Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter RH against QFEX−0.015%7-day average −0.006% · 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−$22as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 3 days (all we have)+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.015%, 7d avg −0.006%
=Together, before fees−0.063%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 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 | 201.85 | 0.0021 | pay 0.0003% / 1h | 45m 10s | $1.4M | $3.9M | 10x |
| Short | Lighter RH COIN | 201.82 | 0.0032 | get 0.0004% / 1h | 45m 10s | $434K | $1.5M | 10x |
QFEX COIN-USD
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $2.27
- Price spread: −0.015% → −0.006%
- −$0.93
- Slippage, 4 orders
- −$10.71
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.37
- Costs to cover
- 0.207%
- Break-even
- 66.8 days
Slippage from QFEX: live order book, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago | 1.49 bp | 6.6 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.97 bp | 3.6 bp −$4 | 10.2 bp −$102 | 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 | 201.86 | +0.005% | $45K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.74 | −0.053% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.85 | −0.001% | $119K | $548K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.88 | +0.015% | $15.8M | $75.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.88 | +0.015% | $5.1M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.02 | +0.084% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.84 | −0.005% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.96 | +0.054% | $6.9M | $9.3M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.87 | +0.012% | $839K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.69 | −0.081% | $12K | $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 | 201.85 | long leg | $1.4M | $3.9M | 10x | |
| Lighter RH COINshort | +0.0032% | 1h | 201.82 | −0.015% | $434K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 201.81 | −0.020% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.72 | −0.064% | — | $437K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.87 | +0.010% | $16.6M | $12.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.78 | −0.035% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.86 | +0.005% | $95 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.41 | −0.218% | $359K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.91 | +0.030% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.69 | −0.079% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.78 | −0.035% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.87 | +0.012% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.96 | +0.054% | $200K | $341K | 20x | as long as short |
| Lighter COIN | +0.0136% | 1h | 201.85 | +0.002% | $376K | $1.8M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.87 | +0.010% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0878% | 4h | 201.60 | −0.122% | $52K | $294K | 10x | as long as short |
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC