Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.008%
Price spread now: Lighter RH against Binance−0.025%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now −0.025%, 7d avg −0.060%
=Together, before fees+0.030%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.035% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 196.77 | 0 | get 0.0000% / 8h | 3h 41m | $14.7M | $79.9M | 20x |
| Short | Lighter RH COIN | 196.72 | 0.0032 | get 0.0004% / 1h | 41m 49s | $451K | $1.5M | 10x |
Binance COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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: −0.025% → −0.060%
- $3.47
- Slippage, 4 orders
- −$12.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$11.9
- Costs to cover
- 0.221%
- Break-even
- 19.4 days
Slippage from Binance: live order book, 1 min ago; Lighter RH: live order book, 1 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 Binance live order book, 1 min ago | 0.25 bp | 8.0 bp −$8 | 15.2 bp −$152 | 54.6 bp −$5,458 | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.02 bp | 5.6 bp −$6 | 11.5 bp −$115 | 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 | −0.0679% | 8h | 196.90 | +0.066% | $6.2M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.08 | +0.158% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0224% | 8h | 196.84 | +0.036% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.30 | −0.239% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.85 | +0.042% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.70 | −0.034% | $117K | $689K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 196.77 | long leg | $14.7M | $79.9M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.78 | +0.005% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.79 | +0.010% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.02 | +0.127% | $685K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | 197.00 | +0.117% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.82 | +0.025% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.72 | −0.025% | $451K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.10 | +0.168% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.67 | −0.051% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.67 | −0.051% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.79 | +0.010% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.68 | −0.046% | $353K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.78 | +0.005% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.96 | +0.097% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.73 | −0.020% | $569 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 196.72 | −0.028% | $340K | $2.0M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.73 | −0.021% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.01 | +0.122% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.93 | +0.081% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0773% | 4h | 197.07 | +0.155% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
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
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC