Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Binance against Lighter RH+0.138%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.110%−$11 · spread now +0.138%, 7d avg +0.060%
=Together, before fees−0.122%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.077% dearer against Lighter RH than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.060%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.011% in total) that is about 47 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 196.13 | 0.0032 | pay 0.0004% / 1h | 45m 54s | $453K | $1.5M | 10x |
| Short | Binance COINUSDT | 196.40 | 0 | get 0.0000% / 8h | 2h 45m | $14.7M | $80.7M | 20x |
Lighter RH COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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: +0.138% → +0.060%
- $7.73
- Slippage, 4 orders
- −$11.84
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$20.83
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, 12 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 RH live order book, 2 min ago | 2.04 bp | 2.9 bp −$3 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.25 bp | 7.6 bp −$8 | 16.3 bp −$163 | 69.9 bp −$6,991 | 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 | −0.0718% | 8h | 196.47 | +0.173% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.43 | +0.153% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0218% | 8h | 196.33 | +0.102% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 195.66 | −0.240% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.24 | +0.058% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.22 | +0.047% | $114K | $857K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 196.40 | +0.138% | $14.7M | $80.7M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.32 | +0.097% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.34 | +0.107% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.26 | +0.067% | $701K | $955K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | 196.57 | +0.224% | $23K | $2.5M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 196.13 | long leg | $453K | $1.5M | 10x | |
| QFEX COIN-USD | +0.0038% | 1h | 196.33 | +0.102% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.57 | +0.224% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.22 | +0.046% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.22 | +0.046% | $132K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.23 | +0.051% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.11 | −0.010% | $351K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0056% | 1h | 196.18 | +0.023% | $385K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.43 | +0.153% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.19 | +0.031% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | +0.158% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.21 | +0.041% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.22 | +0.048% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.46 | +0.168% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0708% | 4h | 196.51 | +0.195% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC