COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.156%

Price spread now: Injective against Lighter+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.862%−$86 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.083% dearer against Lighter than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter COIN	196.80	0.0032	pay 0.0004% / 1h	36m 31s	$351K	$2.0M	10x
Short	Injective COIN/USDC PERP	196.96	−0.0440	pay 0.0055% / 1h	36m 31s	$43K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersPrice spread, now +0.083%Rate

Funding earned: −$99.12
Price spread: +0.083% → 0.000%: $8.28
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$90.86
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	0.91 bp	1.4 bp −$1	3.0 bp −$30	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	−0.0750%	8h	196.98	+0.093%	$6.2M	$10.3M	20x	as long as short
Injective COIN/USDC PERPshort	−0.0440%	1h	196.96	+0.083%	$43K	$48K	30x
Gate COIN_USDT	−0.0212%	8h	196.90	+0.052%	$1.2M	$7.1M	50x	as long as short
Vest COIN-USD-PERP	−0.0086%	1h	196.41	−0.197%	—	$277K	25x	as long as short
Aster COINUSDT	0.0000%	8h	197.14	+0.175%	$345K	$885K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.81	+0.008%	$119K	$694K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.82	+0.010%	$15.0M	$78.9M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.74	−0.029%	$4.8M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.80	+0.002%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.11	+0.158%	$683K	$938K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.13	+0.171%	$17K	$2.2M	10x	as long as short
QFEX COIN-USD	+0.0013%	1h	196.79	−0.004%	$1.3M	$3.3M	10x	as long as short
Lighter COINlong	+0.0032%	1h	196.80	long leg	$351K	$2.0M	10x
Lighter RH COIN	+0.0032%	1h	196.78	−0.009%	$450K	$1.4M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.11	+0.159%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.76	−0.019%	$15.4M	$13.4M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.84	+0.022%	$126K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.86	+0.032%	$59	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.85	+0.027%	$348K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.85	+0.027%	$991K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.91	+0.057%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.87	+0.037%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.80	0.000%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.98	+0.093%	$188K	$391K	20x	as long as short
Phoenix COIN	+0.0121%	1h	197.00	+0.103%	$4K	$281K	10x	as long as short
edgeX COINUSDC	+0.0267%	4h	197.13	+0.169%	$51K	$294K	10x	as long as short