Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.060%
Price spread now: Coinbase International against Lighter+0.905%7-day average −0.226% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs+$82as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days−0.576%−$58 on $10k
+Price spread, last 4 days (all we have)−1.125%−$113 · spread now +0.905%, 7d avg −0.226%
=Together, before fees−1.701%+ Points / potential airdropLighter: Season 3 · farm board−$170 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 1.132% dearer against Lighter than usual: you sell high and buy low (spread +0.905% now, against its 7-day average of −0.226%): +$113 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 937.75 | 0.0032 | pay 0.0004% / 1h | 37m 18s | $24K | $102K | 10x |
| Short | Coinbase International LITE-PERP-INTX | 946.24 | −0.0112 | pay 0.0014% / 1h | 37m 18s | $93K | $215K | 10x |
Lighter LITE
Coinbase International LITE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$30.24
- Price spread: +0.905% → −0.226%
- $113.17
- Slippage, 4 orders
- −$21.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $51.53
- Costs to cover
- 0.314%
- Break-even
- from the start
Slippage from Lighter: live order book, 33 min ago; Coinbase International: live order book, 61 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 live order book, 33 min ago | 1.00 bp | 2.1 bp −$2 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 61 min ago | 7.58 bp | 12.6 bp −$13 | 19.3 bp −$193 | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTXshort | −0.0112% | 1h | 946.24 | +0.905% | $93K | $215K | 10x | |
| Bitget LITEUSDT | −0.0080% | 8h | 937.68 | −0.007% | $2.6M | $3.1M | 20x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 938.97 | +0.130% | $105K | $30K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 937.87 | +0.013% | $45K | $249K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 938.13 | +0.040% | $12.0M | $49.9M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 938.16 | +0.044% | $1.8M | $2.1M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 938.12 | +0.039% | $3.5M | $18.5M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 938.63 | +0.094% | $7.8M | $6.4M | 50x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 939.61 | +0.198% | $258K | $139K | — | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 938.72 | +0.104% | $451 | $191K | 10x | as long as short |
Bitget LITEUSDT
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Variational Omni LITE
GRVT LITE_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX LITE-USDT | 0.0000% | 8h | 938.10 | +0.037% | $856 | $3.6M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 938.62 | +0.093% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 939.50 | +0.187% | $1.5M | $742K | 10x | as long as short |
| BloFin LITE-USDT | +0.0011% | 8h | 938.29 | +0.058% | $215K | $243K | 20x | as long as short |
| QFEX LITE-USD | +0.0014% | 1h | 937.58 | −0.018% | $1.1M | $3.9M | 10x | as long as short |
| Lighter LITElong | +0.0032% | 1h | 937.75 | long leg | $24K | $102K | 10x | |
| Vest LITE-USD-PERP | +0.0046% | 1h | 937.63 | −0.013% | — | $3K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0050% | 1h | 937.01 | −0.079% | $7.6M | $5.7M | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 936.00 | −0.187% | $73K | $220K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 937.89 | +0.015% | $23K | $9K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 937.61 | −0.015% | $33K | $355K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 938.55 | +0.085% | $515K | $82K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 938.92 | +0.125% | $16K | $266K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 938.20 | +0.048% | $912 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 938.00 | +0.027% | — | — | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0145% | 1h | 938.06 | +0.033% | $18K | $41K | 10x | as long as short |
| edgeX LITEUSDC | +0.0455% | 4h | 939.51 | +0.188% | $58K | $478K | 10x | as long as short |
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDT
BloFin LITE-USDT
QFEX LITE-USD
Vest LITE-USD-PERP
tradeXYZ xyz:LITE
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
Deribit LITE_USDC-PERPETUAL
edgeX LITEUSDC