Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.020%
Price spread now: Coinbase International against Lighter RH−0.026%7-day average −0.236% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days+0.145%+$15 on $10k
+Price spread, last 4 days (all we have)+0.349%+$35 · spread now −0.026%, 7d avg −0.236%
=Together, before fees+0.494%+ Points / potential airdropLighter RH: Points live · farm board+$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.210% dearer against Lighter RH than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.236%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 273.40 | 0.0032 | pay 0.0004% / 1h | 57m 36s | $248K | $301K | 10x |
| Short | Coinbase International BE-PERP-INTX | 273.33 | −0.0008 | pay 0.0001% / 1h | 57m 36s | $468K | $132K | 10x |
Lighter RH BE
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter RH. 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
- −$8.4
- Price spread: −0.026% → −0.236%
- $21.04
- Slippage, 4 orders
- −$21.81
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$19.17
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 34 min ago; Coinbase International: live order book, 35 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 RH live order book, 34 min ago | 1.12 bp | 3.7 bp −$4 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 35 min ago | 6.34 bp | 12.2 bp −$12 | 18.6 bp −$186 | doesn't fit | doesn't fit |
BE on 21 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 BE-PERP-INTXshort | −0.0008% | 1h | 273.33 | −0.026% | $468K | $132K | 10x | |
| Aster BEUSDT | 0.0000% | 8h | 273.62 | +0.081% | $345K | $132K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 273.45 | +0.020% | $48K | $384K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 273.57 | +0.062% | $8.2M | $38.6M | 25x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 273.46 | +0.022% | $2.0M | $1.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 273.60 | +0.073% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.30 | −0.037% | $1.3M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.53 | +0.048% | $1.5M | $3.0M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.39 | −0.004% | $1K | $2.1M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.43 | +0.011% | $12K | $35K | 20x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 273.25 | −0.055% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 273.40 | long leg | $248K | $301K | 10x | |
| QFEX BE-USD | +0.0039% | 1h | 273.53 | +0.048% | $1.3M | $2.2M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.29 | −0.040% | $112K | $98K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.63 | +0.084% | — | — | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.18 | −0.080% | $358K | $108K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.21 | −0.068% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 273.92 | +0.190% | $46K | $155K | 20x | as long as short |
| GRVT BE_USDT_Perp | +0.0407% | 8h | 273.51 | +0.039% | $6K | $149K | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0424% | 1h | 273.48 | +0.029% | $5.9M | $2.9M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0483% | 1h | 273.18 | −0.080% | $6K | $4K | 10x | as long as short |
Lighter BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
GRVT BE_USDT_Perp
tradeXYZ xyz:BE
Deribit BE_USDC-PERPETUAL