Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter RH against Extended−0.032%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.032%, 7d avg +0.017%
=Together, before fees+0.052%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 198.28 | 0 | get 0.0000% / 1h | 44m 22s | $106K | $854K | 10x |
| Short | Lighter RH COIN | 198.22 | 0.0032 | get 0.0004% / 1h | 44m 22s | $481K | $1.1M | 10x |
Extended COIN_24_5-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −0.032% → +0.017%
- −$4.89
- Slippage, 4 orders
- −$20.61
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.78
- Costs to cover
- 0.256%
- Break-even
- 31.8 days
Slippage from Extended: live order book, 2 min ago; Lighter RH: live order book, 1 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, 2 min ago | 1.01 bp | 8.8 bp −$9 | 80.4 bp −$804 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 2.52 bp | 4.3 bp −$4 | 9.3 bp −$93 | 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 | 198.16 | −0.063% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.33 | +0.022% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 198.28 | long leg | $106K | $854K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.35 | +0.035% | $14.6M | $75.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.28 | −0.002% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.35 | +0.033% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.37 | +0.043% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.38 | +0.048% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.40 | +0.058% | $785K | $935K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.60 | +0.160% | $15K | $3.2M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.25 | −0.017% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.20 | −0.043% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 198.22 | −0.032% | $481K | $1.1M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.50 | +0.109% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.12 | −0.083% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.17 | −0.057% | $14.7M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.10 | −0.093% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.26 | −0.012% | $95 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.10 | −0.093% | $330K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.31 | +0.013% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.26 | −0.012% | $935K | $247K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.48 | +0.099% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.31 | +0.013% | $574 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.29 | +0.005% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.32 | +0.018% | $194K | $481K | 20x | as long as short |
| edgeX COINUSDC | +0.0491% | 4h | 198.61 | +0.165% | $51K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC