Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against ApeX Omni−0.316%48s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.408%+$41 · spread now −0.316%, 7d avg −0.012%
=Together, before fees+0.311%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.303% cheaper against ApeX Omni than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni COINUSDT | 199.88 | 0.0100 | pay 0.0013% / 1h | 56m 23s | $90K | $287K | 50x |
| Short | Lighter COIN | 199.25 | 0.0040 | get 0.0005% / 1h | 56m 23s | $396K | $2.0M | 10x |
ApeX Omni COINUSDT
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$12.6
- Price spread: −0.316% → −0.012%
- −$30.33
- Slippage, 4 orders
- −$8.85
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.78
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 11 min ago; Lighter: live order book, 5 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 ApeX Omni live order book, 11 min ago | 2.74 bp | 7.7 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.62 bp | 1.7 bp −$2 | 2.6 bp −$26 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 199.60 | −0.140% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.58 | −0.148% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 199.26 | −0.309% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 199.18 | −0.350% | $15.5M | $75.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.14 | −0.370% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.22 | −0.330% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.36 | −0.260% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.31 | −0.285% | $6.8M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 200.23 | +0.175% | $830K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.08 | +0.099% | $16K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0028% | 1h | 199.19 | −0.345% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.29 | −0.295% | $426K | $1.4M | 10x | as long as short |
| Lighter COINshort | +0.0040% | 1h | 199.25 | −0.316% | $396K | $2.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 199.92 | +0.020% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.94 | −0.470% | — | $286K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.10 | −0.390% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.44 | −0.220% | $103 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | −0.005% | $353K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.44 | −0.220% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 199.88 | long leg | $90K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.53 | −0.175% | $577 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.40 | −0.242% | $118 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.44 | −0.220% | $197K | $375K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0190% | 1h | 199.08 | −0.400% | $16.4M | $13.1M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 200.30 | +0.210% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0986% | 4h | 200.01 | +0.064% | $52K | $296K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC