Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.004%
Price spread now: Lighter RH against OKX−0.233%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.233%, 7d avg −0.019%
=Together, before fees+0.150%+ Points / potential airdropLighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.214% cheaper against OKX than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.019%). If the spread goes back, that is −$21 on $10k: about 22 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 197.80 | 0 | get 0.0000% / 8h | 6h 37m | $3.1M | $4.5M | 20x |
| Short | Lighter RH COIN | 197.34 | 0.0032 | get 0.0004% / 1h | 37m 34s | $428K | $1.5M | 10x |
OKX COIN-USDT-SWAP
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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: −0.233% → −0.019%
- −$21.38
- Slippage, 4 orders
- −$23.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$48.65
- Costs to cover
- 0.340%
- Break-even
- 57.7 days
Slippage from OKX: live order book, 5 min ago; Lighter RH: live order book, 5 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 OKX live order book, 5 min ago | 0.25 bp | 11.0 bp −$11 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.26 bp | 5.9 bp −$6 | 14.0 bp −$140 | 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 | 197.14 | −0.334% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0182% | 8h | 197.83 | +0.015% | $6.5M | $10.3M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.60 | −0.103% | $362K | $851K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.50 | −0.151% | $117K | $699K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.67 | −0.067% | $14.9M | $78.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.81 | +0.005% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 197.80 | long leg | $3.1M | $4.5M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 197.66 | −0.071% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.068% | $820K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.51 | −0.147% | $17K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0003% | 1h | 197.11 | −0.349% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.62 | −0.091% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.36 | −0.221% | $388K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.34 | −0.233% | $428K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.69 | −0.056% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.46 | −0.172% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.61 | −0.096% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.23 | −0.288% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.16 | −0.324% | $349K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.46 | −0.172% | $981K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.35 | −0.228% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.35 | −0.228% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.21 | −0.300% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.617% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.09 | +0.147% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0344% | 4h | 197.30 | −0.251% | $51K | $294K | 10x | as long as short |
Vest COIN-USD-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