Coinbase Internationalvs
Lighter Robinhood
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 21 liquid markets shared by Coinbase International and Lighter Robinhood, the best funding setup over the past 7 days is $LIT (long Coinbase International, short Lighter Robinhood): it paid 54.6% APR, 50.4% after costs, and held 94% of the time.
21 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
Coinbase InternationalLighter RobinhoodLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase InternationalCoinbase InternationalLighter RobinhoodLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase InternationalCoinbase InternationalLighter RobinhoodLighter RobinhoodCoinbase InternationalCoinbase InternationalLighter RobinhoodCoinbase InternationalLighter RobinhoodLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase InternationalLighter RobinhoodCoinbase International“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| Coinbase International | Lighter Robinhood | |
|---|---|---|
| Type | CEX | DEX |
| Taker fee | 0.04% | 0%✓ |
| Maker fee | 0.02% | 0%✓ |
| Open Interest | $206.9M | $210.1M✓ |
| 24h Volume | $2.98B✓ | $432.2M |
| Avg Funding APR | 24.33% | 7.64% |
| Markets | 128✓ | 52 |
| Airdrop / token | — | Points Active |
Coinbase International and Lighter Robinhood are both perpetual-futures venues tracked on ORBIT. On fees, Lighter Robinhood is cheaper (0% vs 0.04% taker). On liquidity, Lighter Robinhood is deeper with $210.1M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Coinbase International and Lighter Robinhood diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Coinbase International and Lighter Robinhood pays most?
- Across 21 liquid markets shared by Coinbase International and Lighter Robinhood, the best funding setup over the past 7 days is $LIT (long Coinbase International, short Lighter Robinhood): it paid 54.6% APR, 50.4% after costs, and held 94% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Coinbase International or Lighter Robinhood cheaper?
- Coinbase International charges 0.04% taker / 0.02% maker; Lighter Robinhood charges 0% taker / 0% maker. Lighter Robinhood has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Coinbase International or Lighter Robinhood?
- Coinbase International has $206.9M open interest across 128 markets; Lighter Robinhood has $210.1M across 52. Lighter Robinhood is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Coinbase International and Lighter Robinhood?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.