Funding you earn now, next payment 10:00 UTC−0.0764%/8h= −83.6% APRpaid last 24h −0.196%
Price spread now: Lighter RH against edgeX+0.292%80s7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as 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−$290.287% of the position
Funding, last 7 days−0.600%−$60 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.292%, 7d avg −0.012%
=Together, before fees−0.899%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$90 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.304% dearer against edgeX than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of −0.012%): +$30 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.600% in total) that is about 3.5 days. The two prices were read 80 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 | 198.12 | 0.0796 | pay 0.0398% / 4h | 2h 03m | $51K | $294K | 10x |
| Short | Lighter RH COIN | 198.70 | 0.0032 | get 0.0004% / 1h | 3m 51s | $483K | $1.2M | 10x |
edgeX COINUSDC
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$160.34
- Price spread: +0.292% → −0.012%
- $30.41
- Slippage, 4 orders
- −$19.73
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$158.66
- Costs to cover
- 0.287%
- Break-even
- from the start
Slippage from edgeX: live order book, 47 min ago; Lighter RH: live order book, 2 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, 47 min ago | 5.31 bp | 10.4 bp −$10 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 3.02 bp | 3.8 bp −$4 | 12.0 bp −$120 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.52 | −0.303% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.27 | +0.076% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.48 | +0.180% | $105K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.50 | +0.191% | $14.6M | $76.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.52 | +0.202% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.52 | +0.202% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.56 | +0.222% | $1.2M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.57 | +0.227% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.78 | +0.332% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.24 | +0.062% | $12K | $3.2M | 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
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.70 | +0.294% | $347K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 198.70 | +0.292% | $483K | $1.2M | 10x | |
| QFEX COIN-USD | +0.0036% | 1h | 198.72 | +0.302% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.82 | +0.353% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.68 | +0.282% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.35 | +0.116% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.83 | +0.358% | $137K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.70 | +0.292% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.51 | +0.196% | $343K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.39 | +0.136% | $935K | $240K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.47 | +0.176% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.68 | +0.282% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.69 | +0.287% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.57 | +0.227% | $194K | $491K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | +0.297% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDClong | +0.0796% | 4h | 198.12 | long leg | $51K | $294K | 10x |
Lighter COIN
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
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN