Funding you earn now, next payment 06:00 UTC+0.0655%/8h= +71.7% APRpaid last 24h +0.164%
Price spread now: edgeX against Lighter RH−0.025%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.598%+$60 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.025%, 7d avg +0.009%
=Together, before fees+0.634%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$63 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.034% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.009%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.598% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 196.45 | 0.0032 | pay 0.0004% / 1h | 7m 41s | $458K | $1.5M | 10x |
| Short | edgeX COINUSDC | 196.40 | 0.0687 | get 0.0343% / 4h | 2h 07m | $51K | $294K | 10x |
Lighter RH COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $137.5
- Price spread: −0.025% → +0.009%
- −$3.43
- Slippage, 4 orders
- −$18.75
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $106.32
- Costs to cover
- 0.278%
- Break-even
- 1.6 days
Slippage from Lighter RH: live order book, 5 min ago; edgeX: live order book, 40 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, 5 min ago | 2.80 bp | 3.5 bp −$3 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 40 min ago | 5.60 bp | 10.5 bp −$11 | 16.7 bp −$167 | 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 | −0.0768% | 8h | 196.67 | +0.112% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.48 | +0.015% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.94 | −0.260% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0077% | 8h | 196.60 | +0.076% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.42 | −0.016% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.50 | +0.028% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.60 | +0.076% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.56 | +0.056% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.54 | +0.046% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.45 | −0.002% | $713K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
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 | 196.51 | +0.032% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 196.45 | long leg | $458K | $1.5M | 10x | |
| QFEX COIN-USD | +0.0038% | 1h | 196.50 | +0.025% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.48 | +0.015% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.43 | −0.010% | $15.3M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.41 | −0.020% | $128K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.32 | −0.066% | $450K | $2.9M | 10x | as long as short |
| SoDEX COIN-USD | +0.0060% | 1h | 196.47 | +0.010% | $90 | $3K | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.47 | +0.010% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.22 | −0.117% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.38 | −0.036% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.53 | +0.041% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.50 | +0.027% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.47 | +0.012% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.50 | +0.025% | $186K | $422K | 20x | as long as short |
| edgeX COINUSDCshort | +0.0687% | 4h | 196.40 | −0.025% | $51K | $294K | 10x |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
SoDEX COIN-USD
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT