Funding you earn now, next payment 10:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.005%
Price spread now: Orderly against Lighter+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 197.69 | 0.0032 | pay 0.0004% / 1h | 56m 15s | $357K | $2.0M | 10x |
| Short | Orderly PERP_COIN_USDC_mythos | 197.75 | 0.0100 | get 0.0100% / 8h | 6h 56m | $572 | $4K | 10x |
Lighter COIN
Orderly PERP_COIN_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $14.28
- Price spread: +0.028% → 0.000%
- $2.83
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $11.11
- Costs to cover
- 0.060%
- Break-even
- 1.6 days
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: 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 | 0.63 bp | 0.8 bp −$1 | 2.7 bp −$27 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.14 | −0.280% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.113% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0018% | 1h | 197.61 | −0.042% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.76 | +0.031% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.64 | −0.027% | $4.6M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.55 | −0.073% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.73 | +0.018% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | +0.008% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.149% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.286% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COIN | +0.0007% | 1h | 197.65 | −0.022% | $14.9M | $12.3M | 10x | as long as short |
| Binance COINUSDT | +0.0023% | 8h | 197.62 | −0.037% | $14.6M | $79.1M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.71 | +0.008% | $105K | $848K | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 197.69 | long leg | $357K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.55 | −0.073% | $471K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.69 | −0.002% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.099% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.67 | −0.012% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.57 | −0.063% | $80 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.80 | +0.054% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.155% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythosshort | +0.0100% | 8h | 197.75 | +0.028% | $572 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.67 | −0.013% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | +0.109% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.261% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.168% | $51K | $293K | 10x | as long as short |
tradeXYZ xyz:COIN
Binance COINUSDT
Extended COIN_24_5-USD
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC