Funding you earn now, next payment 06:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter RH against QFEX−0.036%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 4 days (all we have)+0.026%+$3 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.036%, 7d avg −0.003%
=Together, before fees+0.067%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.033% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 196.51 | 0.0038 | pay 0.0005% / 1h | 9m 19s | $1.3M | $3.0M | 10x |
| Short | Lighter RH COIN | 196.44 | 0.0032 | get 0.0004% / 1h | 9m 19s | $458K | $1.5M | 10x |
QFEX COIN-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against QFEX. 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
- −$1.24
- Price spread: −0.036% → −0.003%
- −$3.26
- Slippage, 4 orders
- −$9.17
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.67
- Costs to cover
- 0.192%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Lighter RH: 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 QFEX live order book, 4 min ago | 1.27 bp | 6.3 bp −$6 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.80 bp | 3.2 bp −$3 | 6.6 bp −$66 | 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 | −0.0797% | 8h | 196.62 | +0.056% | $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 | 195.91 | −0.305% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0077% | 8h | 196.69 | +0.092% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.37 | −0.070% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.42 | −0.044% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.51 | 0.000% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.51 | 0.000% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.54 | +0.015% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.45 | −0.033% | $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 | +0.001% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.44 | −0.036% | $458K | $1.5M | 10x | |
| QFEX COIN-USDlong | +0.0038% | 1h | 196.51 | long leg | $1.3M | $3.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 196.38 | −0.066% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.39 | −0.061% | $15.3M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.38 | −0.066% | $128K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.53 | +0.010% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.32 | −0.097% | $450K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.47 | −0.020% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.22 | −0.148% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.38 | −0.066% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.43 | −0.041% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.43 | −0.041% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.49 | −0.013% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.51 | 0.000% | $187K | $421K | 20x | as long as short |
| edgeX COINUSDC | +0.0687% | 4h | 196.40 | −0.056% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC