Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%
Price spread now: tradeXYZ against Lighter−0.159%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days+0.250%+$25 · spread now −0.159%, 7d avg +0.007%
=Together, before fees+0.352%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.166% cheaper against Lighter than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of +0.007%). If the spread goes back, that is −$17 on $10k: about 31 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.102% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.31 | 0.0032 | pay 0.0004% / 1h | 33m 54s | $359K | $2.0M | 10x |
| Short | tradeXYZ xyz:COIN | 195.00 | 0.0050 | get 0.0006% / 1h | 33m 54s | $15.0M | $12.7M | 10x |
Lighter COIN
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.159% → +0.007%
- −$16.58
- Slippage, 4 orders
- −$7.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.61
- Costs to cover
- 0.258%
- Break-even
- 78.5 days
Slippage from Lighter: live order book, 3 min ago; tradeXYZ: live order book, 4 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, 3 min ago | 1.69 bp | 1.7 bp −$2 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.51 bp | 10.4 bp −$10 | 15.6 bp −$156 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 194.87 | −0.226% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0111% | 8h | 195.18 | −0.067% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0061% | 1h | 194.83 | −0.246% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.45 | +0.069% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.19 | −0.062% | $4.6M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.10 | −0.108% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.37 | +0.030% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.35 | +0.021% | $658K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.133% | $19K | $3.0M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 195.31 | long leg | $359K | $2.0M | 10x |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.30 | −0.006% | $467K | $1.3M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.29 | −0.012% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0033% | 8h | 195.24 | −0.037% | $14.8M | $81.5M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.52 | +0.107% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.27 | −0.021% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.00 | −0.159% | $15.0M | $12.7M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.13 | −0.093% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.34 | +0.015% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.031% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.23 | −0.041% | $982K | $184K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.35 | +0.020% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.34 | +0.015% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.40 | +0.047% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0140% | 8h | 195.30 | −0.006% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.41 | +0.051% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.121% | $50K | $294K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Binance COINUSDT
Arcus COIN-USD
QFEX COIN-USD
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC