Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.072%
Price spread now: Coinbase International against Lighter−0.251%7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days−0.581%−$58 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.251%, 7d avg −0.227%
=Together, before fees−0.380%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.227%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 949.03 | 0.0032 | pay 0.0004% / 1h | 17m 14s | $25K | $104K | 10x |
| Short | Coinbase International LITE-PERP-INTX | 946.65 | −0.0072 | pay 0.0009% / 1h | 17m 14s | $92K | $212K | 10x |
Lighter LITE
Coinbase International LITE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$21.84
- Price spread: −0.251% → −0.227%
- −$2.36
- Slippage, 4 orders
- −$26.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$60.59
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 26 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 Lighter live order book, 7 min ago | 3.17 bp | 3.2 bp −$3 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 8.91 bp | 13.9 bp −$14 | 19.5 bp −$195 | doesn't fit | doesn't fit |
LITE on 27 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 LITEUSDT | −0.0505% | 8h | 949.01 | −0.002% | $2.6M | $3.1M | 20x | as long as short |
| Coinbase International LITE-PERP-INTXshort | −0.0072% | 1h | 946.65 | −0.251% | $92K | $212K | 10x | |
| Aster LITEUSDT | 0.0000% | 8h | 949.04 | +0.001% | $106K | $17K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 948.87 | −0.017% | $14K | $218K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 949.11 | +0.008% | $12.1M | $49.3M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 949.16 | +0.014% | $1.7M | $1.9M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 948.95 | −0.008% | $3.6M | $18.5M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 949.65 | +0.065% | $7.9M | $6.5M | 50x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 948.35 | −0.071% | $260K | $154K | — | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 949.07 | +0.005% | $788 | $195K | 10x | as long as short |
Bitget LITEUSDT
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Variational Omni LITE
GRVT LITE_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX LITE-USDT | 0.0000% | 8h | 949.00 | −0.003% | $869 | $3.7M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | 0.0000% | 1h | 948.98 | −0.005% | $18K | $40K | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 949.90 | +0.092% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 949.49 | +0.048% | $1.5M | $729K | 10x | as long as short |
| BloFin LITE-USDT | +0.0010% | 8h | 949.18 | +0.016% | $214K | $240K | 20x | as long as short |
| QFEX LITE-USD | +0.0012% | 1h | 949.12 | +0.009% | $1.1M | $3.6M | 10x | as long as short |
| Lighter LITElong | +0.0032% | 1h | 949.03 | long leg | $25K | $104K | 10x | |
| Vest LITE-USD-PERP | +0.0046% | 1h | 948.52 | −0.054% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 949.43 | +0.042% | $74K | $229K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 949.83 | +0.084% | $32K | $349K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 948.53 | −0.053% | $520K | $43K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 948.87 | −0.017% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 949.00 | −0.003% | $922 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 948.76 | −0.028% | — | — | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0105% | 1h | 949.40 | +0.039% | $7.7M | $5.9M | 10x | as long as short |
| SoDEX LITE-USD | +0.0289% | 1h | 948.96 | −0.007% | $23K | $9K | 10x | as long as short |
| edgeX LITEUSDC | +0.0416% | 4h | 948.68 | −0.037% | $63K | $473K | 10x | as long as short |
SunX LITE-USDT
Deribit LITE_USDC-PERPETUAL
HTX LITE-USDT
Phemex LITEUSDT
BloFin LITE-USDT
QFEX LITE-USD
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
tradeXYZ xyz:LITE
SoDEX LITE-USD
edgeX LITEUSDC