Funding you earn now, next payment 10:00 UTC−0.0600%/8h= −65.7% APRpaid last 24h −0.181%
Price spread now: Lighter against edgeX−0.165%49s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days−0.569%−$57 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.165%, 7d avg −0.027%
=Together, before fees−0.454%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.138% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 198.03 | 0.0632 | pay 0.0316% / 4h | 2h 56m | $51K | $293K | 10x |
| Short | Lighter COIN | 197.70 | 0.0032 | get 0.0004% / 1h | 56m 32s | $357K | $2.0M | 10x |
edgeX COINUSDC
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$126.05
- Price spread: −0.165% → −0.027%
- −$13.78
- Slippage, 4 orders
- −$14.95
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$163.78
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 36 min ago; Lighter: 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 edgeX live order book, 36 min ago | 5.90 bp | 10.7 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.63 bp | 1.5 bp −$2 | 4.1 bp −$41 | 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 | −0.447% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.280% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0020% | 1h | 197.50 | −0.265% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.87 | −0.081% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.73 | −0.149% | $4.6M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.72 | −0.154% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.78 | −0.124% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | −0.159% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | −0.019% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.118% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0023% | 8h | 197.84 | −0.092% | $14.6M | $79.1M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.75 | −0.137% | $105K | $848K | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 197.70 | −0.165% | $357K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.71 | −0.159% | $471K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0034% | 1h | 197.67 | −0.179% | $14.9M | $12.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.69 | −0.169% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | −0.068% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.55 | −0.240% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.70 | −0.164% | $75 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.79 | −0.119% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | −0.013% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.82 | −0.104% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.70 | −0.164% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | −0.058% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.093% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDClong | +0.0632% | 4h | 198.03 | long leg | $51K | $293K | 10x |
Binance COINUSDT
Extended COIN_24_5-USD
Lighter RH COIN
tradeXYZ xyz:COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN