Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.029%
Price spread now: BloFin against Lighter+0.150%90s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as 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−$210.212% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.150%, 7d avg +0.025%
=Together, before fees−0.037%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.125% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 90 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 | Lighter COIN | 196.72 | 0.0104 | pay 0.0013% / 1h | 41m 29s | $340K | $2.0M | 10x |
| Short | BloFin COIN-USDT | 197.01 | 0.0120 | get 0.0120% / 8h | 3h 41m | $188K | $393K | 20x |
Lighter COIN
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $3.36
- Price spread: +0.150% → +0.025%
- $12.48
- Slippage, 4 orders
- −$9.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.35
- Costs to cover
- 0.212%
- Break-even
- 18.1 days
Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 54 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 Lighter live order book, 5 min ago | 0.89 bp | 1.0 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 0.76 bp | 9.7 bp −$10 | 14.9 bp −$149 | 35.3 bp −$3,531 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0683% | 8h | 196.82 | +0.053% | $6.3M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.08 | +0.186% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0225% | 8h | 196.78 | +0.033% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.19 | −0.267% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.77 | +0.028% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.65 | −0.031% | $117K | $689K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.72 | +0.003% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.73 | +0.008% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.74 | +0.013% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.02 | +0.155% | $685K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.00 | +0.145% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.72 | +0.003% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.72 | +0.003% | $451K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.04 | +0.165% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.60 | −0.058% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.60 | −0.058% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.79 | +0.038% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.54 | −0.089% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.68 | −0.018% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.98 | +0.135% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.66 | −0.028% | $569 | $4K | 10x | as long as short |
| Lighter COINlong | +0.0104% | 1h | 196.72 | long leg | $340K | $2.0M | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 196.73 | +0.007% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 197.01 | +0.150% | $188K | $393K | 20x | |
| Phoenix COIN | +0.0122% | 1h | 196.84 | +0.064% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0784% | 4h | 196.93 | +0.111% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
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
Phoenix COIN
edgeX COINUSDC