Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Binance against Lighter RH+0.076%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 2 days (all we have)−0.048%−$5 · spread now +0.076%, 7d avg +0.034%
=Together, before fees−0.059%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.041% dearer against Lighter RH than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.011% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 197.53 | 0.0032 | pay 0.0004% / 1h | 36m 24s | $428K | $1.5M | 10x |
| Short | Binance COINUSDT | 197.68 | 0 | get 0.0000% / 8h | 6h 36m | $14.9M | $78.1M | 20x |
Lighter RH COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- −$6.72
- Price spread: +0.076% → +0.034%
- $4.14
- Slippage, 4 orders
- −$15.16
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.73
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Binance: live order book, 6 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 RH live order book, 1 min ago | 3.80 bp | 4.5 bp −$5 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.25 bp | 7.6 bp −$8 | 19.5 bp −$195 | 61.0 bp −$6,098 | 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 | 197.14 | −0.197% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0216% | 8h | 197.81 | +0.142% | $6.5M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | 0.0000% | 1h | 197.08 | −0.228% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.73 | +0.103% | $360K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.52 | −0.007% | $117K | $699K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 197.68 | +0.076% | $14.9M | $78.1M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 197.74 | +0.106% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.54 | +0.005% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.60 | +0.035% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.205% | $820K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 197.51 | −0.010% | $17K | $2.0M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.65 | +0.061% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.56 | +0.013% | $388K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 197.53 | long leg | $428K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.68 | +0.076% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.57 | +0.020% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.64 | +0.056% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.38 | −0.076% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.43 | −0.051% | $350K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.60 | +0.035% | $982K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.35 | −0.091% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.61 | +0.041% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.50 | −0.014% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.754% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.09 | +0.284% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0344% | 4h | 197.30 | −0.115% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter 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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC