Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Extended−0.035%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.035%, 7d avg +0.006%
=Together, before fees+0.097%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.042% cheaper against Extended than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.025% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 202.07 | 0 | get 0.0000% / 1h | 36m 30s | $119K | $446K | 10x |
| Short | Lighter COIN | 201.99 | 0.0168 | get 0.0021% / 1h | 36m 30s | $377K | $2.0M | 10x |
Extended COIN_24_5-USD
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $35.28
- Price spread: −0.035% → +0.006%
- −$4.17
- Slippage, 4 orders
- −$15.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.77
- Costs to cover
- 0.203%
- Break-even
- 4.9 days
Slippage from Extended: live order book, 41 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 Extended live order book, 41 min ago | 0.99 bp | 8.6 bp −$9 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.57 bp | 1.6 bp −$2 | 3.5 bp −$35 | 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 | 202.22 | +0.077% | $45K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.06 | −0.003% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 202.07 | long leg | $119K | $446K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 202.11 | +0.022% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.16 | +0.047% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.12 | +0.027% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.09 | +0.012% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.32 | +0.128% | $841K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.35 | +0.141% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0010% | 8h | 202.18 | +0.057% | $6.9M | $10.1M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 202.03 | −0.017% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.98 | −0.042% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.20 | +0.067% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.93 | −0.067% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.98 | −0.042% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.12 | +0.027% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.98 | −0.042% | $367K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.11 | +0.022% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.12 | +0.027% | $91K | $328K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.11 | +0.022% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.11 | +0.021% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.14 | +0.037% | $200K | $342K | 20x | as long as short |
| edgeX COINUSDC | +0.0125% | 4h | 202.19 | +0.063% | $52K | $293K | 10x | as long as short |
| Lighter COINshort | +0.0168% | 1h | 201.99 | −0.035% | $377K | $2.0M | 10x | |
| Phoenix COIN | +0.0238% | 1h | 202.32 | +0.126% | $5K | $279K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0246% | 1h | 201.94 | −0.062% | $16.5M | $13.1M | 10x | as long as short |
QFEX COIN-USD
Lighter RH 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
BloFin COIN-USDT
edgeX COINUSDC
Phoenix COIN
tradeXYZ xyz:COIN