Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Aster−0.123%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1171.168% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.123%, 7d avg −0.010%
=Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.113% cheaper against Aster than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.010%). If the spread goes back, that is −$11 on $10k: about 12 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COINUSDT | 197.16 | 0 | get 0.0000% / 8h | 4h 37m | $345K | $885K | 20x |
| Short | Lighter RH COIN | 196.92 | 0.0032 | get 0.0004% / 1h | 37m 47s | $450K | $1.4M | 10x |
Aster COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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
- $6.72
- Price spread: −0.123% → −0.010%
- −$11.31
- Slippage, 4 orders
- −$108.85
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$121.44
- Costs to cover
- 1.168%
- Break-even
- 133.5 days
Slippage from Aster: live order book, 20 min ago; Lighter RH: 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 Aster live order book, 20 min ago | 46.09 bp | 50.4 bp −$50 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.54 bp | 2.5 bp −$3 | 7.7 bp −$77 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0740% | 8h | 197.21 | +0.024% | $6.2M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.03 | −0.067% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0209% | 8h | 197.09 | −0.037% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 196.44 | −0.367% | — | $277K | 25x | as long as short |
| Aster COINUSDTlong | 0.0000% | 8h | 197.16 | long leg | $345K | $885K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.06 | −0.052% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.11 | −0.027% | $15.0M | $79.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.08 | −0.042% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.10 | −0.032% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.11 | −0.028% | $683K | $938K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.13 | −0.015% | $17K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 196.94 | −0.113% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.93 | −0.119% | $351K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.92 | −0.123% | $450K | $1.4M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.18 | +0.009% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.00 | −0.083% | $15.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.92 | −0.123% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.03 | −0.067% | $61 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.18 | +0.009% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.96 | −0.103% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.08 | −0.042% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.92 | −0.123% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.95 | −0.107% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.01 | −0.078% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.23 | +0.034% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0512% | 4h | 197.15 | −0.005% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_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
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC