Funding you earn now, next payment 01:00 UTC+0.1560%/8h= +170.8% APRnext payment +$1.95 per $10,000 · paid last 24h +0.597%
Price spread now: Lighter against Coinbase International+2.002%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Lighter is 2.002% dearer against Coinbase International than usual: you sell high and buy low: +$200 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International S-PERP-INTX | 0.03946 | −0.1464 | get 0.0183% / 1h | 46m 32s | $49K | $5K | 25x |
| Short | Lighter S | 0.04025 | 0.0096 | get 0.0012% / 1h | 46m 32s | $166K | $165K | 5x |
Coinbase International S-PERP-INTX
Lighter SFunding 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
- $327.6
- Price spread: +2.002% → 0.000%
- $200.2
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $517.8
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 6.21 bp | 16.0 bp −$16 | 84.3 bp −$843 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.7688% | 1h | 0.03850 | −2.433% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1464% | 1h | 0.03946 | long leg | $49K | $5K | 25x | |
| Kraken Futures PF_SUSD | −0.1261% | 1h | 0.04018 | +1.830% | $34K | $23K | 10x | as long as short |
| Variational Omni S | −0.0587% | 4h | 0.04005 | +1.505% | $623K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04023 | +1.949% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04019 | +1.860% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04022 | +1.926% | $620 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +3.903% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0039% | 4h | 0.04021 | +1.901% | $101K | $330K | 10x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.04025 | +2.002% | $166K | $165K | 5x |
01 Exchange SUSD
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04022 | +1.923% | $1.0M | $611K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04025 | +2.014% | $44K | $137K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04022 | +1.916% | $5.5M | $15.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04017 | +1.799% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04020 | +1.875% | $1.0M | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04020 | +1.875% | $331K | $199K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04023 | +1.951% | $3.7M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04022 | +1.926% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04021 | +1.901% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04021 | +1.901% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04020 | +1.875% | $26K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04019 | +1.843% | $225K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | +1.977% | $272K | $122K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0745% | 1h | 0.04024 | +1.977% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0985% | 1h | 0.04030 | +2.129% | $117K | $334K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP