Funding you earn now, next payment 10:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.142%
Price spread now: Injective against Lighter RH−0.459%97s7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.835%−$83 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.459%, 7d avg −0.071%
=Together, before fees−0.618%+ Points / potential airdropLighter RH: Points live · farm board−$62 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 0.388% cheaper against Lighter RH than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.071%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 198.43 | 0.0032 | pay 0.0004% / 1h | 3m 44s | $483K | $1.2M | 10x |
| Short | Injective COIN/USDC PERP | 197.52 | −0.0440 | pay 0.0055% / 1h | 3m 44s | $17K | $224K | 30x |
Lighter RH COIN
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$99.12
- Price spread: −0.459% → −0.071%
- −$38.79
- Slippage, 4 orders
- −$56.16
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$194.1
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Injective: live order book, 48 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 | 3.02 bp | 4.3 bp −$4 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Injective live order book, 48 min ago | 24.06 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.52 | −0.459% | $17K | $224K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 198.26 | −0.088% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.40 | −0.017% | $105K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.46 | +0.017% | $14.6M | $76.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.49 | +0.030% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.49 | +0.030% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.49 | +0.030% | $1.2M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.57 | +0.071% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.78 | +0.176% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.24 | −0.094% | $12K | $3.2M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.41 | −0.012% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 198.43 | long leg | $483K | $1.2M | 10x | |
| QFEX COIN-USD | +0.0036% | 1h | 198.41 | −0.010% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.52 | +0.045% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.68 | +0.126% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.35 | −0.040% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.83 | +0.202% | $137K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.70 | +0.136% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.29 | −0.071% | $343K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.36 | −0.035% | $935K | $240K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.47 | +0.020% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.68 | +0.126% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.69 | +0.130% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.57 | +0.071% | $194K | $491K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | +0.141% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0796% | 4h | 198.12 | −0.156% | $51K | $294K | 10x | as long as short |
Lighter COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC