Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Lighter RH+0.009%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$80.079% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.009%, 7d avg −0.014%
=Together, before fees+0.021%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.023% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 195.47 | 0.0032 | pay 0.0004% / 1h | 3m 59s | $465K | $1.5M | 10x |
| Short | Lighter COIN | 195.49 | 0.0104 | get 0.0013% / 1h | 3m 59s | $362K | $2.3M | 10x |
Lighter RH COIN
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $15.12
- Price spread: +0.009% → −0.014%
- $2.3
- Slippage, 4 orders
- −$7.9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.52
- Costs to cover
- 0.079%
- Break-even
- 2.6 days
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 3 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, 4 min ago | 2.30 bp | 3.6 bp −$4 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.56 bp | 0.8 bp −$1 | 1.4 bp −$14 | 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 PERP | −0.0440% | 1h | 195.43 | −0.020% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0331% | 8h | 195.76 | +0.148% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0049% | 1h | 195.05 | −0.215% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.38 | −0.048% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.55 | +0.041% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.54 | +0.036% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.54 | +0.036% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.48 | +0.004% | $668K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0002% | 8h | 195.50 | +0.015% | $15K | $2.9M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 195.50 | +0.017% | $104K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0025% | 8h | 195.55 | +0.041% | $15.0M | $82.1M | 20x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 195.47 | long leg | $465K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.72 | +0.128% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.38 | −0.046% | $15.1M | $12.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.42 | −0.026% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.49 | +0.010% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.43 | −0.020% | $449K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.55 | +0.041% | $1.3M | $2.9M | 10x | as long as short |
| BloFin COIN-USDT | +0.0093% | 8h | 195.68 | +0.107% | $187K | $435K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.37 | −0.051% | $984K | $148K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.33 | −0.072% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.49 | +0.010% | $565 | $4K | 10x | as long as short |
| Lighter COINshort | +0.0104% | 1h | 195.49 | +0.009% | $362K | $2.3M | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 195.52 | +0.023% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.42 | −0.026% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0459% | 4h | 195.46 | −0.003% | $50K | $295K | 10x | as long as short |
Binance COINUSDT
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC