Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.039%
Price spread now: Lighter RH against tradeXYZ+0.091%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.091%, 7d avg +0.010%
=Together, before fees−0.144%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.082% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.010%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.133% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.42 | 0.0050 | pay 0.0006% / 1h | 0m 25s | $15.5M | $13.5M | 10x |
| Short | Lighter RH COIN | 197.60 | 0.0032 | get 0.0004% / 1h | 0m 25s | $454K | $1.5M | 10x |
tradeXYZ xyz:COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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
- −$3.78
- Price spread: +0.091% → +0.010%
- $8.17
- Slippage, 4 orders
- −$11.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.37
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.76 bp | 11.6 bp −$12 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.26 bp | 4.1 bp −$4 | 11.7 bp −$117 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0638% | 8h | 197.75 | +0.167% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.56 | +0.071% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0194% | 8h | 197.64 | +0.111% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.21 | −0.106% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.71 | +0.148% | $349K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.58 | +0.082% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.61 | +0.096% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.49 | +0.035% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.63 | +0.106% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.099% | $685K | $1.0M | — | 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 | 197.62 | +0.102% | $16K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | +0.101% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.59 | +0.084% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 197.60 | +0.091% | $454K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.78 | +0.182% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.42 | long leg | $15.5M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.44 | +0.010% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | +0.106% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | +0.010% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.53 | +0.056% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.61 | +0.096% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.51 | +0.046% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.53 | +0.057% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.74 | +0.162% | $189K | $391K | 20x | as long as short |
| edgeX COINUSDC | +0.0149% | 4h | 197.54 | +0.063% | $51K | $295K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.63 | +0.106% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
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
edgeX COINUSDC
Phoenix COIN