Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.023%
Price spread now: Extended against Lighter RH−0.117%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.117%, 7d avg −0.020%
=Together, before fees+0.092%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$9 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 Extended is 0.098% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 197.37 | 0.0032 | pay 0.0004% / 1h | 50m 22s | $449K | $1.5M | 10x |
| Short | Extended COIN_24_5-USD | 197.14 | 0 | get 0.0000% / 1h | 50m 22s | $119K | $697K | 10x |
Lighter RH COIN
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: −0.117% → −0.020%
- −$9.77
- Slippage, 4 orders
- −$19.2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.7
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Extended: live order book, 13 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 | 2.28 bp | 3.0 bp −$3 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 1.01 bp | 8.9 bp −$9 | 87.9 bp −$879 | doesn't fit | doesn't fit |
COIN on 25 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 | −0.0728% | 8h | 197.35 | −0.010% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.53 | +0.081% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0142% | 8h | 197.32 | −0.025% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0089% | 1h | 196.86 | −0.258% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.54 | +0.085% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 197.14 | −0.117% | $119K | $697K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 197.19 | −0.093% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.25 | −0.061% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.29 | −0.041% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.120% | $818K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.46 | +0.044% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.37 | 0.000% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.50 | +0.066% | $368K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 197.37 | long leg | $449K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.53 | +0.081% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.15 | −0.111% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.19 | −0.091% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.20 | −0.086% | $92 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.38 | +0.005% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.30 | −0.035% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.49 | +0.061% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.15 | −0.111% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.17 | −0.103% | $116 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | −0.034% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.52 | +0.076% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
edgeX COINUSDC
Phoenix COIN