Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.038%
Price spread now: Lighter RH against Bybit−0.020%7-day average −0.026% · 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−$29as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.020%, 7d avg −0.026%
=Together, before fees−0.121%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 201.93 | 0 | get 0.0000% / 8h | 12m 28s | $5.0M | $5.9M | 50x |
| Short | Lighter RH COIN | 201.89 | 0.0032 | get 0.0004% / 1h | 12m 28s | $435K | $1.8M | 10x |
Bybit COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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: −0.020% → −0.026%
- $0.59
- Slippage, 4 orders
- −$18.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$22.42
- Costs to cover
- 0.297%
- Break-even
- 30.4 days
Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.23 bp | 15.0 bp −$15 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.98 bp | 3.0 bp −$3 | 8.0 bp −$80 | 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 | 201.55 | −0.188% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.98 | +0.022% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.89 | −0.021% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.93 | 0.000% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 201.93 | long leg | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.91 | −0.010% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | −0.005% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 202.00 | +0.035% | $6.9M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | +0.062% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.91 | −0.010% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance 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 | +0.0032% | 1h | 201.90 | −0.015% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 201.89 | −0.020% | $435K | $1.8M | 10x | |
| Lighter COIN | +0.0040% | 1h | 201.91 | −0.012% | $377K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.06 | +0.064% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.88 | −0.025% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.82 | −0.054% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.95 | +0.010% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.69 | −0.119% | $361K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.99 | +0.030% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.11 | +0.089% | $91K | $310K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.93 | 0.000% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.92 | −0.006% | $119 | — | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0110% | 1h | 201.85 | −0.040% | $16.6M | $13.2M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.97 | +0.020% | $200K | $342K | 20x | as long as short |
| edgeX COINUSDC | +0.0147% | 4h | 202.06 | +0.066% | $52K | $295K | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 201.85 | −0.040% | $5K | $279K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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
tradeXYZ xyz:COIN
BloFin COIN-USDT
edgeX COINUSDC
Phoenix COIN