COIN

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.016%

7d average—if it closes, per $10,000$2funding while held, a day+$0.72

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter COIN	202.64	0.0080	pay 0.0010% / 1h	29m 59s	$399K	$2.1M	10x
Short	Aevo COIN-PERP	202.67	0.0104	get 0.0013% / 1h	29m 59s	$120	—	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee LighterbpFee AevobpOrdersClose when spread is

Spread captured: $1.65
Funding while held: $0.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.63
Spread needed to break even: 0.160%

Slippage unknown: Lighter: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0024%
Per $10,000 a day: +$0.72
Average in range /8h: —

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 Lighter live order book, 3 min ago	0.59 bp	1.1 bp −$1	2.9 bp −$29	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN price on every exchange

against the cheapest. Click to use as the short leg.

COIN on 25 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps COIN-USD.P	−0.082%	+0.0050%	1h	$362K	$3.1M	10x	as long as short
Vest COIN-USD-PERP	−0.068%	+0.0021%	1h	—	$456K	25x	as long as short
ApeX Omni COINUSDT	−0.053%	+0.0100%	1h	$91K	$639K	50x	as long as short
OKX COIN-USDT-SWAP	−0.023%	0.0000%	8h	$3.3M	$4.6M	20x	as long as short
Phoenix COIN	−0.023%	+0.0157%	1h	$3K	$238K	10x	as long as short
Arcus COIN-USD	−0.013%	+0.0040%	1h	$19K	$41K	5x	as long as short
Gate COIN_USDT	−0.013%	0.0000%	8h	$1.4M	$6.1M	50x	as long as short
Polymarket Perps COIN-USD	−0.008%	+0.0050%	1h	$133K	$1.1M	10x	as long as short
Aster COINUSDT	−0.008%	0.0000%	8h	$371K	$826K	20x	as long as short
Bitget COINUSDT	−0.003%	+0.0063%	8h	$6.8M	$8.9M	20x	as long as short

Show all 25 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter COINlong	0.000%	+0.0080%	1h	$399K	$2.1M	10x
Bybit COINUSDT	+0.001%	0.0000%	8h	$5.1M	$5.5M	50x	as long as short
Extended COIN_24_5-USD	+0.005%	0.0000%	1h	$100K	$429K	10x	as long as short
tradeXYZ xyz:COIN	+0.006%	+0.0104%	1h	$16.4M	$13.2M	10x	as long as short
Lighter RH COIN	+0.006%	+0.0032%	1h	$447K	$1.9M	10x	as long as short
Binance COINUSDT	+0.006%	0.0000%	8h	$15.6M	$70.0M	20x	as long as short
SoDEX COIN-USD	+0.011%	+0.0050%	1h	$91	$3K	10x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.016%	+0.0100%	8h	$586	$5K	10x	as long as short
Aevo COIN-PERPshort	+0.016%	+0.0104%	1h	$120	—	10x
QFEX COIN-USD	+0.036%	+0.0039%	1h	$1.4M	$3.5M	10x	as long as short
BloFin COIN-USDT	+0.041%	+0.0120%	8h	$206K	$309K	20x	as long as short
KuCoin COINUSDTM	+0.051%	+0.0100%	8h	$1.0M	$145K	20x	as long as short
edgeX COINUSDC	+0.073%	+0.0411%	4h	$53K	$291K	10x	as long as short
Injective COIN/USDC PERP	+0.085%	−0.0440%	1h	$40K	$105K	30x	as long as short
Variational Omni COIN	+0.103%	0.0000%	8h	$872K	$916K	—	as long as short