Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%
Price spread now: Lighter RH against Bitget−0.109%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.109%, 7d avg −0.038%
=Together, before fees−0.017%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.038%). If the spread goes back, that is −$7 on $10k: about 7.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.018% in total) that is about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COINUSDT | 201.92 | 0 | get 0.0000% / 8h | 7h 24m | $6.9M | $9.1M | 20x |
| Short | Lighter RH COIN | 201.70 | 0.0032 | get 0.0004% / 1h | 24m 44s | $434K | $1.5M | 10x |
Bitget COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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: −0.109% → −0.038%
- −$7.13
- Slippage, 4 orders
- −$20.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$32.75
- Costs to cover
- 0.323%
- Break-even
- 41.1 days
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 3 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 Bitget live order book, 4 min ago | 2.23 bp | 12.0 bp −$12 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.73 bp | 3.5 bp −$3 | 8.8 bp −$88 | 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 | 201.81 | −0.054% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.76 | −0.080% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.82 | −0.051% | $120K | $814K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.76 | −0.079% | $15.8M | $75.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.80 | −0.059% | $5.1M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.73 | −0.094% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.87 | −0.025% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDTlong | 0.0000% | 8h | 201.92 | long leg | $6.9M | $9.1M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 201.85 | −0.034% | $839K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.79 | −0.064% | $20K | $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
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 | +0.0021% | 1h | 201.78 | −0.069% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.70 | −0.109% | $434K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.86 | −0.030% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.68 | −0.119% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.73 | −0.094% | $16.6M | $12.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.74 | −0.089% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.84 | −0.040% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.64 | −0.139% | $358K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.94 | +0.010% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.75 | −0.084% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.82 | −0.050% | $584 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 201.72 | −0.097% | $375K | $1.8M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.84 | −0.041% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.83 | −0.045% | $199K | $338K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.65 | −0.134% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0652% | 4h | 201.75 | −0.086% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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