Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.039%
Price spread now: Lighter RH against tradeXYZ−0.020%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.020%, 7d avg +0.010%
=Together, before fees−0.032%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.030% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.010%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.55 | −0.0072 | get 0.0009% / 1h | 59m 35s | $15.5M | $13.5M | 10x |
| Short | Lighter RH COIN | 197.51 | 0.0032 | get 0.0004% / 1h | 59m 35s | $454K | $1.5M | 10x |
tradeXYZ xyz:COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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
- $21.77
- Price spread: −0.020% → +0.010%
- −$2.98
- Slippage, 4 orders
- −$11.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$10.97
- Costs to cover
- 0.298%
- Break-even
- 10.5 days
Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.76 bp | 11.6 bp −$12 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.26 bp | 4.1 bp −$4 | 11.7 bp −$117 | 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 | −0.0639% | 8h | 197.65 | +0.051% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.56 | +0.005% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0192% | 8h | 197.70 | +0.076% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.16 | −0.197% | — | $284K | 25x | as long as short |
| tradeXYZ xyz:COINlong | −0.0072% | 1h | 197.55 | long leg | $15.5M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | −0.0070% | 1h | 197.50 | −0.025% | $127K | $1.2M | 10x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.74 | +0.098% | $349K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.59 | +0.023% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.58 | +0.015% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.54 | −0.005% | $4.9M | $5.9M | 50x | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.70 | +0.076% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.033% | $685K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.69 | +0.069% | $18K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | +0.035% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.56 | +0.004% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.51 | −0.020% | $454K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.76 | +0.106% | $15K | $55K | 5x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.62 | +0.035% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | −0.056% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.56 | +0.005% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.56 | +0.005% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.51 | −0.020% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.53 | −0.009% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.74 | +0.096% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.62 | +0.035% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0208% | 4h | 197.66 | +0.055% | $51K | $296K | 10x | as long as short |
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Arcus 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