Funding you earn now, next payment 01:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against QFEX−0.002%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 3 days (all we have)+0.031%+$3 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.002%, 7d avg −0.017%
=Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 201.45 | 0.0021 | pay 0.0003% / 1h | 21m 32s | $1.4M | $3.8M | 10x |
| Short | Lighter COIN | 201.45 | 0.0072 | get 0.0009% / 1h | 21m 32s | $375K | $1.8M | 10x |
QFEX COIN-USD
Lighter COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $10.67
- Price spread: −0.002% → −0.017%
- $1.47
- Slippage, 4 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.86
- Costs to cover
- 0.170%
- Break-even
- 10.2 days
Slippage from QFEX: live order book, 7 min ago; Lighter: 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 QFEX live order book, 7 min ago | 1.74 bp | 6.9 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.46 bp | 1.5 bp −$1 | 2.0 bp −$20 | 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 | 201.70 | +0.124% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.59 | +0.069% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.39 | −0.028% | $120K | $761K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.46 | +0.005% | $15.7M | $74.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.52 | +0.035% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.47 | +0.010% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.57 | +0.060% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.54 | +0.045% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.85 | +0.199% | $839K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.83 | +0.189% | $20K | $2.0M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USDlong | +0.0021% | 1h | 201.45 | long leg | $1.4M | $3.8M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.43 | −0.010% | $433K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.73 | +0.139% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.32 | −0.065% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.47 | +0.010% | $16.5M | $12.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.36 | −0.045% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.50 | +0.025% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.23 | −0.109% | $357K | $3.3M | 10x | as long as short |
| Lighter COINshort | +0.0072% | 1h | 201.45 | −0.002% | $375K | $1.8M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.67 | +0.109% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.61 | +0.079% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.59 | +0.069% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.52 | +0.033% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.70 | +0.124% | $199K | $338K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.82 | +0.184% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0290% | 4h | 201.60 | +0.074% | $52K | $294K | 10x | as long as short |
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
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC