Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.030%
Price spread now: OKX against Lighter+0.028%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.028%, 7d avg −0.104%
=Together, before fees−0.199%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.132% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7154 | 0.0096 | pay 0.0012% / 1h | 49m 02s | $1.1M | $887K | 5x |
| Short | OKX ETHFI-USDT-SWAP | 0.7156 | 0.0100 | get 0.0050% / 4h | 2h 49m | $5.0M | $12.4M | 20x |
Lighter ETHFI
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0.84
- Price spread: +0.028% → −0.104%
- $13.16
- Slippage, 4 orders
- −$88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$84
- Costs to cover
- 0.980%
- Break-even
- 707.0 days
Slippage from Lighter: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago | 11.04 bp | 30.3 bp −$30 | 100.0 bp −$1,000 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.40 bp | 16.3 bp −$16 | 46.9 bp −$469 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0414% | 4h | 0.7148 | −0.084% | $88K | $169K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7146 | −0.112% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0211% | 4h | 0.7141 | −0.182% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0006% | 4h | 0.7135 | −0.267% | $1.0M | $721K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.202% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7149 | −0.068% | $6K | — | 5x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7154 | long leg | $1.1M | $887K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7151 | −0.035% | $17.9M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7151 | −0.039% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7148 | −0.084% | $24.9M | $36.6M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7151 | −0.042% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7156 | +0.028% | $5.0M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7154 | 0.000% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7143 | −0.154% | $15.1M | $3.8M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7154 | 0.000% | $1.2M | $258K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7147 | −0.098% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7150 | −0.056% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7155 | +0.017% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | −0.014% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7140 | −0.201% | $98K | $389K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7142 | −0.169% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | 0.000% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7152 | −0.027% | $271K | $174K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7142 | −0.168% | $1.2M | $260K | 75x | as long as short |
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT