0.020% | $470K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 196.84 | +0.091% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.97 | +0.157% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.74 | +0.040% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | +0.177% | $80 | $3K | 10x | as long as short |
| BloFin COIN-USDT | +0.0072% | 8h | 197.12 | +0.233% | $189K | $487K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.91 | +0.127% | $929K | $231K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.85 | +0.605% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.11 | +0.228% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.07 | +0.205% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 197.73 | +0.544% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0887% | 4h | 197.67 | +0.515% | $51K | $293K | 10x | as long as short |
GRVT COIN_USDT_Perp
Binance COINUSDT
Extended COIN_24_5-USD
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC