Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter RH against ApeX Omni−0.005%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.005%, 7d avg +0.003%
=Together, before fees−0.098%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni COINUSDT | 197.35 | 0.0100 | pay 0.0013% / 1h | 37m 28s | $89K | $287K | 50x |
| Short | Lighter RH COIN | 197.34 | 0.0032 | get 0.0004% / 1h | 37m 28s | $428K | $1.5M | 10x |
ApeX Omni COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$14.28
- Price spread: −0.005% → +0.003%
- −$0.84
- Slippage, 4 orders
- −$14.67
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$39.78
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 30 min ago; Lighter RH: live order book, just now.
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, 30 min ago | 2.74 bp | 7.7 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, just now | 3.80 bp | 4.7 bp −$5 | 10.5 bp −$105 | 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 | 197.14 | −0.106% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0182% | 8h | 197.83 | +0.243% | $6.5M | $10.3M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.60 | +0.124% | $362K | $851K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.50 | +0.077% | $117K | $699K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.67 | +0.161% | $14.9M | $78.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.81 | +0.233% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.80 | +0.228% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.66 | +0.157% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.296% | $820K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.51 | +0.081% | $17K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0003% | 1h | 197.11 | −0.122% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.62 | +0.137% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.36 | +0.006% | $388K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.34 | −0.005% | $428K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.69 | +0.172% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.46 | +0.056% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.61 | +0.132% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.23 | −0.061% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.16 | −0.096% | $349K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.46 | +0.056% | $981K | $138K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 197.35 | long leg | $89K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.35 | 0.000% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.21 | −0.073% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.846% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.09 | +0.375% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0344% | 4h | 197.30 | −0.024% | $51K | $294K | 10x | as long as short |
Vest COIN-USD-PERP
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
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
Phoenix COIN
edgeX COINUSDC