Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter against Ondo Perps+0.065%7-day average +0.018% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now +0.065%, 7d avg +0.018%
=Together, before fees+0.161%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.048% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.018%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 7 days (−0.019% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 196.19 | 0.0050 | pay 0.0006% / 1h | 3m 02s | $350K | $2.7M | 10x |
| Short | Lighter COIN | 196.32 | 0.0032 | get 0.0004% / 1h | 3m 02s | $380K | $2.1M | 10x |
Ondo Perps COIN-USD.P
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.065% → +0.018%
- $4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.1
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 4 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.27 bp | 1.3 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0730% | 8h | 196.48 | +0.148% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.49 | +0.153% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0229% | 8h | 196.38 | +0.097% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.82 | −0.189% | — | $270K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.26 | +0.036% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.28 | +0.046% | $116K | $845K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.32 | +0.068% | $14.7M | $80.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.33 | +0.071% | $4.8M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.33 | +0.071% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.50 | +0.158% | $689K | $944K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 196.41 | +0.110% | $20K | $2.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.32 | +0.066% | $1.3M | $3.1M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 196.32 | +0.065% | $380K | $2.1M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.29 | +0.051% | $453K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.58 | +0.199% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.21 | +0.010% | $15.3M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.21 | +0.010% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.33 | +0.071% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 196.19 | long leg | $350K | $2.7M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.28 | +0.046% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.34 | +0.076% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.28 | +0.046% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | +0.049% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.33 | +0.071% | $187K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.37 | +0.092% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0188% | 4h | 196.41 | +0.111% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC