Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: Lighter RH against Lighter−0.025%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$90.087% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.025%, 7d avg +0.015%
=Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.041% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 197.63 | 0.0032 | pay 0.0004% / 1h | 50m 57s | $368K | $2.0M | 10x |
| Short | Lighter RH COIN | 197.58 | 0.0032 | get 0.0004% / 1h | 50m 57s | $450K | $1.5M | 10x |
Lighter COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $0
- Price spread: −0.025% → +0.015%
- −$4.08
- Slippage, 4 orders
- −$8.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$12.76
- Costs to cover
- 0.087%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Lighter RH: live order book, 2 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, 6 min ago | 0.61 bp | 0.8 bp −$1 | 3.2 bp −$32 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.28 bp | 3.5 bp −$3 | 9.9 bp −$99 | doesn't fit | doesn't fit |
COIN on 25 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 | −0.0725% | 8h | 197.78 | +0.076% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.53 | −0.051% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0139% | 8h | 197.74 | +0.056% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0088% | 1h | 197.09 | −0.273% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.81 | +0.089% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.53 | −0.052% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.59 | −0.022% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.70 | +0.035% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.70 | +0.035% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | −0.012% | $818K | $905K | — | 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 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.46 | −0.088% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.55 | −0.040% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 197.63 | long leg | $368K | $2.0M | 10x | |
| Lighter RH COINshort | +0.0032% | 1h | 197.58 | −0.025% | $450K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.51 | −0.061% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.55 | −0.040% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.53 | −0.051% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | 0.000% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.38 | −0.126% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.61 | −0.010% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.49 | −0.071% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.61 | −0.010% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.58 | −0.025% | $117 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | −0.165% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.52 | −0.056% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
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
edgeX COINUSDC
Phoenix COIN