Funding you earn now, next payment 06:00 UTC+0.2603%/8h= +285.0% APRpaid last 24h +0.144%
Price spread now: Lighter against OKX+0.361%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$830.829% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.361%, 7d avg +0.057%
=Together, before fees−0.233%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and Lighter is 0.304% dearer against OKX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DATA-USDT-SWAP | 0.2217 | −0.3075 | get 0.1537% / 4h | 2h 44m | $1.2M | $9.6M | 20x |
| Short | Lighter DATA | 0.2225 | −0.0472 | pay 0.0059% / 1h | 44m 11s | $69K | $275K | 10x |
OKX DATA-USDT-SWAP
Lighter DATAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $546.62
- Price spread: +0.361% → +0.057%
- $30.4
- Slippage, 4 orders
- −$72.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $494.16
- Costs to cover
- 0.829%
- Break-even
- 0.7 days
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 51 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 OKX live order book, 4 min ago | 4.54 bp | 27.5 bp −$27 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 4.53 bp | 12.1 bp −$12 | 44.0 bp −$440 | doesn't fit | doesn't fit |
DATA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DATAUSDT | −0.6902% | 4h | 0.2223 | +0.271% | $1.2M | $2.5M | 20x | as long as short |
| Gate DATA_USDT | −0.3456% | 4h | 0.2224 | +0.316% | $114K | $123K | 20x | as long as short |
| BloFin DATA-USDT | −0.3116% | 4h | 0.2219 | +0.090% | $120K | $7K | 20x | as long as short |
| OKX DATA-USDT-SWAPlong | −0.3075% | 4h | 0.2217 | long leg | $1.2M | $9.6M | 20x | |
| MEXC DATA_USDT | −0.3060% | 4h | 0.2222 | +0.226% | $126K | $273K | 20x | as long as short |
| Extended DATA-USD | −0.2176% | 1h | 0.2219 | +0.109% | $927 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.1466% | 4h | 0.2223 | +0.248% | $253K | $977K | 30x | as long as short |
| Lighter DATAshort | −0.0472% | 1h | 0.2225 | +0.361% | $69K | $275K | 10x | |
| Bitget DATAUSDT | −0.0164% | 4h | 0.2220 | +0.135% | $672K | $659K | 50x | as long as short |
Bybit DATAUSDT
Gate DATA_USDT
BloFin DATA-USDT
MEXC DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Bitget DATAUSDT