Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.006%
Price spread now: Lighter against Orderly−0.022%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.022% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 197.82 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $572 | $4K | 10x |
| Short | Lighter COIN | 197.78 | 0.0032 | get 0.0004% / 1h | 26m 48s | $343K | $1.9M | 10x |
Orderly PERP_COIN_USDC_mythos
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$14.28
- Price spread: −0.022% → 0.000%
- −$2.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.5
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.63 bp | 0.7 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | 197.72 | −0.051% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.91 | +0.048% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.79 | −0.014% | $106K | $853K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.86 | +0.020% | $14.6M | $75.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.86 | +0.020% | $4.7M | $5.4M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.85 | +0.015% | $3.1M | $4.3M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.86 | +0.020% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.90 | +0.040% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.90 | +0.040% | $782K | $932K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.94 | +0.061% | $10K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 197.78 | −0.020% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 197.78 | −0.022% | $343K | $1.9M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.70 | −0.061% | $480K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.06 | +0.121% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.64 | −0.091% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.68 | −0.071% | $14.7M | $11.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.64 | −0.091% | $120K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.77 | −0.025% | $103 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.75 | −0.035% | $334K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 197.88 | +0.030% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | +0.035% | $933K | $265K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | +0.045% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 197.82 | long leg | $572 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.75 | −0.035% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.83 | +0.005% | $195K | $480K | 20x | as long as short |
| edgeX COINUSDC | +0.0789% | 4h | 197.93 | +0.054% | $51K | $292K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC