Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.079%
Price spread now: Lighter against Coinbase International+0.063%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$510.514% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.063%, 7d avg −0.007%
=Together, before fees+0.307%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.070% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.2130 | −0.0048 | get 0.0006% / 1h | 7m 38s | $208K | $1.8M | 50x |
| Short | Lighter DOT | 1.2138 | 0.0096 | get 0.0012% / 1h | 7m 38s | $246K | $602K | 10x |
Coinbase International DOT-PERP-INTX
Lighter DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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: +0.063% → −0.007%
- $7
- Slippage, 4 orders
- −$41.36
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.12
- Costs to cover
- 0.514%
- Break-even
- 10.3 days
Slippage from Coinbase International: live order book, 6 min ago; Lighter: live order book, 58 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 Coinbase International live order book, 6 min ago | 4.12 bp | 17.3 bp −$17 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 58 min ago | 3.28 bp | 9.9 bp −$10 | 20.8 bp −$208 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.0902% | 1h | 1.2142 | +0.099% | $222K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2128 | −0.015% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0048% | 1h | 1.2130 | long leg | $208K | $1.8M | 50x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.2137 | +0.058% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2134 | +0.037% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0025% | 8h | 1.2134 | +0.033% | $9.5M | $24.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.907% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0070% | 8h | 1.2131 | +0.008% | $6.6M | $9.1M | 75x | as long as short |
| Lighter DOTshort | +0.0096% | 1h | 1.2138 | +0.063% | $246K | $602K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.2136 | +0.049% | $5.5M | $3.4M | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.2132 | +0.019% | $883K | $695K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2134 | +0.033% | $44.7M | $83.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2132 | +0.016% | $25.1M | $18.7M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2130 | 0.000% | $6.8M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2138 | +0.066% | $28.4M | $43.7M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2131 | +0.008% | $23.2M | $14.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2135 | +0.041% | — | $30.1M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2131 | +0.008% | $97K | $125K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2121 | −0.078% | $552K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2127 | −0.025% | $36K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2138 | +0.065% | $235K | $450K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2130 | 0.000% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2150 | +0.165% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2130 | 0.000% | $252K | $223K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2131 | +0.010% | $15K | $295K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0115% | 1h | 1.2143 | +0.103% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2134 | +0.033% | $2.2M | $796K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1012% | 1h | 1.2132 | +0.020% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0425% | 8h | 1.2150 | +0.165% | $2.3M | $2.1M | 50x | as long as short |
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT