Funding you earn now, next payment 09:00 UTC+0.0430%/8h= +47.1% APRpaid last 24h +0.196%
Price spread now: edgeX against Lighter RH+0.158%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs+$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days+0.600%+$60 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.158%, 7d avg +0.011%
=Together, before fees+0.479%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.147% dearer against Lighter RH than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 195.24 | 0.0032 | pay 0.0004% / 1h | 35m 17s | $467K | $1.3M | 10x |
| Short | edgeX COINUSDC | 195.55 | 0.0462 | get 0.0231% / 4h | 3h 35m | $50K | $294K | 10x |
Lighter RH COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $90.32
- Price spread: +0.158% → +0.011%
- $14.68
- Slippage, 4 orders
- −$18.14
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $77.86
- Costs to cover
- 0.271%
- Break-even
- 1.0 days
Slippage from Lighter RH: live order book, 2 min ago; edgeX: live order book, 63 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, 2 min ago | 2.56 bp | 3.5 bp −$4 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 63 min ago | 5.61 bp | 10.6 bp −$11 | 16.6 bp −$166 | 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 | −0.190% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0120% | 8h | 195.48 | +0.123% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0061% | 1h | 194.89 | −0.179% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.51 | +0.138% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.32 | +0.041% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.31 | +0.036% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.39 | +0.077% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.35 | +0.058% | $658K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.169% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.25 | +0.003% | $359K | $2.0M | 10x | as long as short |
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_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COINlong | +0.0032% | 1h | 195.24 | long leg | $467K | $1.3M | 10x | |
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.28 | +0.020% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0035% | 8h | 195.33 | +0.046% | $14.8M | $81.5M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.59 | +0.179% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.38 | +0.072% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.16 | −0.041% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.12 | −0.061% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.27 | +0.015% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | +0.005% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.27 | +0.015% | $983K | $183K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.35 | +0.056% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.32 | +0.041% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.27 | +0.014% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0140% | 8h | 195.30 | +0.031% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.41 | +0.087% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDCshort | +0.0462% | 4h | 195.55 | +0.158% | $50K | $294K | 10x |
Extended COIN_24_5-USD
Binance COINUSDT
Arcus COIN-USD
QFEX 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